The gross domestic product of the United States grew by 7% in the fourth quarter of 2021. This is what emerges from the second reading of the figure, which was revised upwards from the growth of + 6.9% previously communicated.
US GDP was in line with expectations and followed the 2.4% expansion of the third quarter.
Personal consumption, however, rose by 3.1%, at a slightly lower rate than the + 3.3% of the preliminary figure.
The core PCE – an important price index of US inflation monitored by the Fed – was also revised upwards to + 5% compared to the + 4.9% of the previous reading.
The growth in exports was + 23.6% (against the + 24.5% initially disclosed), imports advanced by 17.6%, compared to + 17.5% in the preliminary numbers and investments in real estate market grew by 1%, revised decidedly upwards compared to the decline, equal to -0.8%, initially announced.