Final Reading of U.S. GDP Data Surprises Markets: The final reading of the U.S. GDP data, released by the Bureau of Economic Analysis on Thursday,
showed that the GDP growth rate for the first quarter of this year was revised upward, aligning with market expectations.
Content
Details
Details
The data revealed that the U.S. GDP grew by 1.4% in the first quarter,
matching the anticipated 1.4% growth, up from the initial 1.3% growth reported for the previous quarter.
The GDP price index also grew by 3.1% in the first quarter, slightly above market expectations of 3.0%.
The press release highlighted that the increase in real GDP primarily reflected rises in consumer spending,
fixed residential investment, non-residential fixed investment, and state and local government spending,
partially offset by a decline in private inventory investment and an increase in imports.
Markets closely watch GDP data, which provides a clearer picture of the U.S. economy’s quarterly performance.
Positive data exceeding market expectations generally has a favorable impact on the dollar,
while lower-than-expected readings can negatively affect it.
Final Reading of U.S. GDP Data Surprises Markets