Mexican Media Brands
U.S. Economy Grew 2.9% in Fourth Quarter
Real gross domestic product in the U.S. expanded at an annualized 2.9% in October-December last year, up from a previous estimate of 2.5%.
#economics
Share
Real gross domestic product in the U.S. expanded at an annualized 2.9% in October-December last year, up from a previous estimate of 2.5%, according to the Dept. of Commerce’s third round of figures.
Full-year GDP in 2017 grew by 2.3% compared with 1.5% in 2016.
Fourth-quarter growth remained slower than the 3.2% generated in the third quarter of 2017. The Commerce Dept. says real domestic income advanced by an annualized 0.9% in the final three months, compared with 2.4% in the third quarter.
Growth in GDP was driven by consumer spending, exports, fixed investment and government spending at all levels. Growth was offset by an increase in imports.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future