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U.S. Q1 GDP growth revised to up 1.2% vs. forecast 0.9%

Published 05/26/2017, 08:51 AM
Updated 05/26/2017, 08:51 AM

Investing.com – U.S. first quarter GDP growth revised upwards more than expected, official data Friday showed.
The Bureau of Economic Analysis said GDP rose an annual 1.2% in Q1 after initial reading of 0.7%.
The consensus forecast was for first quarter GDP to be revised upward to 0.9%.
In the fourth quarter of 2016, real U.S. GDP was up an annual 2.1%.
The GDP price index initial reading of 2.2% was confirmed when it was forecast to rise to 2.3%.
Thedollar index was up 0.11% at 97.25 after the data.

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