by Calculated Risk on 1/27/2022 08:36:00 AM
The increase in real GDP primarily reflected increases in private inventory investment, exports, personal consumption expenditures (PCE), and nonresidential fixed investment that were partly offset by decreases in both federal and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.
The advance Q4 GDP report, with 6.9% annualized growth, was above expectations.
I’ll have more later …