US GDP grew by 2.0% in Q1

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Thursday, Jun 28 2018

US GDP grew by 2.0% in Q1

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2018 according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.9 percent. In the second estimate, the increase in real GDP was 2.2 percent. With this third estimate for the first quarter, the general picture of economic growth remains the same; private inventory investment and personal consumption expenditures (PCE) were revised down.

Real gross domestic income (GDI) increased 3.6 percent in the first quarter, compared with an increase of 1.0 percent in the fourth quarter. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 2.8 percent in the first quarter, compared with an increase of 2.0 percent in the fourth quarter.

More in this category: « German consumer climate remains stable Unemployment Claims increased to 227,000 »

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