Home » USA: 1st quarter GDP growth confirmed at + 6.4%. May durable goods orders disappointing

USA: 1st quarter GDP growth confirmed at + 6.4%. May durable goods orders disappointing

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In the first quarter of 2021, the gross domestic product of the United States grew by 6.4%. This is what the US Commerce Department confirmed, publishing the latest revision of the data.

Also released today is the preliminary figure for durable goods orders which, in May, rose 2.3% compared to April, or $ 5.7 billion, to $ 253.5 billion. Analysts had forecast higher growth, equal to + 2.7%, after the decline of 0.8% in April.

Excluding the defense sector, new orders rose 1.7%.

Orders for capital goods excluding the defense and aviation sector fell by 0.1%, compared to the + 0.6% expected increase, and compared to + 2.7% in April (figure revised upwards from +2.2 % initially disclosed).

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