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

This article was written by Adam Button at investinglive.com.

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