30 Jan 2015
US GDP slows down in Q4 2014
FXStreet (Mumbai) - As per the preliminary data released by the Bureau of Economic Analysis, the real gross domestic product (GDP) increased at an annual rate of 2.6% in Q4 2014, missing the expectation of 3.0%, and down from the Q3 growth rate of 5.00%.
The economy witnessed positive contributions from from personal consumption, which rose 4.3%, beating the expected rise of 4.0%. Other major contributors were private inventory investment, exports. On the other hand, the growth rate was pressurized by an upturn in imports, a downturn in federal government spending, and decelerations in nonresidential fixed investment.
Meanwhile, the GDP price index, decreased 0.3% in the fourth quarter, in contrast to an increase of 1.4 % in the third.
The economy witnessed positive contributions from from personal consumption, which rose 4.3%, beating the expected rise of 4.0%. Other major contributors were private inventory investment, exports. On the other hand, the growth rate was pressurized by an upturn in imports, a downturn in federal government spending, and decelerations in nonresidential fixed investment.
Meanwhile, the GDP price index, decreased 0.3% in the fourth quarter, in contrast to an increase of 1.4 % in the third.