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Economy

Economic Data (USA)

Friday, April 28, 2017

Gross Domestic Product (GDP) First Estimate for Q1, 2017

The U.S. Real Gross Domestic Product (GDP) "advance" (first estimate) report for the first quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +1.1%
Actual: +0.7%

The yellow-highlighted figure represents the quarter-to-quarter change in real gross domestic product for the United States.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimate is based on data that are subject to future revision.

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Gross Domestic Product (GDP) - Q1 2017 - First Estimate
Gross Domestic Product (GDP) - Q1 2017 - First Estimate

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Personal Consumption Expenditures (a.k.a. Consumer Spending)

Predicted: +0.7%
Actual: +0.3%

The blue-highlighted figure above represents the quarter-to-quarter change in personal consumption expenditures, also known as consumer spending.

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  • On May 26, 2017, the Commerce Department will release a "preliminary" GDP report for Q1 2017, which will contain a second estimate (more accurate data.)

  • On June 29, 2017, a "final" GDP report will be released by the BEA, which will contain the government's best estimates for Q1 2017.

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