US Q1 GDP Grows 1.6%; April Personal Income Declines, Spending Rises

The U.S. economy expanded by 1.6% in the first quarter of 2026, according to the Bureau of Economic Analysis. April data revealed a slight decrease in both personal income and disposable personal income. Despite this, personal consumption expenditures saw an increase of 0.5% during the same period, indicating mixed trends in consumer activity.