US economy shrank by 1.4% in Q1 but consumers kept spending: Report

The first quarter's growth was hampered mainly by a slower restocking of goods in stores and warehouses and by a sharp drop in exports.

A new study is shedding light on how many Americans, particularly women, are not making enough money to support their families.

Economists consider that trend a better gauge than overall GDP of the economy's underlying strength. Most analysts expect the steady pace of spending to sustain the economy's growth, though the outlook remains highly uncertain. Imports also surged in the January-March quarter as businesses and consumers bought more goods from abroad while U.S. exports rose more slowly. That disparity widened the trade deficit and subtracted from the quarter's growth.

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