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LATEST US DATA

Q2 GDP revised higher; hurricanes slow Q3 growth momentum

Harvey and Irma continue to impact labour market and are expected to cut into job growth in September

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Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 272,000 for the week ended Sept 23. Still, the labour market remains strong.

Washington

THE US economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years, but the momentum probably slowed in the third quarter as hurricanes Harvey and Irma temporarily curbed activity.

Gross domestic product (...

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