WASHINGTON — The U.S. fourth-quarter real gross domestic product revision remains at 0.6% real growth, with offsetting revisions to key components. The data still shows that lower inventories and plunging housing investment are hurting growth.
In the revision, inventories were lowered and personal consumption expenditure services were revised up on new information on medical care and gas usage. Core PCE prices were lowered to a 2.5% increase as a result.
— Market News International