Market Review, December 2011

Publication Date: 

December 2011


Third quarter real Gross Domestic Product was revised downward again. According to the third estimate released by the Bureau of Economic Analysis, third quarter GDP is reported to have increased 1.8% annualized, less than the 2.0% second estimate released in November and the 2.5% preliminary estimate reported in October. The chart below shows the quarterly real GDP growth during the past thirty years along with a historical average since 1947 and a 10 year moving average. The third quarter estimate of 1.8% is nearly half of the historical average of 3.26% and barely above the 10 year moving average.