Q1 GDP Revised down to 2.2% Annual Rate

From the BEA: National Income and Product Accounts Gross Domestic Product: First Quarter 2018 (Second Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the first quarter of 2018 , according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2017, real GDP increased 2.9 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.3 percent. With this second estimate for the ......(read more)

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