US fourth quarter GDP growth stood at 2.9%

According to the "third" estimate released by the Bureau of Economic Analysis, this Wednesday, the US real gross domestic product (GDP) increased at an annual rate of 2.9% in the fourth quarter of 2017 as against the third quarter real GDP growth of 3.2%.

Key highlights:

   •  The price index for gross domestic purchases increased 2.5 percent in the fourth quarter, compared with an increase of 1.7 percent in the third quarter. 

   •  The PCE price index increased 2.7 percent, compared with an increase of 1.5 percent. 

   •  Excluding food and energy prices, the PCE price index increased 1.9 percent, compared with an increase of 1.3 percent.