Fourth quarter U.S. GDP was revised up to 2.9%, completing a year that saw GDP grow at 2.3%. While the first quarter of 2018 may be running at a lower rate, the full year is expected to come in around 3%.
Industrial Production—Last 12 months
Industrial production remained strong in the last two months, jumping 1.1% in February. This was due to a weather-related rebound and a rise in the output of U.S. oil and gas fields and mines.
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