Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. GDP was revised higher for the first quarter of 2023 and back through 2009, the Bureau of Economic Analysis said Thursday after issuing a comprehensive revision going back to 1979. Real GDP increased 2.2% in the first quarter, 0.2 percentage point faster than earlier published. In the 2017-2022 period, it grew at an average annual rate of 2.2%, 0.1 percentage point higher, and for 2009-2019, the rate was 2.4%, revised 0.1pp higher. Real GDI at 2.3% over 2017-2022 was also 0.2 pp higher than previously published.
The BEA's third estimate of second-quarter growth was unchanged at 2.1%.
Both PCE inflation and core PCE inflation in the first quarter were revised a tenth higher to 4.2% and 5.0%, respectively.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.