Ekonomické zprávy

U.S. economy grows less than initially thought in Q4

A report from the Commerce Department revealed on Thursday that the U.S. economy expanded less than initially estimated in the fourth quarter of 2022, as a downward revision to consumer spending that was partly offset by an upward revision to nonresidential fixed investment. In addition, imports, which are a subtraction in the calculation of GDP, were revised upwardly.

According to the second estimate, the U.S. gross domestic product (GDP) grew at an annual rate of 2.7 percent in the fourth quarter, being below the 2.9 percent expansion reported in the advance estimate.

Economists had predicted the growth rate to remain unrevised at 2.9 percent.

In the previous quarter, the economy increased by 3.2 percent q-o-q.

The Q4 gain in real GDP was due to advances in private inventory investment, consumer spending, nonresidential fixed investment, federal government spending, and state and local government spending, which, however, were partly offset by drops in residential fixed investment and exports. In addition, imports declined.

Podívejte se také