US GDP growth re-accelerates to 3.2% in Q1
America's economy grew much more quickly than anticipated at the start of the year, helped by strong contributions from household spending, exports and non-residential fixed investment.
According to the Department of Commerce, the annualised rate of growth in first quarter gross domestic product over the first three months of the year hit 3.2%.
That followed growth of 2.2% at the tail-end of 2018.
The consensus forecast had been for growth of 1.8%.
However, price pressures ebbed significantly, as the annualised rate of increase in the price index for gross domestic purchases slowed from 1.7% over the final three months of 2018 to just 0.8% in the first quarter.
On a more positive note, the personal savings rate rose from 6.8% to 7.0%.
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