U.S. First-Quarter Growth Revised Down to 1.6%, Corporate Profits Rise $40.4 Billion
On May 28, 2026, the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) released its second estimate of first-quarter 2026 gross domestic product: real GDP grew at an annual rate of 1.6%, revised down 0.4 percentage point from the advance estimate of 2.0%, mainly on downward revisions to investment and consumer spending. Real GDP had grown 0.5% in the fourth quarter of 2025.
The BEA also reported that real gross domestic income (GDI) rose 0.9% in the first quarter, putting the average of real GDP and real GDI growth at 1.3%. Corporate profits from current production increased $40.4 billion in the first quarter, compared with an increase of $246.9 billion in the prior quarter.
The BEA said tariff refunds related to court rulings are treated as capital transfers in the national accounts and do not affect first-quarter GDP.
Related: U.S. Payrolls Rise 115,000 in April as Jobless Rate Holds at 4.3 Percent
Source: U.S. Bureau of Economic Analysis
Published by GSM · USA (original Chinese edition)
Photo: 图：位于美国华盛顿的美国商务部赫伯特·胡佛大楼，经济分析局隶属商务部（资料照片）。Carol M. Highsmith 摄，公共领域，经 Wikimedia Commons；联邦固定图库标准图。 / Photo: The Herbert C. Hoover Building, headquarters of the U.S. Department of Commerce, which includes the Bureau of Economic Analysis, in Washington, D.C. (file photo). Photo by Carol M. Highsmith, public domain, via Wikimedia Commons; federal fixed-library image.
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