The 2.3 percent growth rate may not have looked like anything spectacular, but it was the first time the first quarter
beat economist expectations since 2008, according to Bespoke Investment Group.
Not exact matches
The official purchasing managers» index released today for November jumped to
beat economists»
expectations, while a measure of non-manufacturing sectors of construction and consumer services hit its highest mark since mid-2014.
Prior to the release
economists had forecast 0.4 % growth, representing a slowdown from the 0.7 % figure seen in the final quarter of 2016, a number that
beat all
expectations.
According to the December jobs report, average hourly earnings grew by 2.9 %, a new post-crisis high and slightly
beating the Bloomberg
economists» consensus
expectation of 2.8 %.