April 27, 2012
April 27, 2012
Growth in Gross Domestic Product fell to 2.2 percent in the first quarter of 2012 after increasing at a 3.0 percent annualized rate in the fourth quarter of 2011 and 1.8 percent in the quarter before that. Increased accumulation of private inventories accounted for 0.59 percentage points to total growth compared with 1.81 percentage points in the previous quarter, but final demand rose at a 1.6 percent annualized rate compared with 1.1 percent in the fourth quarter of last year.
For more, check out the latest GDP Byte.
