Bureau of Economic Analysis
Quarterly GDP Growth Increases to 4.1%
Some economists say the rate will be difficult to sustain in the third quarter. Fed officials forecast yearlong GDP growth of under 3%.
U.S. Current Account Deficit Widens
The imbalance in investment flows and the value of goods and services traded was up 2.4% from the fourth quarter of 2016.
Government Spending Decline Shaves Q4 GDP
National defense spending fell 12% in the fourth quarter of 2014, offsetting growth in personal expenditures and inventory investment.
Consumer Spending Hits Speed Bump
Personal consumption expenditures decreased $40 billion, or 0.3%, in December, the Bureau of Economic Analysis said, mostly due to slowing car sales.
Revenue and Profit Declines Reveal ‘Weak and Sputtering Recovery’
Median revenue for 3,000 companies has dropped 8% since December 2012.