Preliminary fourth quarter gross domestic product rose 2.4%, down from the advance estimate of 3.2% growth, the Commerce Department reported Friday.
In the third quarter, GDP rose 4.1%.
Personal consumption increased 2.6%, compared to the 3.3% growth in the advance fourth quarter read and 2.0% in Q3.
Real final sales grew 2.3%, down from the advance report's 2.8% rise, after a 2.5% increase in the prior quarter.
The PCE price deflator, excluding food and energy was up 1.3% (the advance report showed a 1.1% gain), following a 1.4% increase in the third quarter.
Economists polled by Thomson Reuters expected 2.5% growth in GDP, a 1.1% increase in the core price deflator and a 2.6% jump in final sales.
The chain weighted price index rose 1.6%, up from the advance estimate of 1.3% growth, after 2.0% growth the prior quarter.
The implicit price deflator was up 1.6%, compared to 1.3% in the advance report and a 2.0% rise in the third quarter.
