US Q1 GDP (second reading) -1.5% vs -1.3% expected

• First reading was -1.4%
• Q4 final was 6.9% annualized
• Personal consumption +3.1% vs +2.7% advance
• Core PCE +5.1% vs +5.2% expected
• Deflator +8.1% vs +8.0% expected
• Full report

Details:

• Net trade -3.23 pp vs of cut 3.2 pp from growth in advance
• Inventories cut -1.09 pp from GDP vs -0.84 pp in advance report

• Home investment +0.02 pp vs -0.03 pp in advance report
• Personal consumption +2.09 vs +1.83 pp advance
• Gross private domestic investment +0.10 pp vs +0.43 pp in advance
• Government spending -0.47 pp vs -0.48 pp in advance

Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term was a bit more of a drag and so was gross private investment, largely as a result of more inventory building.