US Q4 GDP final reading +3.4% vs +3.2% expected

• Second Q4 reading was +3.2% annualized
• Final Q3 reading was +4.9% annualized
• Q2 was +2.1% annualized

Details:

• Consumer spending +3.3% vs +3.0% second reading
• Consumer spending on durables % vs +3.2% second reading
• GDP final sales +3.9% vs +3.5% second reading
• GDP deflator 1.7% vs +1.7% second reading
• Core PCE +2.0% vs +2.1% second reading
• Business investment +0.7% vs +0.9% second reading
• Corporate profits +3.9%
• Government added 0.79 pp to GDP
• Inventories subtracted 0.47 pp from GDP
• Full report

The final GDP report is rarely a market mover but can offer some hints at the following quarter. It’s also another tick in the box showing a resilient economy.

This article was written by Adam Button at www.forexlive.com.