US economy grew 2.3% in fourth quarter, Commerce Department says

US economy increased by 2.3% interest rate In the fourth quarter, according to preliminary reading and economic expectations.

The Bureau of Economic Analysis of the Department (BA) issued the first revision of evaluation for the fourth quarter Gross domestic product (GDP)What has found that the US economy has increased in the fourth quarter at 2.3% interest rate annually, which runs from October to December.

Economists surveyed by LSE expected that the economy would increase by 2.3% in the quarter. In the quarter of the last month, the preliminary assessment of GDP was reached by 2.3%, although economists expected 2.6%.

GDP growth slowed in the fourth quarter, when compared to the third quarter, which had a 3.1% increase. The detection in the fourth quarter noted that it was mainly due to the decline in investment and exports, which was partially compensated for the acceleration of consumer’s expenses, while imports have decreased.

Declining of consumer confidence in February in about 4 years with the largest monthly decrease

Consumer costs In the fourth quarter, it increased by 4.2%, and the growth of goods and goods. In the second quarter, it increased from 3.7% to 2.8%.

Government expenses At faster pace, it has increased than originally evaluated. It increased by 2.9% in the fourth quarter, a larger increase than the initial 2.5% rating, although it was slow than 5.1% of the third quarter.

American producer prices are high in expectations in January

Business Investments: In the fourth quarter, 5.7% decreased, deeper than the initial assessment – 5.6%. It was relatively smooth in the third quarter when it grew by 0.8%. Last quarter, the investment of equipment fell by 9%, while investments in construction investments decrease by 3.2% than in preliminary assessment.

For one-time use of the past quarter, it increased by 2.5%, a little less than 2.8% prior rating, although it is a greater interest than the previous two quarters.

The richest households in America are conducting almost half of consumer costs. Moody’s

According to the trade department, the US economy increased by 2.3%. (Eric Thai / Bloomberg Via Getty Images / Getty Images)

Personal savings As a section of a disposable share, by 3.8% of the fourth quarter, continuing the gradual decline, which amounted to 2024 in the first quarter.

“Q4 GDP reviews appear to be revised by the decline in the cost of real business equipment.

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“Business equipment costs from the most sensitive GDP components in changes in the uncertainty of politics, and no post-election payments, particularly for trade.”