BEA News: Gross Domestic Product, First Quarter 2023 (Advance Estimate)

Thursday, April 27, 2023

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023, according to the “advance” estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The increase in the first quarter primarily reflected an increase in consumer spending that was partly offset by a decrease in inventory investment.

The full text of the release can be found at: www.bea.gov/news/2023/gross-domestic-product-first-quarter-2023-advance-estimate