US Q1 advance GDP +2.0% vs +2.3% expected
- Final Q4 GDP was +0.5%
- Consumer spending (PCE):%
- GDP final sales (excluding inventories) +% vs +0.3% prior
- GDP price index (GDP deflator): vs +3.8% expected
- Core PCE (excluding food & energy): +% vs +4.1% expected
- Business investment (nonresidential fixed investment):
Contributions to GDP in percentage points:
- Government vs +1.03 prior
- Net exports vs +0.05 prior
- Inventories + vs +0.21 prior
- Fixed investment + vs +0.45 prior
- Services + vs +1.59 prior
- Goods vs +0.01 prior
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