Fourth Quarter GDP Growth – Second Estimate: A Little More Encouraging

The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the fourth quarter of 2011. The revised estimate shows real GDP grew at a seasonally adjusted annual rate of 3.0 percent, up from 2.8 percent as initially reported. The upward revision came primarily from stronger growth in nonresidential fixed investment and personal consumption expenditures and less drag from imports.

The third and final estimate will be released March 29.

 



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