Investing.com - The U.S. economy expanded less-than-expected in the fourth quarter official data confirmed on Thursday.
In a report, the Bureau of Economic Analysis said U.S. gross domestic product expanded at an annual rate of 0.4% in the three months to December, lower than forecasts for a 0.5% expansion.
The growth rate was the slowest since the first quarter of 2011, but was higher than initial estimates for growth of 0.1%.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.19% to trade at 1.2801.
Meanwhile, U.S. stock index futures remained mixed. The Dow Jones Industrial Average futures pointed to a decline of 0.23% at the open, S&P 500 futures indicated a rise 0.06%, while the Nasdaq 100 futures signaled a 0.20% gain.
In a report, the Bureau of Economic Analysis said U.S. gross domestic product expanded at an annual rate of 0.4% in the three months to December, lower than forecasts for a 0.5% expansion.
The growth rate was the slowest since the first quarter of 2011, but was higher than initial estimates for growth of 0.1%.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.19% to trade at 1.2801.
Meanwhile, U.S. stock index futures remained mixed. The Dow Jones Industrial Average futures pointed to a decline of 0.23% at the open, S&P 500 futures indicated a rise 0.06%, while the Nasdaq 100 futures signaled a 0.20% gain.