- Analytics
- News and Tools
- Market News
- U.S. economy expands as previously estimated in Q1
U.S. economy expands as previously estimated in Q1
A
report from the Commerce Department showed on Thursday that the U.S. economy expanded
as initially estimated in the first quarter of 2021, reflecting the upward
revisions to consumer spending and nonresidential fixed investment, which were
offset by the downward revisions to exports and private inventory investment; in
addition, imports, which are a subtraction in the calculation of GDP, were
revised up.
According
to the second estimate, the U.S. gross domestic product (GDP) grew at a 6.4
percent annual rate in the first quarter, matching the advance estimate.
Economists
had expected the decline rate to be revised to 6.5 percent, following the previous
quarter's advance of 4.3 percent.
The
increase in real GDP in the first quarter reflected gains in personal
consumption expenditures (PCE), nonresidential fixed investment, federal
government spending, residential fixed investment, and state and local government
spending that, however, were partly offset by declines in private inventory
investment and exports. Meanwhile, imports rose.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
