Revised GDP: In-line, Modestly Healthier

Posted May 30, 2013 by rvillareal

As expected, revised first-quarter GDP data show minimal restatements, with the overall growth figure cut to 2.4% from 2.5% (Consensus and Decision Economics: +2.5%), but with the composition “healthier,” in  showing final sales stronger (+1.8%, instead of +1.5%) and inventory accumulation a bit less heavy (Contributing 0.6 point to overall growth, instead of 1.0 point).