The Bureau of Economic Analysis revised its estimate of real first-quarter 2016 U.S. gross domestic product based on more complete source data, raising GDP growth to 0.8% from the initial estimate of 0.5%. the second of three that the bureau will generate. In the fourth quarter, real GDP increased 1.4 percent.
One category of economic activity that the BEA tracks is investment in nonresidential structures. In the first estimate, investment in that category was down by an annualized 10.7%, but the second estimate measured the drop at 8.9%.
