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Revised GDP

Posted February 29, 2012 by Editor

[private]Fourth quarter GDP growth is revised up by 0.2 percentage point, to +3.0%, modestly firmer than expected (Consensus: unrevised at +2.8%; Decision Economics: +2.9%), in the widely anticipated pattern of small changes to individual components.  One upshot was a favorable, but small, upward revision to final sales, from +0.8% to +1.1%.