First quarter GDP is revised down to 3.1%

Real gross domestic product increased at an annual rate of 3.1% in Q1 of 2019, according to the second estimate released by the U.S. Bureau of Economic Analysis. Here are updates to the previous estimate: -Real GDP: Increased to 3.1% -Current-dollar GDP: Increased to 3.6% -Real GDI: 1.4% – Average of Real GDP and Real GDI: 2.2% – Gross domestic purchase price index: Decreased to 0.7% – Personal consumption expenditures: Decreased to 0.4%.