WASHINGTON — US real gross domestic product (GDP) for the fourth quarter rose at a three percent annualized rate, unrevised from the earlier estimate, the Commerce Department said Thursday.
Economists surveyed by MarketWatch expected growth to be revised up to a 3.2 percent rate.
A downward revision to exports was offset by stronger business investment in software.
Consumer spending rose 2.1 percent in the fourth quarter, unrevised from prior estimates.
A key measure of inflation, the core personal consumption index, which excludes food and energy prices, increased 1.3 percent, also unrevised from prior estimates.
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