Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Real GDP Contracts in Q1
Gross domestic product for the United States posted its first negative print since the second quarter of 2020. Coming in at negative 1.4% annualized, this was a big miss relative to analysts’ expectations of an increase of 1.1%. Looking closely at the numbers, the contraction was a result of a drawdown in inventories, continued strong demand for imported goods and lack of demand for exports. Consumption, a good indicator of economic health, maintained its strength.
Get the latest posts straight to your inbox