Economists surveyed by Dow Jones expected a gain of 2.2 percent after a 3.4 percent rise in the third quarter.
U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday.
While the GDP report was only preliminary, it would mean average growth for the year was 3.1 percent. Exports rose 1.6 percent in the quarter, reversing a 4.9 percent decline in the previous quarter, while imports increased by 2.7 percent, making trade a slight net negative. Even with the weaker fourth quarter, economic growth was solid for the year, after GDP gains of 2.2 percent and 4.2 percent in the first and second quarters respectively. The report also comes on the heels of mixed signs in the economy.
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