The Second GDP estimate for Q4 GDP came in at 2.8 percent ? a decline from the advance estimate of 3.2 percent. The consensus, according to briefing.com, had expected a slight upward revision to 3.3, and briefing.com's own estimate was for 3.4. Here is an excerpt from the BEA announcement:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.8 percent in the fourth quarter of 2010, (that is, from the third quarter to the fourth quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.6 percent. The GDP estimates released today are based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 3.2
Complete Story »
Bonnie Jill Laflin Joanna Krupa Ashley Olsen Danneel Harris Veronika Vaeková
No comments:
Post a Comment