2.2%

Ouch, the expected number was 2.5%.

From CNN -

U.S. economic growth slows to 2.2% annual rate in the first quarter, government says.

Reuters: Growth slows on inventories, weak business spending

Consumer spending which accounts for about 70 percent of U.S. economic activity, increased at a 2.9 percent rate - the fastest pace since the fourth quarter of 2010.


Americans stepped up spending on automobiles in the first quarter, with motor vehicle sales rising by the most in four years.