Marketwatch details the revision from 3.2% --> 3.0% --> 2.7% Q1 GDP:
U.S. real gross domestic product for the first quarter was revised down to an increase of 2.7% annualized from the earlier estimate of a 3.0% rise, the Commerce Department said Friday. Economists surveyed by MarketWatch expected first-quarter growth to be unrevised at up 3.0%. The revision to first-quarter GDP was largely due to weaker consumer spending and a widening trade deficit.Breakdown of Q1 GDP
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpqy0f8cvvQkoYfhz0HXlGEhayBRvONq0QLI99eotHUTnuP35NrCkbbUB3QewF5THf-MUwG116VcjNj2O3J-16lhvrYlTCbSojbraYqkmalgaGmRLY0NiXUfIt39ybV39M5DsHj_8duQ/s800/revise.png)
Revisions from Preliminary to Final Q1 GDP
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFIe3OGzrKalmDsfOIpopAj_vqHQ8p63L5OBkY2_NZGnN5g_rzuWM9XSudp0wBEfRM8838_v6lnOYf4h8dJPUo7znu_6i3_PwT3ndPo_vX3-OGvh1vOLUpD8y-xr-I-5t2oVZ8coh-Ww/s800/change2.png)
Source: BEA
Gee, our beloved USG only missed the GDP number by 23% a couple of months ago.
ReplyDeleteDo you think political shenanigans might be at play?