Economics – GDP Report

The Gross Domestic Product (GDP) is the monetary value of all goods and services produced in the United States for a specific time period. It is one of the most comprehensive measures of the economic health of the US. Today the Department of Commerce released an advanced estimate of the GDP for the fourth quarter which showed 2.8% growth over the previous quarter. The expectation was for growth of 3.0% so the number was a tad light and the result was stock index futures trading down a little after the number was released at 7:30 Chicago time.