Q4 GDP Rises 2.8%; Equipment/Software Investment Up 5.2%



The Commerce Department reported that real gross domestic product increased 2.8% in Q4/11, after increasing 1.8% in Q3/11, according to the advance estimates by the Bureau of Economic Analysis.

Investment in equipment and software increased 5.2%, compared with an increase of 16.2% in the third quarter.

According to the news release, the increase in real GDP in the fourth quarter reflected positive contributions from private inventory investment, personal consumption expenditures, exports, residential fixed investment and nonresidential fixed investment that were partly offset by negative contributions from federal government spending and state and local government spending. Imports, which are a subtraction in the
calculation of GDP, increased.

To read the full BEA news release click here.


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