US Q1 advance GDP +2.0% vs +2.3% expected

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Final Q4 GDP was +0.5%Consumer spending (PCE):%GDP final sales (excluding inventories) +% vs +0.3% priorGDP price index (GDP deflator): vs +3.8% expectedCore PCE (excluding food & energy): +% vs +4.1% expectedBusiness investment (nonresidential fixed investment): Contributions to GDP in percentage points:Government vs +1.03 priorNet exports vs +0.05 priorInventories + vs +0.21 priorFixed investment + vs +0.45 priorServices + vs +1.59 priorGoods vs +0.01 prior This article was written by Adam Button at investinglive.com.