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- US GDP growth for Q4 is revised lower to 3.2% from 3.3%.
- US Dollar Index stays in positive territory above 104.00.
In the second estimate released on Wednesday, the United States’ Gross Domestic Product (GDP) expanded at an annual rate of 3.2% for the fourth quarter, according to the US Bureau of Economic Analysis (BEA). The initial advanced estimate had reported a slightly higher real GDP growth of 3.3%.
The BEA clarified in its press release that the revision was primarily influenced by a downward adjustment in private inventory investment, partially counterbalanced by upward revisions to state and local government spending, as well as consumer spending.
Market reaction
Following the initial reaction, the US Dollar Index (DXY) experienced a marginal dip and is currently showing a 0.26% gain for the day, reaching 104.07.
