US growth slowed to 2.3pc in 4Q

Spanish Market: Metals, Natural gas
30/01/25

US economic growth slowed in the fourth quarter as falling private investment and exports offset gains in consumer spending.

Growth in gross domestic product (GDP) slowed to a 2.3pc annual pace in the fourth quarter, down from 3.1pc in the third quarter, the Bureau of Economic Analysis reported Thursday.

Consumer spending in the fourth quarter rose to a 4.2pc annual pace, up from 3.7pc in the prior quarter and the highest rate since the first quarter of 2023. Spending on goods rose by 6.6pc from a year earlier and spending on services rose by 3.1pc.

Private investment fell by 5.6pc following an annual gain of 0.8pc in the third quarter. Residential investment rose at a 5.3pc annual pace after a 4.3pc drop in the prior quarter. Spending on equipment fell by 7.8pc after gaining 11pc in the prior quarter.

Government spending and investment slowed to a 2.5pc annual gain from 5.1pc in the prior quarter. Defense spending rose by 3.3pc after climbing at a 13pc pace in the third quarter.

Net exports in the fourth quarter fell by 0.8pc from a year earlier after a gain of 9.6pc in the prior quarter. Net imports fell on the year by 0.8pc.

US economic growth for full-year 2024 slowed to 2.8pc from 2.9pc in 2023. GDP in 2022 rose by 2.5pc.

By Bob Willis

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Brazil's GDP growth accelerates to 3.4pc in 2024

07/03/25

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07/03/25

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07/03/25

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07/03/25

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