Q1 GDP estimate stays stable with initial print, PCE price index adjusted up

• Q1 GDP (second estimate): +6.4% annualized vs. +6.5% consensus and initial estimate of +6.4%
• PCE price index: +3.7% vs. +3.5% previous estimate; +1.5% in previous quarter.
• Core PCE prices: +2.5% vs. +2.3% consensus and +2.3% previous estimate; +1.3% in previous quarter.
  
  
  

 

 

 

 

 

• Boosts estimate for Q4 2020 real gross domestic income to 19.4% increase, up 3.7 percentage points from its previous estimate.
• That increase resulted from a $157.8B upward revision to Q4 2020 wages and salaries growth, now estimated to be  $360.5B.