Q1 GDP Revised Down to 1.6% in Second Estimate

Washington, DC, May 28, 2026-Real gross domestic product (GDP) increased at an annual rate of 1.6% in Q1 2026, according to the second estimate released by the U.S. Bureau of Economic Analysis. In Q4 2025, real GDP increased 0.5%.

The contributors to the increase in real GDP in Q1 were exports, investment, consumer spending and government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Real GDP was revised down 0.4 percentage point from the advance estimate, primarily reflecting downward revisions to investment and consumer spending.