US GDP Growth Rate QoQ Adv (Q4) Q/Q 1.4% vs. Exp. 3.0% (Prev. 4.4%, Low. 1.7%, High. 4.4%)

• The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by decreases in government spending and exports. Imports, which are a subtraction in the calculation of GDP, decreased.

BEA on the shutdown impact: 

• "The full effects of the partial federal government shutdown on the fourth-quarter estimates cannot be quantified... However, BEA did estimate the effects of a reduction in the labor services supplied by federal employees. BEA estimates that this reduction in services provided by the federal government subtracted about 1.0 percentage point from real GDP growth in the fourth quarter."