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U.S. Economic Growth Quickened Last Quarter With Inventory Boost

Economic IndicatorsJan 27, 2022 08:36AM ET
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© Bloomberg. A worker uses a forklift to move packages at a robotics facility in Baltimore. Photographer: Andrew Harrer/Bloomberg

(Bloomberg) -- U.S. economic growth accelerated in the final three months of last year, fueled by the rebuilding of inventories and a pickup in consumer spending.

Gross domestic product expanded at a 6.9% annualized rate following a 2.3% pace in the third quarter, the Commerce Department’s preliminary estimate showed Thursday. The personal consumption expenditures price index excluding food and energy, an inflation measure followed closely by Federal Reserve officials, grew an annualized 4.9% last quarter. 

The median forecast in a Bloomberg survey of economists called for a 5.5% increase in GDP.

©2022 Bloomberg L.P.

U.S. Economic Growth Quickened Last Quarter With Inventory Boost
 

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Comments (9)
Ayman Rfek Alhfnawy
Ayman Rfek Alhfnawy Jan 27, 2022 1:28PM ET
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I don't know
Mahesh Kumar Pandey
Mahesh Kumar Pandey Jan 27, 2022 10:21AM ET
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it's a opportunity to deeps and buy ....
Mahesh Kumar Pandey
Mahesh Kumar Pandey Jan 27, 2022 10:21AM ET
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it's a opportunity to deeps and buy ....
neang aee 냥에
neang aee 냥에 Jan 27, 2022 8:55AM ET
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Black Friday or Gloomy Monday is waiting for you with full faith
dhanti kusuma
dhanti kusuma Jan 27, 2022 8:49AM ET
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I want a growth right now....I hope
dhanti kusuma
dhanti kusuma Jan 27, 2022 8:49AM ET
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I want a growth right now....I hope
dhanti kusuma
dhanti kusuma Jan 27, 2022 8:49AM ET
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I want a growth right now....I hope
Puk Pups
Puk Pups Jan 27, 2022 8:45AM ET
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0.25 % Interest rate guaranteed   with such 6.9% result in production !  March 2022 1-st hike !
Jan Buyle
Jan Buyle Jan 27, 2022 8:44AM ET
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Always fun to see the proud anouncements about growt, while this 'growt' actually is inflation. If you have 7% inflation and 7% 'growt', your economy did not grow at all... that is 0,00%...
 
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