Real GDP was revised up to a 1.4% pace for the first quarter, 0.2% higher than the second revision. The upward revisions largely reflected stronger-than-initially reported consumer spending and exports. The resumption of global trade flows has been one of the more positive developments of the year; it is helping developed as well as developing economies.
The most important issue about the GDP data as tracked by the government is that the first and second quarters need to be averaged. The statistical agencies have been fighting a 20-year battle to more accurately adjust first quarter data