---
title: "CNBC: Final Reading on U.S. Q4 GDP Is Up 2.9%, vs. 2.7% Growth Expected"
url: https://burnaze.com/article/147f021c-8ba8-4585-b03f-f6e92d97c388
source: "1851 Franchise"
original_url: https://1851franchise.com/cnbc-final-reading-on-us-q4-gdp-is-up-29-vs-27-growth-expected-2706065
category: "Finance"
topics: ["Finance & M&A"]
published: 2018-03-28T18:13:27.000Z
modified: 2026-11-01T04:10:24.541Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/e30c336d2058aab2b38a837f854c59514780.jpg
---

# CNBC: Final Reading on U.S. Q4 GDP Is Up 2.9%, vs. 2.7% Growth Expected

**TL;DR:** The U.S. GDP expanded at a 2.9% annual rate in Q4, with consumer spending growing at a 4% pace. The growth in consumer spending signals to businesses and franchises that people are actively participating in the marketplace.

*originally published in 1851 Franchise on 2018-03-28. [Read the original](https://1851franchise.com/cnbc-final-reading-on-us-q4-gdp-is-up-29-vs-27-growth-expected-2706065).*

## Story

The U.S. Commerce Department is revising the Q4 economic estimates that were previously reported. According to CNBC, economic growth slowed less than previously estimated, with the country experiencing the biggest gain in consumer spending in three years.

GDP expanded at a 2.9 percent annual rate in the final three months of 2017, which is an improvement over the 2.5 percent previously reported. The government also reported that after-tax corporate profits jumped by 1.7 percent in Q4, and that growth of consumer spending grew at a 4 percent pace. That consumer spending accounts for more than two-thirds of U.S. economic activity, signaling to businesses and franchises that people are actively participating in the marketplace.

On that growth, CNBC reports, “That was the quickest pace since the fourth quarter of 2014 and followed a 2.2 percent rate of growth in the July-September period.”

## Entities

- 1851 Franchise (publication)
- General (sector)
- consumer spending (topic)
- gdp growth (topic)
- U.S. Commerce Department (regulator)
- economic estimates (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/cnbc-final-reading-on-us-q4-gdp-is-up-29-vs-27-growth-expected-2706065). Summarized by Burnaze (https://burnaze.com/article/147f021c-8ba8-4585-b03f-f6e92d97c388).