That number came in originally at a measly 0.7 percent growth rate, but then was revised up to a 1.2 percent annual rate last month. He could be referring to that data getting revised again, but it’s more likely Trump is looking ahead to the second-quarter GDP report, which comes out on July 28.
Trump has promised to slash tax rates for individuals and companies and trim regulations on businesses to boost economic growth. Republicans have not yet proposed a joint tax bill in Congress, and many of the regulatory moves by the Trump administration have been largely symbolic.
The president has repeatedly proclaimed that jobs are “pouring in” to the U.S. due to his policies. In May, the U.S. created 138,000 nonfarm payrolls, lower than an expected 185,000, while the unemployment rate dipped to 4.3 percent.
Recent economic data have been lackluster. On Wednesday, the Labor Department said the consumer price index — a key measure of inflation — fell 0.1 percent last month. Economists polled by Reuters expected a rise of 0.2 percent.
Meanwhile, the Commerce Department said retail sales fell 0.3 percent in May, marking the largest one-month decline since January of last year. The sudden drop confounded economists, which had forecast a 0.1 percent gain.
The White House did not immediately respond to a request to clarify the president’s remarks.
— CNBC’s Fred Imbert and John Melloy contributed to this report