(CercleFinance.com) – Real GDP growth in the United States for the first quarter of 2023 has been revised to 1.3% at an annualized rate, compared to 1.1% in the very first estimate, thus marking a less significant slowdown compared to 2.6% in the last quarter of 2022.
“This upward revision of 0.2 percentage points compared to the ‘advanced’ estimate mainly reflects a positive revision in inventory investment,” explains the Department of Commerce which publishes these figures.
Elsewhere, the rise in the PCE price index was confirmed at 4.2% in raw data for the first quarter, but was revised up by 0.1 point to 5%, if prices are excluded. food and energy.
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