US GDP revised up to 0.4% in Q4

clock

Q4 2012 US GDP has been revised up from 0.1% to 0.4%, though the figure remains the lowest level of quarterly growth seen since Q1 2011.

The third estimate for Q4 is also well short of the previous quarter's 3.1% growth figure. Though a sharp fall in defence spending continued to weigh, inventories knocked 1.52 percentage points from the GDP growth rate in Q4, less than had been expected in last estimate, which was published on 28th February. Consumer spending expanded at a 1.8% annual rate, slower than the government's previous estimate, while business investment rose at a 13.2% rate, a larger than expected gain, with the extra growth coming from stronger construction activity. Stronger exports also helped raise th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot