- Prior estimate 1.4%
- GDP 2nd estimate 0.7% versus 1.4% preliminary. This is well below the expectations going into the 1st cut of the GDP (was expecting 3.0%).
- GDP Deflator 3.8% vs 3.6% est. and 3.7% preliminary
- Core PCE 2.7% versus 2.7% estimate and 2.7% preliminary
- GDP sales preliminary 0.4% versus 1.2% preliminary.
- Consumer spending 2.0% versus 2.4% preliminary
- PCE price is preliminary 2.9% versus 2.9% preliminary
- PCE X food, energy, and housing 2.8% versus 2.8% preliminary
- PCE services excluding energy and housing 3.6% versus 3.6% preliminary
The Q1 estimate for GDP from the Atlanta Fed GDP model estimates Q1 growth at 2.7% given released data.
This article was written by Greg Michalowski at investinglive.com.
