Economic Indicators Industry Forecasts Industry Statistics

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

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

February 23, 2023

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 2.7 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-second-estimate

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.