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Gross Domestic Product: Difference between revisions
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== Developments == | |||
=== Q1 2023 === | |||
U.S GDP is grew at a 1.1% annualized pace in Q1 2023, below economists estimate of 2%.<ref>https://www.bea.gov/sites/default/files/2023-04/gdp1q23_adv.pdf</ref> | |||
* The deceleration in real GDP in the first quarter primarily reflected a downturn in private inventory investment and a slowdown in nonresidential fixed investment. | |||
* These movements were partly offset by an acceleration in consumer spending, an upturn in exports, and a smaller decrease in residential fixed investment. Imports turned up. | |||
* The price index for gross domestic purchases increased 3.8 percent in the first quarter, compared with an increase of 3.6 percent in the fourth quarter. | |||
* The PCE price index increased 4.2 percent, compared with an increase of 3.7 percent. Excluding food and energy prices, the PCE price index increased 4.9 percent, compared with an increase of 4.4 percent. | |||