US Q1 2018 GDP final 2.0% vs 2.2% exp q/q ann

Q1 2018 US GDP final report 28 June 2018

Flash 2.3%. 2nd est 2.3%
Q4 2017 2.3%
Consumer spending 0.9% vs 1.0% exp. Prior 1.0%
PCE final 2.5% vs 2.6% exp. Prior 2.6%
Core PCE 2.3% vs 2.3% exp. Prior 2.3%
Exports 3.6% vs 4.2% prior
Imports 3.2% vs 2.8% prior

Softer. Considering we’re just ending Q2 there’s not going to be too much focus on this data but it is much softer. There’s mixed news in the numbers. A decent gain for business investment, which finished up 10.4% vs the 9.2% estimate, and the 6.4% in Q4 2017. Household investement remained down but at -1.1% vs the -2.0% prior. Government spending was up a touch too.