by Calculated Risk on 3/27/2025 08:44:00 AM

From the BEA: Gross Domestic Product, 4th Quarter and Year 2024 (Third Estimate), GDP by Industry, and Corporate Profits

Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024 (October, November, and December), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.

The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased. ... Real GDP was revised up 0.1 percentage point from the second estimate, primarily reflecting a downward revision to imports.
emphasis added

Here is a Comparison of Third and Second Estimates. PCE growth was revised down to 4.0% from 4.2%. Residential investment was revised up from 5.4% to 5.5%.

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