Market Review, March 2013

Publication Date: 

April 2013

Summary: 

US real GDP increased at an annual rate of +0.4% in the fourth quarter of 2012, according to the third estimate released by Bureau of Economic Analysis (BEA). The revised estimate is 0.3% higher than the previous estimate, primarily reflecting additional further upward revisions to exports and nonresidential fixed investment. These gains were offset by further downward revisions to government spending. After this revision to fourth quarter growth, 2012 GDP growth was 2.2% compared to 1.8% in 2011.