3.4% Q4 2023 US GDP growth revised up from 3.2%, due to higher consumer spending and nonresidential investment.
The U.S. economy unexpectedly grew 3.4% in Q4 2023, according to revised data from the Commerce Department, up from the previously reported 3.2% growth. The update primarily reflects higher estimates of consumer spending and nonresidential fixed investment, though private inventory investment saw a downward revision. Economists had anticipated the GDP estimates would remain unchanged at 3.2%.
March 28, 2024
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