U.S. Q4 2023 GDP Surges to 3.4%, Beats Expectations

The latest report on the US Q4 2023 GDP reveals a growth rate of 3.4%, surpassing the anticipated 3.2%. This signifies six consecutive quarters of economic expansion. Notably, there hasn’t been a back-to-back decline in GDP since Q2 2022.

The actual annualized US GDP growth rate for Q4 stands at 3.4%, compared to the previous quarter’s 3.2%, exceeding the estimated 3.2%.

The latest figures for initial jobless claims in the US remain steady at 210K, identical to the previous week’s numbers, and in line with the estimated 212K. Continuing jobless claims in the US have risen slightly to 1819K from the previous week’s 1807K, aligning closely with the estimated 1815K.

The actual U.S. PCE prices for Q4 show a rate of 1.8%, in line with both the previous quarter’s 2.6% and the estimated 1.8%. Meanwhile, the core PCE prices for Q4 remain unchanged at 2.00%, matching both the previous quarter and the estimated 2.10%.