Investing.com – U.S. Q1 preliminary GDP growth was weaker than expected, preliminary official data Friday showed.[:en]
The Bureau of Economic Analysis said GDP rose an annual 0.7% in Q1.
The consensus forecast was for first quarter GDP to rise at an annual rate of 1.2%.
In the fourth quarter of 2016, real U.S. GDP was up an annual 2.1%.
Real consumer spending was up 0.3% in the quarter vs. estimate of 0.9%
Consumer spending in the fourth quarter was up 3.5%.
Thedollar index was down 0.30% at 98.72 after the data.[:]