The second report on the GDP growth during the first quarter in the United States showed a advance at 6.4% (annualized), similar to the initial estimate and slightly below the expected reading of 6.5%. In the fourth quarter the economy expanded to 4.3%.
In the first quarter, personal consumption rose 11.3%. The GDP price index was 4.3%, while the underlying spending index was 2.5% (revised from 2.3%).
At the same time, the report of durable goods orders and the requests for unemployment benefits were also published. The dollar it pulled back modestly in the market immediately after the data, but after a few seconds it changed direction and appreciated.
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