US GDP grew by 1.4% in Q4

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Friday, Mar 25 2016

Real gross domestic product increased at an annual rate of 1.4% in the fourth quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis. No change from prelim reading of 1.0% increase was expected. In the third quarter, real GDP increased 2.0%. The increase in real GDP in the fourth quarter reflected positive contributions from PCE, residential fixed investment, and federal government spending that were partly offset by negative contributions from nonresidential fixed investment, exports, private inventory investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, decreased.

The deceleration in real GDP in the fourth quarter primarily reflected downturns in nonresidential fixed investment and in state and local government spending, a deceleration in PCE, and a downturn in exports that were partly offset by a smaller decrease in private inventory investment, a downturn in imports, and an acceleration in federal government spending.

Euro is currently being traded few points above 1.1160 level, Sterling is around 1.4130 handle, while Aussie is at 0.7520 area.

More in this category: « Euro area economic growth is expected to accelerate further USD - Major events in the week ahead »

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