Real gross domestic product (GDP) in the U.S. increased at an annual rate of 1.4% in the first quarter of 2017, according to the latest estimate released by the Department of Commerce. In the fourth quarter of 2016, real GDP increased 2.1%.
The GDP estimate released now is based on more complete source data than were available for the last estimate, 1.2%, issued last month. In the original estimate, GDP was reported to have grown 0.7% in the first quarter. With this latest estimate for the first quarter, personal consumption expenditures (PCE) and exports increased more than previously estimated, but the general picture of economic growth remains the same.