Q4 GDP rose 5.7%, better than expectations of 4.7% but nominal GDP was only .3% above estimates as the price deflator rose only .6%, .7% less than expected. Nominal GDP rose 6.3% vs estimates of 6%. Personal Spending rose 2%, .2% above forecasts. Inventories fell by only $33.5b, down from the $139b drop in Q3 and $160b fall in Q2. This added 3.4% to GDP. Real final sales rose by 2.2% and takes out the impact of inventories. Spending on equipment and software rose by 13.3% and added .8% to GDP. Spending on residential construction rose by 5.7%, the 2nd q in a row of gains but nonresidential structures fell by 15.4%. Trade added .5% to GDP as exports rose 18.1% while imports were up just 10.5%. Government spending fell by .2% but was led by a 3.5% fall in defense. Nondefense spending rose by 8.1%. Net-net, a great headline print but helped out by lower than expected inflation. The # is old news but in an oversold market, the headline is the focus.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.