Final sales, a guide to demand in the economy, increased 3.2 percent, slower than the 3.7 percent previously estimated. Final sales had surged 3.8 percent in the fourth quarter.
Business investment rose 5.3 percent, a little slower than the 5.8 percent earlier estimated. In the previous quarter, investment had jumped 10.9 percent.
Consumer spending increased 3.8 percent, barely changed from the earlier estimate of 3.9 percent growth and still substantially higher than the fourth-quarter growth of 3.2 percent.
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