3.4% q/q
- expected 3.0%, prior -1.9%
4.2% y/y
- expected 3.7%, prior 3.9%
An inflation indicator in the data, the 'chain price index', is -0.6% vs prior +0.5%
Consumption was +4.4%, a big contributor to growth.
Capex and government spending (fiscal policy is beginning to become contractionary) weighed on q/q growth.
