Xinhua News Agency, Washington, May 27 (Reporter Xu Yuan Gaopan) The revised data released by the US Department of Commerce on the 27th showed that the US GDP in the first quarter of this year increased by 6.4% at an annual rate, which was the same as the initial data.
The data released on the same day showed that in the first quarter of this year, US consumer spending and non-residential fixed-asset investment increased from the initial value, while exports and private inventory investment decreased from the initial value.
Among them, personal consumption expenditure, which accounts for about 70% of the US economy, increased by 11.3%, and non-residential fixed asset investment, which reflects the investment status of enterprises, increased by 10.8%; exports fell by 2.9%.
In addition, due to the launch of a number of federal spending plans for the new crown epidemic, federal government spending rose sharply by 13.9% during the quarter, which was the same as the initial data.
The US Department of Commerce usually estimates quarterly economic data three times based on continuously improving information.
The final value of economic data for the first quarter of this year will be announced on June 24.