Economics
US Economic Data Signals Firmer Growth That May Ease by Yearend
- Consumer spending off to a solid start early in second quarter
- Manufacturing gauges soften, while housing market stumbles
An employee adjusts diamond jewelry in the window of a store in New York.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
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Firmer consumer spending and a decisive narrowing of the merchandise trade deficit show the US economy is emerging in short order from a first-quarter pothole.