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.
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