US GDP Jumps by 7.0% In the Fourth Quarter, the Same as Expected

Source: Bureau of Economic Analysis

The US posted an annual 7.0% increase in the gross domestic product in the fourth quarter of 2021, meeting estimates. The increase was higher than a gain of 2.3% in the third quarter. SPY is down -2.51% on premarket, DXY is up +1.16%. 

• The rise in real GDP reflected gains in exports, private inventory investment, PCE, and nonresidential fixed investments.
• In current dollar terms, the GDP rose by 14.6% or $806.2 billion in the fourth quarter to $24.01 trillion. The gain was higher than an increase of 8.4% in the third quarter.
• The price index relating to the gross domestic purchases gained by 7.0% in the quarter, while the PCE price index rose by 6.3%. The PCE price index was up by 5.0%, excluding food and energy.