U.S. GDP rises to 2.5 percent in second estimate

(Aug. 29, 2013) -- "While the upward revision to second-quarter growth, particularly the unexpected stronger build in inventories, suggests that third-quarter 2013 GDP growth might not improve on its second-quarter reading, we still expect continued underlying improvement in labor markets and an easing in fiscal drag will allow for growth to strengthen in the final quarter of 2013 with a further acceleration to a pace closer to 3 percent in 2014 still looking reasonable," said Janzen.