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Advance First Quarter GDP...................>

US DATA
US DATA: Advance First Quarter GDP
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- Q1 adv GDP +3.2% vs +2.3% Bloomberg and +2.0% MNI; +2.2% Q4.
- Much stronger Q1 growth due to inventories, net exports, S&L govt.
- PCE, nonresidential fixed growth slows, residential contracts gain.
- Core PCE prices +1.3% vs +1.8% in Q4; Y/Y +1.7% Q1 vs +1.9% Q4.
- Q1 headline GDP price index softer-than-expected +0.9%.
- Real final sales of domestic product +2.5% vs +2.1% Q4. 
- Real final sales to domestic purchasers +1.4% vs +2.1% in Q4.

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