Details of the Q1 2016 US GDP second estimate 27 May 2016
1st est 0.5%
Personal consumption 1.9% vs 2.1% exp. Prior 1.9%
Core PCE 2.1% vs 2.1% exp. Prior 2.1%
Sales 1.0% vs 1.1% exp. Prior 0.9%
Exports -2.0% vs -2.6% prior
Imports -0.2% vs 0.2% prior
The good news is the higher revision, which should make up for the expectation miss. Whether it's enough to keep buck traders happy is another matter.
US GDP details
The biggest negative is the additional fall in business investment. At 0.8% the US has got to go some guns to hit the Fed's GDP estimates for this year.
Also released was Q1 corporate profits which rose 0.6% vs -8.4% prior
US GDP
