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US Monthly GDP Index for March 2021
Monthly GDP rose 2.6% in March, more than reversing a 1.4% decline in February. The increase in March was mostly accounted for by a sharp rise in personal consumption expenditures, although other positive contributions originated in nonresidential fixed investment, residential fixed investment, and the portion of monthly GDP not covered by the monthly source data. Net exports and inventory investment both declined in March. The level of monthly GDP in March was only 0.4% below the February 2020 level (the pre-pandemic peak). We currently expect GDP to surpass the pre-pandemic peak this month.IHS Markit's index of ... (full story)