During the second quarter of 2018, the United States recorded a GDP acceleration of 2 p.p. compared to the previous quarter, registering a y/y growth rate of 4.20%. This performance was mainly due to the higher growth in domestic demand, which accelerated by 0.60 p.p. to 2.80%, driven by private consumption and public spending. With respect to the labor market, the unemployment rate decreased by 0.20 p.p. to 3.90%. Inflation for the period was 2.65%, after increasing by 0.40 p.p. with respect to the first quarter, while the dollar appreciated against the euro, recording an average exchange rate of 1.18 $/€ during the second quarter of the year.
For more information, click here to access the executive document in pdf.
© GMS Management Solutions, S.L., 2019. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.