U.S. First-Quarter GDP Revised Up to 2.1% Growth in Third Estimate, Corporate Profits Rise $74.4 Billion
Real gross domestic product increased at an annual rate of 2.1 percent in the first quarter of 2026, according to the third estimate released by the U.S. Bureau of Economic Analysis (BEA) on June 25, 2026. The figure was revised up 0.5 percentage point from the second estimate of 1.6 percent, after an advance estimate of 2.0 percent, and followed growth of 0.5 percent in the fourth quarter of 2025.
BEA said the upward revision primarily reflected a downward revision to imports, which are a subtraction in the calculation of GDP, partly offset by a downward revision to consumer spending. The contributors to the increase in real GDP were investment, exports, government spending and consumer spending, while imports increased. Real gross domestic income increased 1.2 percent, and real final sales to private domestic purchasers increased 1.7 percent, revised down 0.7 percentage point.
Profits from current production increased $74.4 billion in the first quarter, a figure revised up $34.0 billion from the previous estimate. The price index for gross domestic purchases increased 3.6 percent, the PCE price index increased 4.6 percent, and the PCE price index excluding food and energy increased 4.4 percent, all at quarterly annualized rates.
In the state data released the same day, real GDP increased in 46 states and the District of Columbia, ranging from growth of 4.5 percent in Washington state to a decrease of 1.6 percent in South Dakota, with Delaware unchanged. Current-dollar personal income increased $222.6 billion, or 3.4 percent at an annual rate, rising in 49 states and the District of Columbia.
Related: U.S. First-Quarter Growth Revised Down to 1.6%, Corporate Profits Rise $40.4 Billion
Source: U.S. Bureau of Economic Analysis
Published by GSM · USA (original Chinese edition)
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