- Second reading was +3.3%
- Final Q1 was -0.5%
- GDP final sales +7.5% vs 6.8% second reading
- Consumer spending final +2.5% vs +1.6% second reading
- Core PCE final +2.6% vs +2.5% second reading
- Full report
This is an impressive revision led by a much-more impressive consumer.
Digging through the data, there is still a big impact on the whipsaw effect from tariffs but looking ahead, there is some more good news as the August goods trade balance number was better than anticipated.
