U.S. GDP: +2.0% vs. +1.4% consensus and the previous estimate of 1.3% and 2.6% in Q4 2022.
Consumer spending was revised up to 4.2% from a prior 3.8% annual clip, explaining most of the upward increase in GDP. Exports were also a bit stronger than previously reported.
Business investment in large structures such as oil rigs or warehouses was also quite strong.
