Economic Buzz: US GDP growth revised up to 2.1% in Q1

The United States gross domestic product (GDP) grew 2.1% in the first quarter of the year, the Bureau of Economic Analysis (BEA) revealed in its third estimate released on Thursday. The figure was revised up by 0.5 percentage points compared to the second preliminary report. In the fourth quarter of 2025, the US economy expanded by 0.5% on an annual basis.

The document attributed the rise in the overall figure to investment, exports, government spending, and consumer spending. On the other hand, imports decreased, which led to an upward revision compared to the previous report.

The price index for gross domestic purchases was revised down from 3.5% in the second estimate to 3.6%. The personal consumption expenditures (PCE) price index was also revised up from 4.5% to 4.6%. Excluding food and energy, the PCE price index remained unchanged at 4.4%.

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