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U.S. First-Quarter GDP Revised Down to 1.6 Percent

Government data showed slower growth than previously estimated for January through March. The revision reflects weaker consumer spending and business investment.

MA
MarketWatch
2 sources·May 28, 1:51 PM(1 day ago)·1m read
U.S. First-Quarter GDP Revised Down to 1.6 PercentMarketWatch
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S. 6 percent. The new figure is below the initial reading released last month. It marks the slowest pace since the fourth quarter of 2023.

1 percent. Business investment also came in softer than first reported. Government data showed exports grew more slowly while imports rose faster than previously calculated. Inventory accumulation subtracted from growth rather than adding to it.

The revision aligns with other recent indicators that showed cooling demand in early 2026. Retail sales figures for March came in below forecasts last week. Economists surveyed by MarketWatch had expected a modest downward adjustment but not to this degree. S. economy wasn’t all that great in the first three months of the year. But it wasn’t terrible, either.

Key Facts

1.6 percent
revised annual growth rate for Q1 2026
1.8 percent
revised consumer spending growth rate
Fourth quarter 2023
last time growth was this slow
economygdpunited-states

Story Timeline

2 events
  1. May 28, 2026

    Commerce Department released revised first-quarter GDP figure of 1.6 percent.

    2 sourcesMarketWatch · MarketWatch
  2. April 2026

    Initial first-quarter GDP estimate showed higher growth rate.

    2 sourcesMarketWatch · MarketWatch

Potential Impact

  1. 01

    Federal Reserve may adjust interest-rate path based on slower growth data.

  2. 02

    Businesses could delay capital spending plans amid softer demand signals.

Transparency Panel

Sources cross-referenced2
Confidence score70%
Synthesized bySubstrate AI
Word count126 words
PublishedMay 28, 2026, 1:51 PM
Original Sources
@MarketWatchFirst-quarter GDP chopped to 1.6%.MarketWatchFirst-quarter GDP chopped to 1.6%. Here’s why — and what it tells us about the economy.

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