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Home » Advance Estimates: GDP Grew at 5.7% Rate in 4Q

Advance Estimates: GDP Grew at 5.7% Rate in 4Q

By    MDM   Staff 
January 29, 2010
More about:  Economy
Improvement reflect increase in private inventory investment, fewer imports, and an upturn in nonresidential fixed investment.
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Real gross domestic product - the output of goods and services produced by labor and property in the U.S. - increased at an annual rate of 5.7% in the fourth quarter of 2009, (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.2%.
 
The Bureau emphasized that the fourth-quarter advance estimate is based on source data that are incomplete or subject to further revision by the source agency. The second estimate for the fourth quarter, based on more complete data, will be released on Feb. 26, 2010.
 
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 Personal Consumption Expenditures.
 
Motor vehicle output added 0.61 percentage point to the fourth-quarter change in real GDP after adding 1.45 percentage points to the third-quarter change. Final sales of computers subtracted 0.03 percentage point from the fourth-quarter change in real GDP after subtracting 0.08 percentage point from the third-quarter change.
 
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