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US economy grew at 3.2% APR in 1Q2019 exceeding expectations
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29 April 2019 (Edited )

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US BEA

On Friday US BEA released an Advance Estimate of US GDP growth for 1Q2019 of 3.2% ADR, despite the government being shut down for part of the quarter.

The new quarterly growth estimate follows a 2.2% growth in 4Q2018.

Contributing factors to the 1Q2019 growth include:

  • Increased personal consumption expenditures
  • Inventory investment
  • Exports
  • State and local government spending

Tourism makes significant contributions to both personal consumption (by domestically-touring Americans) and exports (to inbound international travelers).


David Boggs President/CEO ACRO Global|Publisher Tourism Marketer
David H. Boggs
President/CEO
ACRO Global
Publisher
TourismMarketer

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