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2/27, 2:30 PM (Source: TeleTrader)
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US GDP growth unchanged at 2.1% in Q4

Gross domestic product (GDP) of the United States grew at a 2.1% rate in the final quarter of 2019, remaining unchanged compared to the previous three months and confirming the expectations, according to the second estimate published by the Bureau of Economic Analysis on Thursday.

The price index for gross domestic purchases grew 1.4% in the last quarter of 2019, staying the same as in the third quarter. The PCE price index rose by 1.3%, slightly less than in the previous quarter, while excluding food and energy prices, the index advanced 1.2% on a quarterly basis.

Annually, the price index for gross domestic purchases increased by 1.5% in 2019, compared with an increase of 2.4% in the previous year. The PCE price index expanded by 1.4% compared with 2.1% for the same period, while excluding food and energy prices, the index climbed 1.6%.

Breaking the News / ND