Tag: factory data buoy

Strong consumer spending, factory data buoy U.S. growth outlook

(Reuters) – U.S. consumer spending recorded its largest gain in more than 4-1/2 years in March and factory activity accelerated last month, reinforcing views the economy was regaining steam. Economic growth stalled in the first quarter after a very cold and disruptive winter, but the data so far point to a strong second-quarter rebound. “The weakness in growth we saw in the first quarter is not indicative of what is going on in the economy. […]