Second Q4 GDP Estimate Shows Stronger Than Originally Forecast Economic Growth

The economy grew faster than previously thought in the final quarter of 2015. Real gross domestic product increased 1% in the fourth quarter of 2015, according to a second estimate released by the Bureau of Economic Analysis Friday. The data is an expansion from the 0.7% growth initially reported last month. In fact, most economists were anticipating a downward revision to about 0.4%. Despite the upward revision for the quarter the bureau still says real GDP, which measures the value of goods and services produced in the U.S., increased 2.4% in 2015, the same rate at in 2014. The unexpectedly positive economic news gave stocks a pre-market jolt.