Yep, once again they have to revise the numbers to reflect reality after the fact.
First-quarter GDP growth revised down to 1.3% rate
The economy expanded at a 1.3% seasonally adjusted annual rate in the first quarter of this year, a downward revision of three-tenths of a percentage point.
Economists had expected the revision to show GDP growth pruned to 1.2%.
The latest update, the second of three, shows that first-quarter GDP growth was lower than the preceding quarter’s 3.4% clip.
The Bureau of Economic Analysis updates its GDP estimates over the course of several weeks as analysts get a better picture of how the economy performed during the first quarter.
The first quarter’s GDP reading is also a decline from all of 2023, when the economy expanded a healthy 2.5%.
www.washingtonexaminer.com
First-quarter GDP growth revised down to 1.3% rate
The economy expanded at a 1.3% seasonally adjusted annual rate in the first quarter of this year, a downward revision of three-tenths of a percentage point.
Economists had expected the revision to show GDP growth pruned to 1.2%.
The latest update, the second of three, shows that first-quarter GDP growth was lower than the preceding quarter’s 3.4% clip.
The Bureau of Economic Analysis updates its GDP estimates over the course of several weeks as analysts get a better picture of how the economy performed during the first quarter.
The first quarter’s GDP reading is also a decline from all of 2023, when the economy expanded a healthy 2.5%.
First-quarter GDP growth revised down to 1.3% rate - Washington Examiner
GDP expanded at a 1.3% seasonally adjusted annual rate in the first quarter of this year, the Bureau of Economic Analysis reported in a downward revision.
www.washingtonexaminer.com