United States first quarter GDP growth misses expectations with 1.6 percent preliminary reading

May 28, 2026, 12:34:08 PM UTC(5 hours ago)
Impact: High
United States first quarter GDP growth misses expectations with 1.6 percent preliminary reading

Affected Assets

  • The 1.6 percent preliminary growth rate for the first quarter of 2026 fell short of the 2.0 percent consensus forecast among economists
  • Economic performance was impacted by a significant deceleration in consumer spending compared to previous quarters
  • A rebound in government spending and exports provided a partial offset to the softening private demand
  • Market analysts noted that the core of the economy remains solid despite the headline miss, supported by ongoing investment in technology and infrastructure
  • The reading represents a significant acceleration from the 0.5 percent growth recorded in the final quarter of 2025

Sources

@DeItaoneBureau of Economic AnalysisUSA TodayTrading EconomicsInvesting.com
From:@DeItaone
US PRELIM Q1 GDP +1.6% (CONSENSUS +2.0%)
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