US real GDP increased at an annual rate of 2.3% in Q1 2018

According to the "advance" estimate released this Friday by the Bureau of Economic Analysis, the real gross domestic product (GDP) increased at an annual rate of 2.3% in the first quarter of 2018.

Key highlights:

   •  GDP Price Index (Q/Q) Q1 at 2.0%; prev 2.3%
   •  US Personal Consumption (Q/Q) Q1 1.1%; prev 4.0%
   •  Core PCE (Q/Q) Q1 2.5%; prev 1.9%
   •  US Employment Cost Index Q1 0.8%; prev 0.6%