Chart of the Day: GDP Growth in Q1

Real GDP grew 3.2 percent in the first quarter:

Consumer spending was weak in the first quarter but fixed investment was strong. Production of goods was actually negative for the quarter, but was made up for by services, fixed investment, and extraordinarily strong net exports. The federal government contributed zero to the increase in GDP.

The PCE price index plummeted to 0.6 percent in the first quarter. Inflation is obviously very well under control.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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