Fiper | Final GDP q/q

Gross domestic product is the broadest measure of economic activity and a key indicator of an economy's health
Annual percentage change (4X quarterly change) in GDP shows and indicates economic growth as a whole
The US economy grew at an annual rate of 1.3% on a quarterly basis in the first quarter of 2023, up slightly from the 1.1% prior estimate and the market expectation of 1.1%. Subtract private equity investment 2.1 part of GDP, just below the 2.3 point advance estimate. Also, consumer spending growth accelerated more than expected to 3.8% (versus 3.7% in the prior estimate) despite stubbornly high inflation. Upward revisions were also seen for growth in non-residential fixed investment (1.4% vs. 0.7%) and public spending (5.2% vs. 4.7%). On the other hand, fixed residential investment contracted at a faster pace (-5.4% vs -4.2% in advance estimate). Net external demand also contributed positively to the GDP as exports rose more than imports. Despite the upward revision, GDP growth for the first quarter of 2023 remains the weakest since the second quarter of 2022

Outlook for today's statement and how it will affect the currency

The expected result for today's statement is 1.4%.
A higher-than-expected reading indicates growth in the economy and was positively affected by the US dollar, while a lower-than-expected reading indicates a decline in economic growth and was negatively affected by the US dollar.