Q4 2016 US GDP final 2.1% vs 2.0% exp q/q ann

Details from the Q4 2016 US GDP final data report 30 March 2017

• 
  
  Prior revision 1.9%. Flash 1.9%. Q3 3.5%
  

  • Consumer spending 3.5% vs 3.0% exp. Prior 3.0%
  
  
  • Sales 1.1% vs 1.0% exp. Prior 0.9%
  
  
  • PCE 2.0% vs 2.1% exp. Prior 1.9%
  
  
  • Core PCE 1.3% vs 1.2% exp. Prior 1.2%
  
  
  • GDP deflator 2.1% vs 2.0% exp. Prior 2.0%
  
  
  • Q4 corp profits 2.3% vs 6.7% prior
  
  
  • Exports -4.5% vs -4.0% prior. Q3 10.0%
  
  
  • Imports 9.0% vs 8.5% prior. Q3 2.2%
  
  
  
  

Largely better than expected all round in the major components. At least it gets growth above 2.0% for the quarter. The buck has gained a few pips but this is mostly old hat now we"re just about to close off Q1 2017.

Consumer spending is probably the standout number, and one the Fed will take a lot of positives from. If there"s a downside, it was from business investment which was revised down to 0.9% vs 1.3% prior.

US Q4 2016 GDP

Q4 2016 US GDP final 2.1% vs 2.0% exp q/q ann
Q4 2016 US GDP final 2.1% vs 2.0% exp q/q ann
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