Key Gauges of US Economy Advanced at Healthy Clip to End 2023
- 4Q GDP revised higher and GDI posted biggest gain in two years
- Corporate profits rose 4.1% as non-financial margins widened
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The government’s two main measures of US economic activity posted strong advances at the end of last year, pointing to an economy that’s still expanding at a healthy clip.
Gross domestic product rose at an upwardly revised 3.4% annualized pace in the fourth quarter on the back of stronger household demand and business investment, according to the third estimate of the figures from the Bureau of Economic Analysis out Thursday.