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US: Real GDP increased at an annual rate of 2.1% in the fourth quarter of 2016
Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis in the United States. In the
third quarter of 2016, real GDP increased 3.5 percent.
Key findings
- In the second estimate, the increase in real GDP was 1.9 percent. With this third estimate for the fourth quarter, the general picture of economic growth remains largely the same
- Real gross domestic income (GDI) increased 1.0 percent in the fourth quarter, compared with an increase of 5.0 percent in the third.
- The average of real GDP and real GDI increased 1.5 percent in the fourth quarter, compared with an increase of 4.3 percent in the third quarter
- The deceleration in real GDP in the fourth quarter reflected downturns in exports and in federal government spending
- The price index for gross domestic purchases increased 2.0 percent in the fourth quarter, compared with an increase of 1.5 percent in the third quarter
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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