Q1 GDP Holds at 3.1% in Third Estimate
Washington, DC, June 27, 2019-Real gross domestic product (GDP) increased at an annual rate of 3.1% in the first quarter of 2019, according to the third estimate released by the Bureau of Economic Analysis. This is the same estimate as the second estimate, released on May 30.
In the fourth quarter of 2018, real GDP increased 2.2%.
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $59.3 billion in the first quarter, compared with a decrease of $9.7 billion in the fourth quarter.