The country has been basking in the joy of DNC, falling oil, and yesterday's surpisingly high figure of durable goods. Today GDP number lend a momentum to the exuberance.
Annualized Q2 QoQ GDP was revised upward to 3.3% from 1.9%, previously annouced. The largest contributor is export, 3.1%, driven by weaker dollars.
Personal consumption growth 1.7%, probably driven by stimulus package, which might be unstained.
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