USA: growth revised upwards in Q4

(CercleFinance.com) - U.
S. real GDP (gross domestic product) growth for the fourth quarter of 2023 has been revised upwards to 3.4% annualized, according to a third estimate from the Commerce Department, which had forecast 3.2% in the second reading.

Growth in the world's leading economy is therefore slowing down less sharply than the 4.9% observed in the third quarter. By comparison, Jefferies was anticipating confirmation of the previous estimate.

This revision mainly reflects upward revisions to consumer spending and non-residential fixed investment, which were partly offset by a downward revision to investment in private inventories.

Copyright (c) 2024 CercleFinance.com. All rights reserved.