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Q4 GDP revised upwards

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Q4 GDP revised upwards

GDP growth in Q4 revised to 1.0% from 0.7%.

US estimated real gross domestic product increased at an annual rate of 1.0% in the fourth quarter, according to a report issued by the Commerce Department today.  This is an upward revision from the previous estimate of 0.7% growth. This follows Q3 GDP growth of 2.0%. 

The revised figure was above analysts’ expectations for a downward revision to 0.4%.

The upward revision resulted primarily from higher-than-estimated growth in inventories, as well as higher-than-estimated expenditures on business equipment.

The growth in inventories in Q4 may dampen expectations for growth in the first three months of 2016, as businesses try to sell off excess inventories.

The full report can be found here.

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