{"id":17702,"date":"2026-06-25T13:01:34","date_gmt":"2026-06-25T13:01:34","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=17702"},"modified":"2026-06-25T13:01:34","modified_gmt":"2026-06-25T13:01:34","slug":"us-economy-expanded-at-solid-2-1-pace-in-january-march-government-says-upgrading-last-estimate","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=17702","title":{"rendered":"US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate"},"content":{"rendered":"
\n

By PAUL WISEMAN, AP Economics Writer<\/strong><\/p>\n

WASHINGTON (AP) \u2014 The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.<\/p>\n

Read more Key inflation gauge jumps to 3-year high in latest sign of affordability challenges<\/a><\/p>\n

The growth in gross domestic product \u2014 the nation\u2019s output of goods and services \u2014 marked a rebound from a sluggish 0.5% in the last three months of 2025 when a 43-day federal government shutdown weighed on the economy. Thursday\u2019s numbers were an upgrade from of Commerce\u2019s previous first-quarter estimate of 1.6% growth.<\/p>\n

Business investment surged, probably reflecting an investment boom in\u00a0artificial intelligence. But\u00a0consumer spending, which accounts for around 70% of U.S. economic activity, fell sharply from fourth-quarter 2025 and from Commerce\u2019s previous estimate in a sign that consumers may be cutting back in the face of higher gasoline prices caused by the war with Iran.<\/p>\n

Excluding housing, private investment jumped 10.6%, up from 2.4% in fourth-quarter 2025. But residential investment, weighed down by high interest rates, dropped 7.8% from January through March, biggest fall since late 2022 and the fifth straight quarterly decline.<\/p>\n

Read more Snap sued over rape of minor who connected to adult attacker on Snapchat<\/a><\/p>\n

The federal government\u2019s spending and investment rose at a 9.4% clip in the first quarter after dropping 16.6% in October-December 2025 largely because of the government shutdown.<\/p>\n

The U.S. economy \u2014 the world\u2019s biggest \u2014 has continued to chug along despite the Iran energy shock. The American job market has proven especially resilient. Employers added an average 188,000 jobs a month from March through May after adding fewer than 10,000 a month in 2025 amid uncertainty over President Donald Trump\u2019s trade and immigration policies.<\/p>\n

Thursday\u2019s report was the Commerce Department\u2019s third and final estimate of first-quarter GDP growth. The first look at second-quarter economic growth is due July 30.<\/p>\n

Read more Trump\u2019s showdown with Republican Sen. Cassidy: Inside the blow-up on Capitol Hill<\/a><\/p>\n

\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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