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First-Quarter U.S Growth Potholes Less Cavernous, Revisions Show

  • BEA says it’s made ‘great progress’ on seasonal adjustments
  • Second-quarter growth rates for 2013-2015 were revised down
Window shoppers in New York City.

Window shoppers in New York City.

Photographer: John Taggart/Bloomberg
Updated on

First-quarter U.S. growth rates from 2013 through 2015 are less anemic, while subsequent rebounds are less hearty, revised data show.

The economy grew 1.2 percent at an annualized rate on average from January through March during the three-year period, up from a prior estimate of 0.5 percent, according to the Commerce Department’s annual update of gross domestic product. For the second quarter, average growth was cut to 2.5 percent from 3.2 percent.