Real GDP – US

What’s happening right now

• GDP growth is picking up versus last quarter.
• Growth is running above its recent pace.
• The biggest boost came from Real PCE, nondurable goods (chained 2017 dollars, SAAR).
• The biggest drag came from Real federal government consumption expenditures and gross investment (chained 2017 dollars, SAAR).
• The change is spread across multiple areas, which tends to be more durable.

Why it matters

• When growth firms up, businesses tend to keep hiring and investing, which supports incomes.
• A broader driver mix reduces the risk that one sector reversal changes the whole picture.
• Multiple areas are subtracting from growth, which can show up as softer demand.

What this likely means over the next 3 months

• More likely: activity stays firm near-term, unless a key driver reverses.
• Less likely: a sudden slowdown, unless job or credit data weaken quickly.
• Pressure building: watch whether the broad support continues or starts to narrow.

How this affects everyday decisions

What to watch next (early signals)