Update: Q4 GDP Up 0.1%

Real GDP growth oozed forward at an annual rate of 0.1% for Q4 2012, according to a Commerce Department report [link opens in PDF] released today. While the report shows a brighter picture than the Department's initial estimate of a 0.1% decrease for the fourth quarter, it clocks in far behind analyst expectations of a 0.5% bump.

After Q3 2012's 3.1% growth rate, these newest numbers don't support signs of a quickly improving economy.

US Real GDP Growth Chart

US Real GDP Growth data by YCharts.

After increasing 1.9% in Q3, exports fell 3.9% for the fourth quarter. Government spending also declined, dropping 14.8% after a 9.5% bump in the third quarter. Inventories knocked 1.55 percentage points off GDP growth.

Personal spending bumped up 2.1%, while fixed investment led fourth-quarter improvements. Nonresidential fixed investment increased 9.7%, while residential fixed investment jumped 17.5%.

A third estimate of Q4 GDP is expected to be released on March 28.   


The article Update: Q4 GDP Up 0.1% originally appeared on Fool.com.

You can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.