US GDP Q1 2026 grows 1.6% as exports and investment lead, consumer spending softer
TL;DR
Real GDP rose 1.6% in Q1 2026 (SAAR), revised downward from the 2.0% advance, with gains from exports, investment, consumer spending, and government outlays, offset by higher imports. Real final sales to private domestic purchasers grew 2.4%. The PCE price index increased 4.5% (4.4% ex food and energy). Real GDI rose 0.9%, and the average of real GDP and real GDI increased 1.3%. Corporate profits from current production rose by $40.4 billion in Q1. Revisions to inventories and health-care services partly explain the downgrade; tariff refunds under IEEPA do not affect GDP. Next BEA release is June 25, 2026.
- GDP (Second Estimate) and Corporate Profits, 1st Quarter 2026 U.S. Bureau of Economic Analysis (BEA) (.gov)
- GDP Growth Revised Down to 1.6% for First Quarter WSJ
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- Preview: Due May 28 - U.S. Preliminary (Second) Estimate Q1 GDP - A marginal upward revision Continuum Economics
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