Forex News

US GDP unrevised, durable goods drop 0.2%

US GDP unrevised, durable goods drop 0.2%

U.S. economic growth remained unrevised at 2.1 percent in the fourth quarter on annual basis, the second GDP estimate released on Thursday showed.

The world’s biggest economy managed to maintain the same growth pace registered in the third quarter, matching both preliminary and analysts’ projections.

Another important report showed that durable goods orders were 0.2 percent down in January, following a revised of 2.9 percent rise in December. Analysts had predicted a 1.5 percent fall.

The core durable goods orders signaled a 0.9 percent increase from an upwardly revised of 0.1 percent soar in December.

As of 13:40 GMT, the dollar index widened its earlier losses to trade at 98.48, the lowest level since February 10.

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