Q1 GDP Revised Up to 2.1% in Surprise Jump

Macro Impact 4
โดย Zacks Investment Research·Read original
Summary · why it matters

The second and final revision to first-quarter Gross Domestic Product unexpectedly jumped half a percentage point to 2.1%. Consumption dropped nearly 100 basis points from the prior read to 0.5%, the weakest since the first quarter of 2022. The GDP Price Index reached 3.6%, a 10-basis-point bump, while core GDP hit 4.4%. Separately, the Personal Consumption Expenditures price index rose 4.1% year-over-year in May, the highest since April 2023, with core PCE at 3.4%, the highest since October 2023.

Impact on stocks 1

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