Gdp Ep 347 Upd Official

Published: May 2, 2026 | Economics Analysis Desk

| Metric | Previous Estimate (EP 346) | | Revision | |--------|----------------------------|-------------------------------|----------| | Real GDP Growth (Annualized, QoQ) | +2.1% | +1.8% | -0.3 pp | | Nominal GDP (Current USD) | $28.65 trillion | $28.59 trillion | -$60 billion | | Core PCE Price Index (Inflation) | +3.2% | +3.4% | +0.2 pp | | Consumer Spending Contribution | +1.5% | +1.2% | -0.3 pp | | Net Exports (Drag) | -0.8% | -1.0% | -0.2 pp | gdp ep 347 upd

| Release Code | Revision Size | Direction | Economic Context | |--------------|---------------|-----------|------------------| | EP 342 | -0.1 pp | Down | Post-holiday slowdown | | EP 343 | +0.2 pp | Up | Strong capex spending | | EP 344 | -0.1 pp | Down | Weather-related disruptions | | EP 345 | 0.0 pp | Neutral | In-line with expectations | | EP 346 | -0.2 pp | Down | Consumer credit tightening | | | -0.3 pp | Down | Trade & inventory drag | Published: May 2, 2026 | Economics Analysis Desk

A: The full tables are available on the Bureau of Economic Analysis (BEA) website, under “Gross Domestic Product, 1st Quarter 2026 (Second Estimate).” Search for “BEA GDP EP 347.” A: Not yet

But what exactly is GDP EP 347 UPD? Why is it causing ripples across financial markets? And what do the updated figures mean for interest rates, employment, and the average consumer?

A: Not yet. Most definitions require two consecutive quarters of negative GDP growth. +1.8% is positive, albeit slow. However, the trend (downward revisions in three of the last four releases) is concerning.