AI Data Insight
In Q1 2026, the contribution of US services imports to GDP dropped to -0.19%, further expanding the negative drag from -0.11% in the previous quarter. Although the Q1 economic growth rate reached 2.0%, benefiting from AI investments and a rebound in government spending, the performance still fell short of the market expectation of 2.3% due to a surge in total imports driven by potential tariffs. Moving forward, close attention must be paid to import momentum after the tariff effects fade and the suppression of domestic demand by high inflation.