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MNI BRIEF: US Q4 GDP As Expected

MNI (Washington)

U.S. Q4 GDP increased at an annual rate of 4.0%, slightly lower than expectations for an annualized increase of 4.2%. 3Q GDP was unrevised at 33.4%.

  • That reflects increases in exports (+22.0%), nonresidential fixed investment (+13.8%), PCE (+2.5%), and residential fixed investment(+33.5%), the Bureau of Economic Analysis said Thursday.
  • That was partially offset by declines in state and local government spending (-1.7%), and federal government spending (-0.5%).
  • Current-dollar GDP was up an annualized 6.0% in Q4 following a 38.3% increase in Q3.
  • The GDP price index increased 1.7% after a 3.3% in Q3. The PCE price index was up 1.5% following a larger 3.7% increase in the previous quarter.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com

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