GDP Guidance

The third and final estimate of 17Q1 GDP growth came in Thursday morning at 1.4%, a month ago the second estimate was 1.2% and two months ago the first estimate was just 0.8%; quite a difference. Three months after 17Q1 ended, the data is still being updated/revised. The moral, don’t take initial results as gospel and don’t overreact! Look at trends and look at other related data before drawing conclusions.