Gross Domestic Product (Third Estimate) Corporate Profits (Revised Estimate) and GDP by Industry First Quarter 2023 June 29 2023 at 06:00PM Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2023 according to the "third" estimate. In the fourth quarter of 2022 real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.7 percentage point from the "second" estimate primarily reflecting upward revisions to exports and consumer spending. Profits decreased 4.1 percent at a quarterly rate in the first quarter after decreasing 2.0 percent in the fourth quarter. In the first quarter the value added of private services-producing industries increased 2.6 percent government increased 2.7 percent and private goods-producing industries decreased 0.7 percent. Overall 15 of 22 industry groups contributed to the first-quarter increase in real GDP. Full Text

Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, First Quarter 2023
Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2023, according to the "third" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.7 percentage point from the "second" estimate, primarily reflecting upward revisions to exports and consumer spending. Profits decreased 4.1 percent at a quarterly rate in the first quarter after decreasing 2.0 percent in the fourth quarter. In the first quarter, the value added of private services-producing industries increased 2.6 percent, government increased 2.7 percent, and private goods-producing industries decreased 0.7 percent. Overall, 15 of 22 industry groups contributed to the first-quarter increase in real GDP. Full Text

Published June 29, 2023 at 06:00PM
Read more at bea.gov

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2023, according to the "third" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.7 percentage point from the "second" estimate, primarily reflecting upward revisions to exports and consumer spending. Profits decreased 4.1 percent at a quarterly rate in the first quarter after decreasing 2.0 percent in the fourth quarter. In the first quarter, the value added of private services-producing industries increased 2.6 percent, government increased 2.7 percent, and private goods-producing industries decreased 0.7 percent. Overall, 15 of 22 industry groups contributed to the first-quarter increase in real GDP. Full Text June 29, 2023 at 06:00PM