Market Review, December 2010

Publication Date: 

December 2010

Summary: 

The U.S. real GDP was revised upward to an annual rate of +2.6% in the third quarter according to the third and final estimate. This is higher than the earlier estimate of +2.5% but below the +2.8% consensus estimate. The modest increase can be attributed to a slight reduction in consumer spending offset by a slight increase in inventories. Second quarter GDP grew at +1.72%.