Market Review, December 2013

Publication Date: 

January 2014

Summary: 

In December, the final estimate of U.S. third quarter real GDP was revised to a 4.1% annualized pace, up from an estimate of 3.6% in November. The results reflect a gain over the second quarter growth of 2.5%. The increase in the latest estimate was almost entirely due to further growth in private inventory investment. Additions to inventory added 1.67% to the change in real GDP, after having added 0.41% in the previous quarter. Gross domestic income was a drag on GDP, only rising 1.8% after a 3.2% increase in the second quarter.