GDP Rose 0.5% in Q1, According to BEA Advance Estimate
Washington, DC, April 28, 2016—Real
gross domestic product—the value of the goods and services produced by the
nation’s economy less the value of the goods and services used up in
production, adjusted for price changes—increased at an annual rate of 0.5% in
the first quarter of 2016, according to the advance estimate
released by the Bureau of Economic Analysis.
In the fourth quarter, real GDP increased
The Bureau emphasized that the
first-quarter advance estimate released today is based on source data that are
incomplete or subject to further revision by the source agency. The "second"
estimate for the first quarter, based on more complete data, will be released
on May 27.