Gross Domestic Product (GDP): Second Estimate for Q4, 2017

The U.S. Gross Domestic Product (GDP) "preliminary" (second estimate) report for the fourth  quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +2.5%
Actual: +2.5%

The highlighted percentage represents the quarter-to-quarter change in the Gross Domestic Product for the United States (preliminary = second estimate.)

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GDP, Fourth Quarter of 2017, Preliminary (Second Estimate)

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• On March 28, 2018, a "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the fourth quarter of  2017.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

• Click here to view the full Commerce Department report (PDF).