A big upward revision to gross domestic product, now seen increasing at a 3.7% pace in the second quarter, has reassured some economists that the economy is on solid footing heading into the second half of the year.
But a less closely watched number in the Commerce Department report provides a fair amount of caution.
An alternative measure of economic output, gross domestic income, advanced at a much slower 0.6% pace last quarter. By that gauge, economic growth barely inched ahead in the first half of the year. (GDI advanced at 0.4% pace in the first quarter versus a 0.6% increase for GDP.)
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