The 2nd estimates of Q4 2024 and full year 2024 GDP growth were unchanged at 2.3% and 2.8% respectively.

• Real GDP was revised up by less than 0.1 ppt from the advance estimate released last month, primarily reflecting upward revisions to government spending and exports that were partly offset by downward revisions to consumer spending and investment.
• However, both PCE and core PCE inflation were revised up by 0.1 ppts to 2.4% and by 0.2 ppts to 2.7% respectively.
• The price index for gross domestic purchases increased 2.3% in Q4 2024 and 2.4% in 2024, both revised up 0.1 ppt.