Fourth Quarter GDP Revised from 2.5% to 2.9%

Real GDP grew at a seasonally adjusted annual rate of 2.9% during the fourth quarter of 2017, according to the Bureau of Economic Analysis’s third estimate, up from 2.5% in the second estimate. The general picture of economic growth remained the same.

The percent change primarily reflected an upward revision to private inventory investment and personal consumption expenditures.

The fourth quarter reading followed 3.1% and 3.2% growth in the second and third quarters, respectively.

Read the BEA release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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