The economy grew slower than initially estimated in the final quarter of 2010. In the fourth quarter, GDP increased 2.8% over the previous quarter at a seasonally adjusted annualised rate, according to the 25 February estimate released by the Bureau of Economic Analysis (BEA). The figure was down from the 3.2% expansion previously reported but still represents an acceleration compared to the 2.6% growth recorded in Q3. The downward revision reflected slower growth in domestic demand, while the contribution from net exports remained broadly unchanged. Personal consumption expenditures were revised to a 4.1% expansion (initially reported: +4.4% qoq saar). In contrast, fixed investment was stronger than previously estimated, expanding 4.8% (initially reported: +4.2% qoq saar), amid faster growth in non-residential investment. Residential investment, however, expanded at a slower clip than previously reported. In the external sector, exports expanded at a pace of 9.6% (previously reported: +8.5% qoq saar) while imports contracted 12.4% (previously reported: -13.6% qoq saar). As a result, the net contribution from the external sector to overall growth was lowered a notch to 3.44 percentage points (initially reported: +3.55 percentage points).
United States GDP
Q4 growth revised downwards
February 25, 2011
Looking for forecasts related to GDP in United States? Download a sample report now.
United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.