(Tiper Stock Exchange) – US economic growth revised upwards in the first quarter of 2023. According to the findings of the Bureau of Economic Analysis (BEA), which today publishes the final data, the American GDP has risen by 2% on a quarterly basis, outperforming analysts’ expectations and the second estimate of +1.3% (+1.1% in the first estimate) and against +2.6% in the previous quarter.
“The increase in GDP in the first quarter he reflected increases in consumer spending, exports, state and local government spending, federal government spending, and non-residential fixed investment that were partially offset by decreases in private inventory investment and residential fixed investment,” explains the BEA.
There has been a growth of consumewhich mark a +4.2% from the +1% recorded in the previous quarter.
The PCE price indexa measure of inflation, came in at 4.1% (up from 3.7%), while the index Core PCE records a +4.9% (+5% expectations), compared to the previous +4.4%.
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