US GDP Growth Revised Down to 1.6% on Weaker Spending and Investment
The Bureau of Economic Analysis revised down its advance estimate of U.S. GDP growth for the first quarter of 2026 by 0.4 percentage points to 1.6%, citing weaker consumer spending and corporate investment.
Key facts
- GDP growth revised down to 1.6%
- Reduction of 0.4 percentage points from advance estimate
- Bureau of Economic Analysis made the revision
- Weaker consumer spending cited as a factor
- Slower corporate profits contributed to the revision
Entities
Institutions
- Bureau of Economic Analysis
Locations
- United States
Sources
- Quartz —