Home Editor's Picks U.S. Economic Growth Quickened Last Quarter With Inventory Boost

U.S. Economic Growth Quickened Last Quarter With Inventory Boost

by

Please try another search

More

Economic Indicators5 hours ago (Jan 27, 2022 08:36AM ET)

(C) Bloomberg. A worker uses a forklift to move packages at a robotics facility in Baltimore. Photographer: Andrew Harrer/Bloomberg

(Bloomberg) — U.S. economic growth accelerated in the final three months of last year, fueled by the rebuilding of inventories and a pickup in consumer spending.

Gross domestic product expanded at a 6.9% annualized rate following a 2.3% pace in the third quarter, the Commerce Department’s preliminary estimate showed Thursday. The personal consumption expenditures price index excluding food and energy, an inflation measure followed closely by Federal Reserve officials, grew an annualized 4.9% last quarter.

The median forecast in a Bloomberg survey of economists called for a 5.5% increase in GDP.

(C)2022 Bloomberg L.P.

U.S. Economic Growth Quickened Last Quarter With Inventory Boost

Fiscal stimulus powers U.S. economy in 2021 to its best performance since 1984By Reuters – Jan 27, 2022

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy notched its strongest growth in nearly four decades in 2021 after the government pumped trillions of dollars in COVID-19…

U.S. core capital good orders unchanged in DecemberBy Reuters – Jan 27, 2022

WASHINGTON (Reuters) – New orders for U.S.-made capital goods were unexpectedly unchanged in December, suggesting a loss of momentum in business spending on equipment amid…

U.S. Jobless Claims Decline for First Time in Four WeeksBy Bloomberg – Jan 27, 2022

(Bloomberg) — Applications for U.S. state unemployment insurance fell for the first time in four weeks, partially unwinding a recent spike in claims due to the omicron…

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Our Apps

Follow us

Terms And Conditions
Privacy Policy
Risk Warning

(C) 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related News