DJIA26202.73
LIVE240.29(0.93%)
NDX7733.22
LIVE68.75(0.90%)

U.S. Fourth-Quarter Growth Revised Down to 2.5% Annualized Pace


Wednesday, 28 February 2018 20:59 WIB

Ekonomi ASGDP AS


c_740_198_16777215_00_images_assets_ECONOMY2_pertumbuhan-ekonomi-amerika-hanya-1-6-di-2016-BsD9OXeH0h.jpg

The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Wednesday.

Highlights of Fourth-Quarter GDP (Second Estimate)

Gross domestic product grew at a 2.5% annualized rate (matching est.), revised from 2.6% and after 3.2% gain in prior quarter

Consumer spending, the biggest part of the economy, grew an unrevised 3.8% (est. 3.6%) after 2.2% gain in previous quarter

Nonresidential fixed investment expanded 6.6%, revised from 6.8% gain; downward revision reflected smaller gain in intellectual property

Inventories subtracted 0.7 percentage point from GDP, more than the 0.67 percentage point initially estimated; farm inventories were revised lower due to fresh data from Dept. of Agriculture

The latest results for GDP, the value of all goods and services produced in the U.S., show the economy ended the year on a solid note, despite the downward revision. Household and business spending remained robust.

Consumer spending, which accounts for about 70 percent of the economy, was the biggest contributor of growth in the fourth quarter, adding 2.58 percentage points.

Business outlays were also solid, contributing 0.82 percentage point to growth. The latest results were boosted by residential investment and government spending as well.

Final sales to domestic purchasers, which strip out trade and inventories -- the two most volatile components of the GDP calculation -- climbed an unrevised 4.3 percent, the strongest since the third quarter of 2014.

Price data in the GDP report showed inflation near the Federal Reserve’s 2 percent goal. Excluding food and energy, the Fed’s preferred price index tied to personal spending rose an unrevised 1.9 percent.

Source : Bloomberg


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.