WASHINGTON (AP) — The U.S. economy grew at a solid rate of 2.6 percent in the final three months of last year, helped by the fastest consumer spending since the spring of 2016 and a big rebound in home construction.
The fourth quarter advance in the gross domestic product, the country’s total output of goods and services, followed gains of just above 3 percent in the second and third quarters, the Commerce Department reported Friday. The latest slowdown reflected a worsening trade deficit and less growth in inventory restocking by companies.
For all of 2017, the economy grew 2.3 percent. That is