U.S. economic growth in the first three months of the year came in line with expectations, according to a report released by the Commerce Department on Thursday, with the pace of growth unrevised from the previous estimate.
The Commerce Department said that GDP increased at an annual rate of 1.9 percent in the first quarter compared to the 3.0 percent growth seen in the fourth quarter. The unrevised pace of growth came in line with the expectations of economists.
Downward revisions to exports, consumer spending, and private inventory investment were offset by an upward revision to non- residential fixed investment and a downward revision to imports, which are a subtraction in the calculation of GDP.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.