Real GDP in the United States increased at an annual rate of 1.4 percent in the first quarter of 2024, down from 3.4 percent in the fourth quarter of 2023.
Compared to the fourth quarter, the deceleration in U.S. real GDP primarily reflected decelerations in consumer spending, exports, and government spending. These movements were partly offset by an acceleration in residential fixed investment. Source: Bureau of Economic Analysis, June 27, 2024