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Q1 GDP was revised down to -5.0% vs -4.8%...>

US DATA
US DATA: Q1 GDP was revised down to -5.0% vs -4.8% in advance estimate. 
-Final Sales -3.7% (Adv -4.3%)
-Prelim Corp Profits w/CCadj -8.5% Q/Q Vs 4Q -13.9%
-Change In Private Inventories -$67.2B Vs Adv -$16.3B
-Export Gap -$816.0B (Adv -$817.4B); Imports-15.5% (-15.3%)
-PCE -6.8% Vs Adv -7.6%; Govt +0.8% Vs Adv +0.7%
-Chain Weighted Price Index +1.4% Vs Adv +1.3%
-GDP Core PCE Deflator +1.6% Vs Adv +1.8%
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* Downward revision in private inventories partly offset by upward revisions in
consumer spending to -6.8% vs -7.6% and nonresidential fixed investment to -7.9%
vs advance -8.6%. 
* Within PCE, health care services were revised higher, as well as food and
beverage.
* Within private inventories, nondurable goods manufacturing and wholesale trade
inventories (led by petroleum products) were revised down. 
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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