Market Review, November 2012

Publication Date: 

December 2012


U.S. third quarter real GDP grew at an annual growth rate of 2.7% according to the revised estimate, with accelerating inventory buildup and growth in exports offsetting anemic consumer spending and a drop in capital investment from the private sector. Government investment was revised up to 3.7% from 3.5%. Home building grew 14.2%, revised downward from 14.4%, as the construction industry is benefiting from record low interest rates brought on by the Federal Reserve’s continued accommodative monetary policies.