Market Review, February 2013

Publication Date: 

March 2013

Summary: 

U.S. real GDP increased at an annual rate of +0.1% in the fourth quarter of 2012, according to the second estimate released by Bureau of Economic Analysis (BEA). The revised estimate is 0.2% higher than the revious estimate, primarily reflecting an upward revision to exports and nonresidential fixed investment, along with a downward revision to imports - all of which were partly offset by the downward revision to private inventory investment. While the revised estimate changes the direction of real GDP growth, it was lower than the expected +0.5% and significantly lower than the previous quarter’s +3.1%. Real GDP increased 2.2% in 2012, after increasing 1.8% in 2011.