Below we highlight the breakdown of contributions to the 5.7% Real GDP Growth in Q4 (YoY). Consumption and inventories were big contributors to growth, along with exports due to the weak dollar. One area that didn't contribute to the 5.7% GDP growth was government. In fact, government's contribution to Q4 GDP actually acted as a drag, as the marginal contribution from the Federal side was more than offset by the drag of state and local governments. Click here to visite the BEA website.
Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.