GDP and the Economy: Second Estimates for the Fourth Quarter of 2011

摘要

REAL GROSS domestic product (GDP) increased 3.0 percent at an annual rate in the fourth quarter of 2011, according to the second estimates of the national income and product accounts (NIPAs) (chart 1 and table 1). The second estimate of real GDP growth was revised up 0.2 percentage point from the advance estimate, reflecting an upward revision to nonresidential fixed investment, a downward revision to imports, and an upward revision to consumer spending. In the third quarter, real GDP increased 1.8 percent.