GDP, economy
GDP shows U.S. economy grew just 1.3% in the first quarter as consumer spending slowed
The U.S. economy grew at a slower 1.3% annual pace in the first three months of the year, revised government figures show, largely because of softer consumer spending.
U.S. first quarter real GDP revised down to 1.3%
Real U.S. gross national product grew at an annual rate of 1.3% in the first quarter, according to a second estimate Thursday from the Bureau of Economic Analysis. In the fourth quarter of 2023 real GDP grew 3.
GDP: US economy grew at a slower pace than initially thought in Q1
The US economy grew more slowly than initially thought during the first quarter. The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first reading in April of 1.6% growth and in line with economist estimates.
U.S. GDP revised down to cooler-than-expected 1.3% growth in Q1
Q1 U.S. gross domestic product (second estimate): +1.3% vs. 1.5% consensus and the first estimate of 1.6%. By contrast, Q4 2023 GDP grew at a robust 3.4%. Q1 personal consumption expenditures: +2.0% vs. 2.2% consensus and prior estimate of +2.5%. That compares with a 3.3% increase in Q4 2023.
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the government said in a downgrade from its previous estimate
First-quarter GDP growth revised down to 1.3% rate
The economy expanded at a 1.3% seasonally adjusted annual rate in the first quarter of this year, the Bureau of Economic Analysis reported Thursday in a downward revision. Economists had expected a slight downward revision in the second update,
U.S. economic growth revised lower for first quarter
U.S. GDP grew at a 1.3% annualized rate from January through March, down from the advance estimate of 1.6% and notably slower than the 3.4% pace in the final three months of 2023
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Soft Q1 GDP, Salesforce falls, Dow shaves 300 points: Catalysts
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Stock Market Today: Stocks slide on inflation concerns; GDP slows, Salesforce plunges
The S&P 500 is on pace for its worst week in six amid a spike in Treasury bond yields tied to renewed inflation risks.
Nasdaq, S&P, Dow fall on Salesforce drag, mixed signals from Q1 GDP revision
U.S. stocks slipped on Thursday, with a post-earnings plunge in enterprise software giant Salesforce (CRM) weighing on Wall ...
US GDP rose at slower pace in first quarter on softer spending
The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods.
Breaking news: United States GDP growth rate cut by less than half at 1.3% for Q1
The US economy received unwelcome news today, as the Bureau of Economic Analysis revealed that Q1 2024 GDP dropped even more ...
IMF upgrades China's GDP growth forecasts but warns of risks ahead
China's economy is set to grow 5% this year, after a "strong" first quarter, the International Monetary Fund said on ...
US GDP, retail earnings, C3.ai CEO talks demand: Morning Brief
Stocks (^DJI, ^IXIC, ^GSPC) are on the path to open the Thursday session amidst Wall Street's outlook on the Federal ...