The economy grew 2.2% in the fourth quarter compared to the second estimate of 2.2% and the advance estimate of 2.6%. Expectations were for 2.4%.
After rising at an annualized pace of 4.6% and 5.0% in Q2 and Q3, the final Q4 GDP estimate, came in well below the first three quarters.
Final sales of domestic product were nudged up to 2.3% from the second estimate of 2.1%. Final sales to domestic purchasers were revised up to 3.3% from 3.2%.
The inventory contribution to growth was revised down from plus 0.12% points to minus 0.10 percentage points.
On the plus side, the biggest change was a less negative for net exports.
On the price front, the chain-weighted price index was unrevised at 0.1% annualized. Analysts projected 0.1%. The core chain index, excluding food and energy, was unrevised from the second estimate of 0.7%.