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LATEST US DATA

Q1 economic growth revised up to 0.8%

A surge in spending on home building and steady increase in inventory investment by businesses cited

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MORE NEW HOMES: Spending on residential construction increased at a 17.1% rate in Q1, the fastest pace since Q4 of 2012.

Washington

US economic growth slowed in the first quarter although not as sharply as initially thought, amid a surge in spending on home building and a steady increase in inventory investment by businesses.

Gross domestic product rose at a 0.8 per cent annual rate as opposed to the

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