Real Q1 GDP 0.2% vs. Consensus 1.0%; Disaster in the Details

Let’s dive into the First Quarter 2015 (Advance Estimate) report for details. The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending

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Real Q1 GDP 0.2% vs. Consensus 1.0%; Disaster in the Details