US Q1 GDP, Personal Consumption Growth Revised Lower in Second Estimate

09:00 AM EDT, 05/28/2026 (MT Newswires) -- US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate.

There was no revision expected in a survey compiled by Bloomberg as of 7:00 am ET.

GDP rose by 0.5% in Q4.

Personal consumer expenditures rose by 1.4% after a 1.9% gain in Q4, a downward revision from a 1.6% gain in the advance estimate.

There were also negative adjustments to nonresidential fixed investment and inventories that were partially offset by upward revisions to residential fixed investment and net exports. Government spending growth was unrevised.

The GDP price index rose by 3.5%, revised down from a 3.6% gain in the advance reading, with the overall PCE price reading unrevised at a 4.5% gain and core PCE price reading revised up slightly to a 4.4% increase from 4.3% in the advance estimate.

The third estimate of Q1 GDP is scheduled to be released on June 25.

The quarterly measure of gross domestic product, or GDP, is released by the US Bureau of Economic Analysis at three stages, with the advance reading about a month after the end of a quarter, followed by second and third readings for the same quarter two and three months after quarter-end.

The data are broken down by each of the GDP components: consumption, fixed investment (which includes residential and nonresidential investment and inventories), government spending, and net exports (exports minus imports). The report also includes prices measures for the overall reading and the categories.

Strong GDP growth is a positive for stocks, but a negative for bonds, especially if it is accompanied by sharp inflation gains.

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