Fourth Quarter GDP Revised from 2.6% to 2.5%

Real GDP grew at a seasonally adjusted annual rate of 2.5% during the fourth quarter of 2017, according to the Bureau of Economic Analysis’s second estimate, down from 2.6% in the “advance” estimate. The general picture of economic growth remained the same.

The percent change primarily reflected a downward revision to private inventory investment and non-residential fixed investment.

Personal consumption expenditures and exports were unchanged in the second estimate.

Read the BEA release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.