U.S. First-Quarter GDP Growth Exceeds Estimates at 1.1%

The video discusses the GDP estimates for the first quarter, highlighting the progression from an initial estimate of 0.5% to a final reading of 1.1%, driven by improvements in construction, trade, and manufacturing inventories. It also covers core personal consumption expenditures (PCE), which came in slightly below estimates at 2%. Despite these economic indicators, the futures market showed little reaction due to uncertainties surrounding Brexit.

What was the first read of the GDP for the first quarter?

How did the second read of the GDP compare to the first read?

What factors contributed to the GDP improvement mentioned in the text?

What was the core PCE quarter on quarter personal consumption rate?

What impact does Brexit have on the economic data discussed?