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The U.S. Commerce Department is revising the Q4 economic estimates that were previously reported. <a href="https://www.cnbc.com/2018/03/28/final-reading-on-us-q4-gdp-is-up-2-point-9-percent-vs-2-point-7-percent-growth-expected.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=cnbc-final-reading-on-us-q4-gdp-is-up-29-vs-27-growth-expected-2706065" target="_blank" rel="nofollow" target="_blank">According to CNBC, economic growth slowed less than previously estimated</a>, with the country experiencing the biggest gain in consumer spending in three years.

GDP expanded at a 2.9 percent annual rate in the final three months of 2017, which is an improvement over the 2.5 percent previously reported. The government also reported that after-tax corporate profits jumped by 1.7 percent in Q4, and that growth of consumer spending grew at a 4 percent pace. That consumer spending accounts for more than two-thirds of U.S. economic activity, signaling to businesses and franchises that people are actively participating in the marketplace.

On that growth, CNBC reports, &ldquo;That was the quickest pace since the fourth quarter of 2014 and followed a 2.2 percent rate of growth in the July-September period.&rdquo;

<a href="https://www.cnbc.com/2018/03/28/final-reading-on-us-q4-gdp-is-up-2-point-9-percent-vs-2-point-7-percent-growth-expected.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=cnbc-final-reading-on-us-q4-gdp-is-up-29-vs-27-growth-expected-2706065" target="_blank" rel="nofollow" target="_blank">To read the full article, click here</a>.

CNBC: Final Reading on U.S. Q4 GDP Is Up 2.9%, vs. 2.7% Growth Expected

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