Real gross domestic product decreased at a seasonally adjusted annual rate of 0.2% in the first quarter of 2015, the U.S. BEA published this morning. This was the third estimate for Q1, and was an improvement from the second estimate of a -0.7% rate of growth. The GDP growth rate in Q4 was 2.2% annualized.

Components of GDP by their contributions to GDP growth in Q1:

- Personal consumption expenditures: +1.43%
- Private investment: +0.40%
- Net Exports: -1.89%
- Government Consumption: -0.11%

Nominal GDP was at an annualized $17.6933 trillion in Q1, while real (inflation adjusted, 2009 chained) GDP was $16.2877 trillion.

Real GDP was up 2.9% from Q1 2014.