January 27, 2012
January 27, 2012
A sharp reversal from the third quarter’s decline in inventories added 1.94 percentage points to GDP growth in the fourth quarter, bringing the rate to 2.8 percent. Final demand grew at just a 0.8 percent rate in the quarter, a sharp drop from the 3.2 rate in the third quarter, as a 4.6 percent drop in government spending lopped almost a full percentage point off growth in the quarter.
For more, check out the latest GDP Byte.
