March 26: GDP Rises 5.6% - Economic Highlights
GDP Final Q4 Estimates show GDP increased by 5.6%, less than the expected 5.9% increase, following a 5.9% estimated increase in the preliminary Q4 estimate (today’s release is based on a more complete set of data), after increasing by 2.2% in the third quarter of 2009. The increase in real GDP in the fourth quarter primarily reflected positive contributions from private inventory investment, personal consumption expenditures (PCE), nonresidential fixed investment, and exports.
Imports, which are a subtraction in the calculation of GDP, increased. The acceleration in real GDP in the fourth quarter primarily reflected acceleration in private inventory investment, an upturn in nonresidential fixed investment, a deceleration in imports, and an acceleration in exports that were partly offset by decelerations in PCE and in federal government spending.
Imports, which are a subtraction in the calculation of GDP, increased. The acceleration in real GDP in the fourth quarter primarily reflected acceleration in private inventory investment, an upturn in nonresidential fixed investment, a deceleration in imports, and an acceleration in exports that were partly offset by decelerations in PCE and in federal government spending.
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Personal Consumption Expenditures (03/29 at 8:30 AM EST)
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