[piasa]

Yep:

On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted 0.8% in the first quarter.
http://www.freerepublic.com/focus/f-news/3294568/posts

[piasa]

That is a really big miss, from +.2 to -.7 that is almost a full percent miss.

"On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted 0.8% in the first quarter."