4Q GDP Unrevised At +2.1%; GDP Price Index..>

US DATA: 4Q GDP Unrevised At +2.1%; GDP Price Index +1.3%

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-2nd est for Q4 GDP +2.1%, as expected and unrevised from adv est

-Final sales +3.1% vs Adv +3.2%

-Change In Private Inventories +$13.0B Vs Adv +$6.5B

-Export Gap -$899.6B (Adv -$902.0B); Imports-8.6% (-8.7%)

-PCE +1.7% Vs Adv +1.8%; Govt +2.6% Vs Adv +2.7%

-Chain Weighted Price Index +1.3% Vs Adv +1.4%

-GDP Core PCE Deflator +1.2% Vs Adv +1.3%

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Second estimate for 4Q GDP was as expected and unrevised at +2.1%. 

Private inventories were revised higher, offset by downward revision to 

nonresidential fixed investment -2.3% vs Adv -1.5%. Consumer spending 

was revised down to +1.7% from Adv +1.8%, reflecting downward revision 

to goods (mainly gasoline) that was mostly offset by upward revision to 

services (mainly health care). Price indexes were revised down a tenth, 

with core PCE +1.2% vs Adv +1.3% and GDP price index +1.3% vs Adv +1.4%.