GDP Released On 4/30/2014 8:30:00 AM For Q1a:14 Prior Consensus Consensus Range Actual Real GDP - Q/Q change - SAAR 2.6 % 1.1 % 0.5 % to 2.0 % 0.1 % GDP price index - Q/Q change - SAAR 1.6 % 1.7 % 1.4 % to 2.5 % 1.3 % Highlights Economic growth came to a standstill in the first quarter, largely due to adverse weather slowing production. First quarter GDP rose a meager 0.1 percent annualized after a 2.6 percent gain in the fourth quarter. The advance estimate fell well short of market expectations for a soft 1.1 percent rise.
Final sales of domestic demand gained 0.7 percent after a 2.7 percent boost in the fourth quarter. Final sales to domestic purchasers eased to 1.5 percent in the first quarter after a 1.6 percent increase the prior quarter.
The overall price index posted at 1.3 percent annualized, following 1.6 percent in the fourth quarter. Analysts expected 1.7 percent. Core chain prices softened to a 1.3 percent rate from 1.9 percent in the prior quarter.
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