Q1 2009 GDP Report Misses, Drops -5.7%

Released on 5/29/2009 8:30:00 AM For Q1:09

 
Previous
Consensus
Consensus Range
Actual

Real GDP – Q/Q change – SAAR
-6.1 %
-5.5 %
-6.4 % to -5.1 %
-5.7 %

GDP price index – Q/Q change – SAAR
2.9 %
2.9 %
2.8 % to 2.9 %
2.8 %

Highlights
First quarter GDP was revised up moderately as the Commerce Department’s first revision bumped up the quarter’s growth rate to a 5.7 percent annualized decline from the initial estimate of a 6.2 percent contraction. The [...]