The numbers: The growth in the U.S. economy in the first quarter was trimmed to 2% from 2.2%, largely reflecting lower spending on health care and a somewhat smaller buildup in inventories.

Economists polled by MarketWatch had predicted gross domestic product would be unchanged.

The softer GDP reading in the first quarter is a moot point by now. The U.S. economy has roared back in the spring and stands a chance of posting its fastest quarterly growth in 15 years.

What happened: The increase in consumer spending, the trendsetter for the broader economy, was revised down a tick to 0.9%. The paltry increase was the smallest since 2013.

Nonprofit groups spent less on health care than previously estimated, the government said. And households spent a bit less on financial advice and insurance, the government said.

Business spending was the saving grace. Fixed investment rose 7.5% instead of 7.2% as previously reported.

Companies spent more on office equipment, drilling platforms and software, aided in part by the largest corporate tax cuts in more than 30 years.

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The change in the level of inventories, however, was smaller than previously reported. It was lowered to $13.9 billion from $20.2 billion.

Adjusted corporate profits before taxes, meanwhile, increased at an annual 1.8% pace in the first quarter. Initially the government said profits had declined slightly.

Profits are up a healthy 6.8% over the past year.

Most other figures in the GDP were little changed.

Big picture: The first quarter is like a distant memory now. The economy has surged in the spring, led by a big rebound in consumer spending and strong business investment.

Some economists predict GDP could top 5% in the second quarter and come within striking distance of the best quarterly performance since 2003.

Read:GDP might top 5% in the spring, set 15-year high

Such fast growth is not likely sustainable, though, and growing tensions over trade could impinge on the economy in the coming months if they remain unresolved.

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What they are saying?: The “evidence continues to depict an economy with solid underlying momentum that is unlikely to be blunted anytime soon,” said Joshua Shapiro, chief U.S. economist at MFR Inc.