U.S. Bureau of Economic Analysis Reports GDP Increase in Q1 of 2018
The U.S. Bureau of Economic Analysis (BEA) reported this week that real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the first quarter of 2018. In the fourth quarter of 2017, real GDP increased 2.9 percent.
Real gross domestic income (GDI) increased 2.8 percent in the first quarter, compared with an increase of 1.0 percent (revised) in the fourth quarter. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 2.5 percent in the first quarter, compared with an increase of 2.0 percent in the fourth quarter.
The full release can be found here: www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm.