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Q1 GDP Revised Down to 1.6% in Second Estimate

Thursday, May 28, 2026 from Floor Daily

Q1 GDP Revised Down to 1.6% in Second Estimate

Real gross domestic product (GDP) increased at an annual rate of 1.6% in Q1 2026, according to the second estimate released by the U.S. Bureau of Economic Analysis. In Q4 2025, real GDP increased 0.5%.

GDP in the first estimate for Q1 was 2.0%.

Real GDP was revised down 0.4 percentage point from the advance estimate, primarily reflecting downward revisions to investment and consumer spending.

The contributors to the increase in real GDP in Q1 were exports, investment, consumer spending and government spending. Imports, which are a subtraction in the calculation of GDP, increased.