Published: 2025-02-19T15:24:16.000Z
Preview: Due February 27 - U.S. Preliminary (Second) Estimate Q4 GDP - No significant revisions
Senior Economist , North America
1
We expect the preliminary (second) estimate of Q4 GDP to be unrevised from the advance (first) estimate of 2.3%.
We expect a marginal upward revision to final sales (GDP les inventories) to 3.3% from 3.2% on marginal revisions to construction and retail sales, though the retail revision will not be sufficient to lift consumer spending from its advance estimate of 4.2%.
Inventories, already weak in an otherwise strong report, are likely to be revised lower still.
We do not expect any revisions to the price indices, of 2.2% for GDP, 2.3% for PCE prices and 2.5% for the core PCE price index.
