Growth is estimated to have been favored, among other things, by a strong export to markets outside the USA, which in turn has compensated for the increased tariffs that the American government has introduced against the country, reports Bloomberg.
In total, goods deliveries to the USA decreased by 24 percent during the second quarter, according to the official statistics. The decrease has, among other things, been met by financial policy stimuli in China, something that is estimated to have increased domestic demand and favored the construction sector.
At the same time, retail trade increased slightly less than what analysts expected, with an increase of 4.8 percent in June compared to the same month last year. Industrial production increased by 6.8 percent, also a figure that exceeded the forecast.
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