- Analytics
- News and Tools
- Market News
- US: Real GDP growth for Q4 revised higher to 7% expected
US: Real GDP growth for Q4 revised higher to 7% expected
- US BEA revised Q4 GDP growth to 7% as expected.
- US Dollar Index holds above 97.00 after the data.
The US Bureau of Economic Analysis (BEA) announced on Thursday it revised the annualized Gross Domestic Product growth in the fourth quarter to 7% in its second estimate from 6.9% in its initial estimate.
This reading came in line with the market expectation.
"The updated estimates primarily reflected upward revisions to nonresidential fixed investment, state and local government spending, and residential fixed investment that were partly offset by downward revisions to personal consumption expenditures (PCE) and exports," the BEA explained its publication.
Market reaction
The US Dollar Index showed no immediate reaction to this data and was last seen rising 1% on the day at 97.15.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
