CHART: Here's What Added And Subtracted From Q1 GDP

Q1 GDP plunged 2.9%, the worst reading since 2009.

Reuters’ Vincent Flasseur has provided a breakdown of how GDP’s components fared. The real damage came in inventories, or stocks, which fell 1.7%; and trade balance, which had been foreshadowed by surging imports and flagging exports, contributing a loss of 1.5%.

We also noted earlier how a drop in healthcare spending stifled consumption.

Check it out:

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.