The US first quarter GDP growth estimate showed expansion at an annualized rate of 2%, below the 2.7% market consensus. This represents a slowdown after having grown to 6.7% in the second quarter. ANDs the lowest growth rate since the economy expanded again after the COVID crash in the second half of 2020.
The GDP growth during the third quarter was 0.5%. An acceleration is expected for the last quarter, considering lower restrictions due to the virus, and an improvement with respect to bottlenecks in the supply chain.
The personal consumption it advanced at a rate of 1.6% (annualized), well below the 12% of the second quarter. Regarding the price indicators, the GDP deflator was 5.7%, and the underlying consumer spending index was 4.5%, in line with expectations.
At the same time, figures for requests for unemployment benefits were also published. The dollar it was not affected at the moment and the impact on the market is being limited.
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