29 May 2025 | 12:05PM EDT USA: Q1 GDP Revised Up but Revision Details Softer; Initial Claims Rise BOTTOM LINE: Q1 GDP growth was revised up 0.1pp to -0.2% (quarter-over-quarter annualized). The details of the revision were softer, however, as real domestic final sales growth was revised down 0.3pp, mostly reflecting a 0.6pp downward revision to consumer spending growth. The contribution of inventory accumulation to GDP growth was revised up 0.3pp to 2.6pp. We continue to see the headline Q1 GDP growth readi ...