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US Q1/16 GDP Revised Higher, But PCE Disappoints

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 28, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The upward revision to US first-quarter 2016 gross domestic product (GDP) growth was close to market expectations of 1.0%, although the composition was a surprise with consumer spending growth revised downward to 1.5% from 1.9% previously (consensus was up 2.0%). The downward revision to services spending was seemingly at odds[​IMG]

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