Nondurable goods spending was also stronger, up 3.8 percent in the second quarter.
But with wage growth remaining sluggish despite the labor market being near full employment, there are concerns that consumer spending could slow in the third quarter.
Overall, the revisions did not change the U.S. economy's broader picture and confirmed that the current expansion cycle is the slowest on record. Some critics argued that this wasn't the correct time to do so and that the economy couldn't support such monetary policy.
Annual US GDP growth has come in at less than 3 per cent for 11 consecutive years, with the world's biggest economy expanding at a rate of just 1.6 per cent last year, its slowest pace since 2011. But Trump hasn't been able to get his economic agenda through Congress, so those expectations have been dialed back. So far, the impasse in Washington has not hurt either business and consumer confidence.
The mining, oil and gas extraction sector accounted for almost 0.4 percentage points of May's overall economic growth.
"Consumers continue to drive the economy's growth, but firmer business investment is also a plus", says Mark Zandi, chief economist at Moody's Analytics.
But the recent slowdown in Toronto home sales was starting to weigh on economic growth, with activity at offices of real estate agents and brokers tumbling 6.3 per cent.
Previously is had been estimated to be 2.1 percent.
Nonresidential fixed investment, a measure of corporate spending on structures and equipment, climbed at a pace of 5.2 percent in the second quarter, down from a 7.2 percent growth rate in the previous quarter. Growth in the first quarter was revised down to 1.2% from 1.4%.
While businesses probably continued to carefully manage their inventories, they appeared to spend more in some places.
The IMF believed the Trump administration is unlikely to accelerate annual USA economic growth to sustained 3 percent from the newly revised 1.5 percent in 2016, "even with an ideal constellation of pro-growth policies".
The economy grew by 0.6 percent in May from a month earlier, Statistics Canada said on Friday, exceeding economists' forecasts for 0.2 percent. "Weaker housing construction was the only significant drag on growth in the quarter".
The GDP price index rose 1% in 2Q after rising 2.0% prior quarter. Economists had expected an increase of 0.2 per cent, according to Thomson Reuters. "The issue of "residual seasonality" is likely to persist through the upcoming revision".
The union supports the subway rescue plan, which calls for fixing signals and tracks and hiring 2,700 workers. Also, the Metropolitan Transportation Authority was accused by the mayor of not spending its capital budget.
Jamie Callum, Ella Eyre , Lianne La Havas and Marcus Mumford are just four of the 12 judges who created the shortlist. The Hyundai Mercury Prize awards show will take place at Eventim Apollo , Hammersmith on 14 September.
The season pass is $25, while a pre-order will cost nothing if you grab it through Amazon , or $5 from other stores. The New Colossus launches in October, but publisher Bethesda has already unveiled the game's DLC plan.
Green was arrested for the alleged slap and faces a $500 fine and up to 90 days in jail if he is found guilty of the assault. He was accused of slapping Michigan State football player Jermaine Edmondson at an East Lansing restaurant.
Bilateral ties have been strained since the Indian Army stopped China from constructing a road in Sikkim sector's Doklam area. China has told India repeatedly to withdraw troops from Doklam, which it calls as its own territory.
He signed his first professional contract in July 2011 with Ligue 2 club Le Havre and he made his debut a month later aged 17. But despite a heavy outlay on full-backs, Guardiola wants to add at least one more central defender.
About 80 percent of those openings are for full-time roles, with another 10,000 part-time jobs at the company's sortation centers. This Wednesday, July 19, 2017, photo shows an Amazon Fulfillment Center in Miami.
Chris and Olivia have endured a turbulent ride in the Love Island villa, but have a great chance tonight according to the bookies. On spotting her in the room while offering some musical advice to Kem and Chris he said: "No Liv, oh jeez".
Trump on Long Island Today at Suffolk College
The venue is close to where MS-13 has committed a string of gruesome murders, including April's massacre of four young men. President Donald Trump will address gang violence in a speech on Friday afternoon, the White House announced.
WhatsApp counts 1 Billion Daily Active Users
WhatsApp rolled out the Snapchat like status feature a few months ago and even added a status tab only next to the home tab. We checked with them, and Whatsapp has declined to disclose its monthly and daily active users for India.
Trump continues attacks on Sessions
Corker, the chairman of the Foreign Relations Committee , spoke Wednesday on Washington Post Live. When asked about the future of Sessions, Trump replied: "We shall have to see what happens".
Orlando City introduces Dom Dwyer
That eclipses the previous record set by Minnesota United in January when it acquired Kevin Molino from Orlando for $A819,000. He played one year for the Bulls scoring 16 goals before he was drafted No. 16 in the 2012 MLS SuperDraft by Kansas City.
Toyota to Sell Long-Range Electric Vehicle in 2022
Plus solid-state batteries use solid electrolytes than than liquid ones, which make them safer than lithium-ion batteries. Reports suggest the new battery will debut in Japan in a model 2022 auto with an all-new platform.