Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2025
Source: Bureau of Economic Analysis
May 29, 2025
Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), 1st Quarter 2025
Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2025 (January, February, and March), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment, consumer spending, and exports.
Read more: https://www.bea.gov/news/2025/gross-domestic-product-second-estimate-corporate-profits-preliminary-estimate-1st-quarter
I'm not sure why the BEA goes into a discussion of the PCE. I thought that information was scheduled to be released tomorrow.
https://www.democraticunderground.com/1116100555
________
The advance estimate of the GDP was released on April 30.
April 30
8:30 AM
News
Gross Domestic Product, 1st Quarter 2025 (Advance Estimate)
April 30
10:00 AM
News
Personal Income and Outlays, March 2025
-________
EMBARGOED UNTIL RELEASE AT 8:30 a.m. EDT, Thursday, May 29, 2025
BEA 25--18
Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), 1st Quarter 2025
Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2025 (January, February, and March), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent.
Real GDP: Percent change from preceding quarter
The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment, consumer spending, and exports.
Real GDP was revised up 0.1 percentage point from the advance estimate, reflecting an upward revision to investment that was partly offset by a downward revision to consumer spending. For more information, refer to the "Technical Notes" below.
Contributions to Percent Change in Real GDP, 1st Quarter 2025
Compared to the fourth quarter, the downturn in real GDP in the first quarter primarily reflected an upturn in imports, a deceleration in consumer spending, and a downturn in government spending that were partly offset by upturns in investment and exports.
Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment, increased 2.5 percent in the first quarter, revised down 0.5 percentage point from the previous estimate.
The price index for gross domestic purchases increased 3.3 percent in the first quarter, revised down 0.1 percentage point from the previous estimate. The personal consumption expenditures (PCE) price index increased 3.6 percent, the same as previously estimated. Excluding food and energy prices, the PCE price index increased 3.4 percent, revised down 0.1 percentage point from the previous estimate.
Quarter-to-Quarter Change in Prices
Real gross domestic income (GDI) decreased 0.2 percent in the first quarter, in contrast to an increase of 5.2 percent in the fourth quarter.
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $118.1 billion in the first quarter, in contrast to an increase of $204.7 billion in the fourth quarter.
{snip stuff}
Next release:
June 26, 2025, at 8:30 a.m. EDT
Gross Domestic Product (Third Estimate)
Corporate Profits (Revised Estimate)
Gross Domestic Product by Industry
1st Quarter 2025
{snip more stuff}

BumRushDaShow
(153,696 posts)CNBC, Bloomberg, MarketWatch, Yahoo! Finance (a recent one that blaps breakings all day and night) or Barrons, had a peep about this.
And good morning!
Prairie Gates
(5,143 posts)Midnight Writer
(24,085 posts)Must have been catastrophic.
progree
(11,957 posts)Last edited Thu May 29, 2025, 08:55 PM - Edit history (1)
while the one to be released tomorrow, Friday, is for April,
ETA- and they keep revising the prior few months. Every time I do the monthly update, I find the prior 4 months revised, sigh.