First Quarter U.S. Economic Growth Exceeds Previous Estimate

Updated on
  • Better readings in trade, business investment propel revision
  • Consumer spending, the biggest part of economy, revised down

U.S. First-Quarter GDP Growth Exceeds Estimates at 1.1%

The world’s largest economy expanded more than previously projected in the first quarter as improved performance in trade and business investment more than made up for weaker consumer spending.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.