The 2020 Mid-Year Economic Update_long

Advance Estimate: Real GDP Grew at 0.1% Annual Rate in First Quarter

In the fourth quarter, real GDP increased 2.6 percent.

Real gross domestic product – the output of goods and services produced by labor and property — located in the U.S. – increased at an annual rate of 0.1 percent in the first quarter of 2014 (that is, from the fourth quarter to the first quarter), according to the advance estimate released by the Bureau of Economic Analysis. 

In the fourth quarter, real GDP increased 2.6 percent.

The Bureau emphasized that the first-quarter advance estimate released is based on source data that are incomplete or subject to further revision by the source agency. The second estimate for the first quarter, based on more complete data, will be released on May 29, 2014.

The increase in real GDP in the first quarter primarily reflected a positive contribution frompersonal consumption expenditures (PCE) that was partly offset by negative contributions from exports,private inventory investment, nonresidential fixed investment, residential fixed investment, and state and local government spending.  Imports, which are a subtraction in the calculation of GDP, decreased.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.