VTWO - U.S. Economy Posts Widespread Gains In The First Quarter
- Real GDP increased at a 6.4 percent annualized rate in the first quarter, up from a 4.3 percent pace in the fourth quarter.
- Real final sales to private domestic purchasers rose at a very robust 10.6 percent annualized rate in the first quarter, versus a 5.5 percent pace in the fourth quarter.
- Real consumer spending rose sharply, increasing at a 10.7 percent pace compared to a 2.3 percent rate in the fourth quarter. The gain was the result of rises in spending on durable goods, nondurable goods, and services.
- Consumer price measures also showed a rise. The personal consumption price index rose at a 3.5 percent annualized rate, up from a 1.5 percent pace in the fourth quarter.
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U.S. Economy Posts Widespread Gains In The First Quarter