03:05 PM EDT, 06/25/2026 (MT Newswires) -- The third estimate of Q1 GDP showed a 2.1% gain after a 0.5% increase in the previous quarter, an upward revision from a 1.6% gain in the previous estimate.

PCE growth was revised down to a 0.5% gain from a 1.4% increase in the previous estimate, but there were upward adjustments to every other component except residential fixed investment.

Personal income was up 0.7% in May, ahead of expectations after a flat reading in the previous month, while personal consumption expenditures rose by 0.7% in May after a 0.4% increase in April.

Real PCE was up 0.3% after a flat reading in April, with the PCE price index up 0.4% for another month and the core PCE price up 0.3% again.

The PCE price index was up 4.1% year-over-year in May, faster than a 3.8% gain in the previous month and a three-year high, while core PCE price rose by 3.4% from a year ago after a 3.3% gain in April, the highest since October 2023.

Initial jobless claims decreased by 12,000 to 215,000 in the week ended June 20, but the four-week moving average rose by 750 to 224,250, a fifth straight increase.

Insured claims rose by 21,000 to 1.821 million in the employment survey week ended June 13. Insured jobless claims were at a level of 1.785 million in the employment survey week ended May 16.

Natural gas stocks rose by 76 billion cubic feet to 2.835 trillion cubic feet in the week ended June 19, down 1.7% from a year earlier but 5.7% higher than the seasonal average for the current week over the previous five years.

Durable goods new orders fell by 4.5% in May, while shipments rose by 1%. Excluding transportation, new orders were up 1.3%, and shipments rose by 0.8%.

The Kansas City manufacturing reading rose to 11 in June from 8 in May.

The Chicago National Activity Index fell below its breakeven point in May, indicating contraction in activity.

The Q2 GDP nowcast estimate from the Atlanta Fed is for a 2.5% gain, down from the previous estimate of a 3% gain.