Posted February 28, 2018

4Q GDP increased by 2.5 percent

Real gross domestic product increased at an annual rate of 2.5 percent in the fourth quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis.

In the third quarter, real GDP increased 3.2 percent.

The deceleration in real GDP growth in the fourth quarter reflected a downturn in private inventory investment that was partly offset by accelerations in PCE, exports, state and local government spending, nonresidential fixed investment, and federal government spending, and an upturn in residential fixed investment.

Real GDP increased 2.3 percent in 2017, compared with an increase of 1.5 percent in 2016