The Second Quarter Ended on a Soft Note |
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U.S. Review The Second Quarter Ended on a Soft Note Real GDP grew at a 2.4 percent annual rate during the second quarter, but recent data suggest the period ended on a weak note and point to a slower second half of 2010. New home sales rose in June, but downward revisions to April and May data show an even larger pullback following the end of homebuyer tax incentives. Advance orders for durable goods fell in June, and regional surveys show industrial activity losing steam. Consumer confidence
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