The U.S. Bureau of Economic Analysis (BEA) reports that real gross domestic product (GDP) increased at an annual rate of 2.5 percent in the fourth quarter of 2017, according to a second estimate released last week. In the third quarter, real GDP increased 3.2 percent.
The second GDP estimate is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.6 percent. With this second estimate for the fourth quarter, the general picture of economic growth remains the same.
The full text of the release can be found on BEA's website: www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm