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Final GDP Revision:  Where Economy is Shrinking Most

First Quarter GDP was revised to a final drop of 5.5%, slightly better than was previously reported 5.7% and the 6.1% originally reported. This comes after the final numbers for Fourth Quarter GDP was down -6.3%, the worst quarter since Q1 1982 when economic "growth" was -6.4%. This is the first streak of three negative quarters since Q1 1975.

Here is a breakdown of where the economy is shrinking, and growing, most.

  • Gross Domestic Product: -5.5%
    • Personal Consumption: +1.4%
      • Durable Goods: +9.5%
      • Nondurable Goods: -0.4%
      • Services: +0.9%
    • Private Investment: -48.9%
    • Net Exports:
      • Exports: -30.6%
      • Imports: -36.4%
    • Government Consumption: -3.1%
      • Federal: -4.5%
      • State & Local: -2.2%

Jobless claims news outweighed the improved GDP and turned the futures negative this morning. Leading the Dow in the premarkets to the downside are Bank of America , IBM , JP Morgan Chase , and Proctor & Gamble .

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bythenumbers.cnbc.com

Symbol
Price
 
Change
%Change
BAC
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IBM
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JPM MLP ETN
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PG
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