5.7% Growth for GDP in 4th Quarter

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The US economy grew at a rate of 5.7% in the fourth quarter of 2009, according to  data released by The Bureau of Economic Analysis this morning.  That represents the highest quarterly growth in 6 years, and the growth was largely on improving inventory data.  From the BEA release

The increase in real GDP in the fourth quarter primarily reflected positive contributions from private inventory investment, exports, and personal consumption expenditures (PCE). Imports, which are a subtraction in the calculation of GDP, increased.

The acceleration in real GDP in the fourth quarter primarily reflected an acceleration in private inventory investment, a deceleration in imports, and an upturn in nonresidential fixed investment that were partly offset by decelerations in federal government spending and in PCE.

The Wall Street Journal's News Hub team--in this case Kelly Evans, Evan Newmark, and Dennis Berman--breaks down the data in their AM Report:


Posted 01-29-2010 9:21 AM by Graham Griffith
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