The U.S. boom reached a new peak in the second quarter as the gross national product soared to a record annual rate of $408.5 billion. Making that heady estimate last week, the President's Council of Economic Advisers noted a rise of $21 billion over the same period last year and $5.1 billion more than the booming first-quarter rate.
Consumer spending in the second quarter rose to an annual rate of $264.3 billion, up $12.5 billion from last year's equivalent period. In June, chain-store and mail-order sales climbed 13.8% over June of 1955....
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