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Jun 28, 2016

BEA News Release on June 28, 2016: BEA News: Gross Domestic Product, Q1 2016 (3rd est.); Corporate Profits, Q1 2016 (revised est.)

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product -- the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 1.1 percent in the first quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis.  In the fourth quarter of 2015, real GDP increased 1.4 percent.
 
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm