June 6, 2013
The U.S. economy has been a mixed bag during the first half of 2013. We have made some progress, particularly when looking at the all-time highs in the stock market or the consumer confidence measures that are now at levels not seen since before the financial crisis. Real GDP is growing modestly, up 2.4% in the first quarter, and it is expected to rise 1.8% in the current quarter. Much of that increase can be attributed to decent gains in consumer spending and steady increases in housing construction, both of which have helped boost output and lift sentiment.