Monday, March 28, 2011

Q4 2010 GDP 3rd Estimate - 3.1%

Q4 GDP 2010 was revised up to 3.1%. The 2nd revision was 2.8%, and the Q4 advance estimate was 3.2%. The strong upward revision to 3.1% is a result of a revision reduction in the negative GDP contribution changes in private inventories made and a upward revision in nonresidential investment. Here are the BEA GDP releases and website.

 

 

For the entire year, GDP increased 2.9% in 2010, revised upward 0.1%. This is in comparison to -2.6% annual GDP growth for 2009. Q4 GDP increased 2.8% in comparison to the 4th quarter of 2009. Below is annual real GDP, going back to the 90's. As you can see, we ain't roarin'.

 



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