US Q1 2018 GDP 2nd estimate 2.3% vs 2.3% exp y/y ann

Q1 2018 US GDP 2nd estimate 30 May 2018

Prior 2.3%
Consumer spending 1.0% vs 1.1% prior
Sales 2.0% vs 2.0% exp. Prior 1.9%
PCE 2.6% vs 2.7% exp/prior
Core PCE 2.3% vs 2.5% exp/prior
Deflator 1.9% vs 2.0% exp/prior
Corp profits 5.9% vs 1.7% prior
Exports 4.2% vs 4.8% prior
Imports 2.8% vs 2.6% prior

A touch soft on the headline and the PCE numbers but spending holds up and sales improve. Good jump in corp profits. A decent jump also in Business investment of 9.2% vs 6.1% prior and 6.8% in Q4. Government spending could do a bit better and housing investment was down vs the flash number.