Monthly US GDP falls by 0.4% in Mar after flat Feb reading: IHS Markit

This and a few other small subtractions were partially offset by increases in non-farm inventory investment, personal consumption expenditures and non-residential fixed investment.

The level of GDP in March was 1 per cent below the first-quarter average at an annual rate. Implicit in IHS Markit’s latest forecast of 1.8 per cent GDP growth in the second quarter are increases in GDP averaging 0.3 per cent per month (not annualised) during the three months of the second quarter.

ALCHEMPro News Desk (DS)