GDP growth in the U.S. was announced as 2.6% in the fourth quarter, lower than estimate of 2.9%. According to the details;
- Consumer spending increased by 3.8%, the biggest increase in almost two years.
- Investment in new housing increased 11.6%,
- Business spending on equipment rose 11.4% and outlays on structures edged up 1.4%.
- Imports surged 13.9%, doubling the 6.9% rise in exports.