AI Data Insight
In the first quarter of 2026, the annualized quarter-over-quarter growth rate of nondurable goods in US real GDP slid from 0.4% in the previous quarter to -0.2%, officially turning to negative growth. Although overall GDP grew by 2.0% in the first quarter, rising energy prices and overall inflation have significantly eroded terminal consumption power, leading to a decline in nondurable goods spending. Whether inflation persists in the coming months will be a key risk affecting the recovery of consumption.