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US Q4 GDP GROWTH REVISED LOWER TO 3.2% FROM 3.3%

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  • US GDP growth for Q4 is revised lower to 3.2% from 3.3%.
  • US Dollar Index stays in positive territory above 104.00.

The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.2% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its second estimate on Wednesday. The BEA reported in its advanced estimate the real GDP growth was 3.3%.

"The update primarily reflected a downward revision to private inventory investment that was partly offset by upward revisions to state and local government spending and consumer spending," the BEA explained in the press release


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