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Home » US GDP growth was slower last quarter on soft consumer spending

US GDP growth was slower last quarter on soft consumer spending

GDP rose 1.3% annualized in the first three months of the year

Bloomberg NewsbyBloomberg News
September 18, 2024
in Risk Management
Reading Time: 3 mins read
0
A worker on the assembly line at a car manufacturing facility in San Antonio, Texas.

(Photo/Bloomberg) Photographer: Luke Sharrett/Bloomberg

The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods. . Gross domestic product rose 1.3% annualized in the first three months of the year, below the previous estimate of 1.6%, Bureau of Economic Analysis figures published Thursday showed. . The economy’s main […]

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