- US economy grew by 4.1% in the fourth quarter as expected.
- US Dollar Index stays in the negative territory below 90.00.
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.1% in the fourth quarter, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading followed the initial estimate of 4% and came in line with the market expectation.
Market reaction
The US Dollar Index inched slightly higher after this data and was last seen losing 0.38% on the day at 89.83.
Additional takeaways
“With the second estimate, upward revisions to residential fixed investment, private inventory investment, and state and local government spending were partly offset by a downward revision to personal consumption expenditures (PCE).”
“Current dollar GDP increased 6.1% at an annual rate, or $317.6 billion, in the fourth quarter to a level of $21.49 trillion.”
“The price index for gross domestic purchases increased 1.8% in the fourth quarter, compared with an increase of 3.3%.”
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