US Q4 GDP growth was revised up to 4.1% annualized, according to the second estimate. That compared to Q3’s 33.4% annualized growth.
The increase in real GDP reflected increases in exports, non-residential fixed investment, PCE, residential fixed investment, and private inventory investment that were partly offset by decreases in state and local government spending and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.
