US Q4 final GDP +2.4% vs +2.3% expected


Details:

  • Advance Q4 GDP reading was +2.3%
  • Second reading was +2.3%
  • Q3 GDP was +2.8%
  • Final sales 3.3% vs +3.2% second reading
  • Consumer spending 4.0% vs +4.2% second reading

Inflation numbers:

  • GDP deflator 2.3% vs +2.4% second reading
  • Core PCE 2.6% vs +2.7% second reading
  • PCE prices final 2.4% vs +2.4% second reading
  • PCE service excluding energy and housing 3.5% vs 3.5% in second reading

Contributors and subtractors:

  • Consumption: +2.70% vs +2.79% advance
  • Government: +0.52% vs +0.49% advance
  • Net International trade: +0.26% vs +0.12% advance
  • Inventories: -0.84% vs -0.81% advance

These are some small moves around the edges.

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