Fourth Quarter GDP Rises 5.7%

January 29, 2010 8:48 AM EST
Fourth quarter GDP, increased at an annual rate of 5.7 percent up from the forecast of a 4.7 percent rise and up form a 2.2 percent increase in the third quarter.

Today's number is the advance estimate and a "second" estimate for the fourth quarter, based on more complete data, will be released on February 26, 2010.

The increase in real GDP in the fourth quarter primarily reflected positive contributions from
private inventory investment, exports, and personal consumption expenditures (PCE). Imports, which
are a subtraction in the calculation of GDP, increased.

The acceleration in real GDP in the fourth quarter primarily reflected an acceleration in private
inventory investment, a deceleration in imports, and an upturn in nonresidential fixed investment that
were partly offset by decelerations in federal government spending and in PCE.

Motor vehicle output added 0.61 percentage point to the fourth-quarter change in real GDP after
adding 1.45 percentage points to the third-quarter change. Final sales of computers subtracted 0.03
percentage point from the fourth-quarter change in real GDP after subtracting 0.08 percentage point
from the third-quarter change.

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