The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised the real GDP up by less than 0.1 percentage point from the previous month’s advance estimate. The U.S. economy experienced a slowdown in growth during the fourth quarter of 2024, with real GDP increasing at an annual rate of 2.3%, down from 3.1% in the third quarter.
The slight upward revision was due mainly to higher-than-expected increases in government spending and exports, which were partially balanced by lower-than-expected adjustments in consumer spending and investment.
Read Next: Mortgage Rates Drop To Lowest Levels Since December, …
Full story available on Benzinga.com
The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised the real GDP up by less than 0.1 percentage point from the previous month’s advance estimate. The U.S. economy experienced a slowdown in growth during the fourth quarter of 2024, with real GDP increasing at an annual rate of 2.3%, down from 3.1% in the third quarter.
The slight upward revision was due mainly to higher-than-expected increases in government spending and exports, which were partially balanced by lower-than-expected adjustments in consumer spending and investment.
Read Next: Mortgage Rates Drop To Lowest Levels Since December, …
Full story available on Benzinga.com
The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised the real GDP up by less than 0.1 percentage point from the previous month’s advance estimate. The U.S. economy experienced a slowdown in growth during the fourth quarter of 2024, with real GDP increasing at an annual rate of 2.3%, down from 3.1% in the third quarter.
The slight upward revision was due mainly to higher-than-expected increases in government spending and exports, which were partially balanced by lower-than-expected adjustments in consumer spending and investment.
Read Next: Mortgage Rates Drop To Lowest Levels Since December, …Full story available on Benzinga.com Read MoreGDP, GLD, News, SPY, Stories That Matter, Bonds, Broad U.S. Equity ETFs, Futures, Econ #s, Top Stories, Markets, ETFs, GLD, US78463V1070, SPY, US78462F1030, News, Broad U.S. Equity ETFs, Bonds, Futures, Econ #s, Top Stories, Markets, ETFs, Benzinga Markets
