The second look at Q1 GDP
Initial reading was +2.3%
Personal consumption 1.0% vs 1.1% initially
GDP price index 1.9% vs 2.0% initially
Core PCE 2.3% vs 2.5% initially
Inventories add 0.13 pp to GDP
Corporate profits after tax +5.9% vs +1.7% in Q4
GDP ex motor vehicles +2.0% vs +2.2% prior
Exports +4.2% vs +4.8% initially
Imports +2.8% vs +2.6% initially
Home investment -2.0% vs 0.0% initially
Low inflation is a worry but it added to real GDP while trade was a drag and consumer spending was revised lower.
