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The rate of growth decreased from the 4.4% increase seen in the third quarter, which was the strongest growth in two years.
According to Trading Economics, analysts on average predicted a 3% rise in GDP for the October-December period.
Consumer spending, which makes up two-thirds of the US economy, rose by 2.4%. Business spending on fixed assets saw an increase of 2.6%.
At the same time, government spending decreased by 5.1%, and residential investment dropped by 1.5%.
Exports decreased by 0.9 percent, and imports declined by 1.3 percent.
The PCE consumer price index rose by 2.9% in the fourth quarter, which follows a 2.8% increase during the July to September period. The growth rate of the PCE Core index, which measures price changes without including food and energy costs, slowed down to 2.7% in the third quarter from 2.9%. This index is carefully monitored by the Federal Reserve to evaluate potential inflation risks.
For the entire year of 2025, the United States' Gross Domestic Product is expected to grow by 2.2 percent, which follows a growth rate of 2.8 percent in the previous year.
The Commerce Department has released its first of three estimates regarding the change in US GDP. The updated and final data for the fourth quarter and the year 2025 are planned to be released on March 13 and April 9, respectively.
source: tradingeconomics.com
According to Trading Economics, analysts on average predicted a 3% rise in GDP for the October-December period.
Consumer spending, which makes up two-thirds of the US economy, rose by 2.4%. Business spending on fixed assets saw an increase of 2.6%.
At the same time, government spending decreased by 5.1%, and residential investment dropped by 1.5%.
Exports decreased by 0.9 percent, and imports declined by 1.3 percent.
The PCE consumer price index rose by 2.9% in the fourth quarter, which follows a 2.8% increase during the July to September period. The growth rate of the PCE Core index, which measures price changes without including food and energy costs, slowed down to 2.7% in the third quarter from 2.9%. This index is carefully monitored by the Federal Reserve to evaluate potential inflation risks.
For the entire year of 2025, the United States' Gross Domestic Product is expected to grow by 2.2 percent, which follows a growth rate of 2.8 percent in the previous year.
The Commerce Department has released its first of three estimates regarding the change in US GDP. The updated and final data for the fourth quarter and the year 2025 are planned to be released on March 13 and April 9, respectively.
source: tradingeconomics.com
