BEA News: Gross Domestic Product, Fourth Quarter and Year 2022 (Advance Estimate)

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.

The full text of the release can be found at: www.bea.gov/news/2023/gross-domestic-product-fourth-quarter-and-year-2022-advance-estimate