GDP Rose 0.7% in Q1, According to Preliminary Estimate

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GDP Rose 0.7% in Q1, According to Preliminary Estimate

Washington, DC, April 28, 2017—Real gross domestic product (GDP) increased at an annual rate of 0.7% in the first quarter of 2017, according to the "advance" estimate released by the Bureau of Economic Analysis.

In the fourth quarter of 2016, real GDP increased 2.1%.

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 completedata, will be released on May 26.