WASHIHNGTON (MarketWatch)
The U.S. economy grew at a 3.2% annual pace in the fourth quarter, fueled by the biggest rise in consumer spending in three years and a snapback in business investment
Strong net exports also boosted growth, the Commerce Department s aid Thursday
Economists polled by MarketWatch had forecast a 3.3% gain in gross domestic product
The largely positive fourth-quarter reading follows on the heels of a 4.1% increase in the third quarter, marking the best back-to-back growth since the end of 2011 and start of 2012 Consumer spending jumped 3.3% in the fourth quarter, the best performance since 2010
Business investment also rebounded - companies raised spending on equipment by 6.9% after a measly 0.2% increase in the third quarter
Exports, meanwhile, jumped 11.4% while imports rose just 0.9%
Growth in the fourth quarter would have been stronger if not for the government shutdown in October
Federal spending sank 12.6%, overshadowing another increase in state and local spending
The housing market also became a drag on the economy for the first time in almost three years, as rising home prices and higher mortgage rates dampened demand
Residential construction outlays fell 9.8% on an annual basis
In a bit of a surprise, companies rapidly added to inventories again, perhaps a sign that they expect sales to strengthen in early 2014 Inventories climbed by $127.2 billion after a large $155.7 billion increase in the third quarter
The annualized pace of inflation, as measured by the PCE index, rose a scant 0.7% in the fourth quarter
The core index rose 1.1%
For all of 2013 the U.S. grew just 1.9% compared to 2.8% in 2012, but the economy picked up lots of momentum in the second half of the year
Many economists believe that's a sign of things to come
The U.S. economy grew at a 3.2% annual pace in the fourth quarter, fueled by the biggest rise in consumer spending in three years and a snapback in business investment
Strong net exports also boosted growth, the Commerce Department s aid Thursday
Economists polled by MarketWatch had forecast a 3.3% gain in gross domestic product
The largely positive fourth-quarter reading follows on the heels of a 4.1% increase in the third quarter, marking the best back-to-back growth since the end of 2011 and start of 2012 Consumer spending jumped 3.3% in the fourth quarter, the best performance since 2010
Business investment also rebounded - companies raised spending on equipment by 6.9% after a measly 0.2% increase in the third quarter
Exports, meanwhile, jumped 11.4% while imports rose just 0.9%
Growth in the fourth quarter would have been stronger if not for the government shutdown in October
Federal spending sank 12.6%, overshadowing another increase in state and local spending
The housing market also became a drag on the economy for the first time in almost three years, as rising home prices and higher mortgage rates dampened demand
Residential construction outlays fell 9.8% on an annual basis
In a bit of a surprise, companies rapidly added to inventories again, perhaps a sign that they expect sales to strengthen in early 2014 Inventories climbed by $127.2 billion after a large $155.7 billion increase in the third quarter
The annualized pace of inflation, as measured by the PCE index, rose a scant 0.7% in the fourth quarter
The core index rose 1.1%
For all of 2013 the U.S. grew just 1.9% compared to 2.8% in 2012, but the economy picked up lots of momentum in the second half of the year
Many economists believe that's a sign of things to come
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Consumer sentiment falls to 81.2 in Jan
Índice de gestores de compra de Chicago 59,6 59,0 60,8
Ingresos personales (Mensualmente) 0,0% 0,2% 0,2%
Índice del Coste del Empleo (trimestralmente) 0,5% 0,4% 0,4%
Índice de precios subyacente del gasto en consumo personal (Mensualmente) 0,1% 0,1% 0,1%
Gasto personal (Mensualmente) 0,4% 0,2% 0,6%
Consumo Personal Real (Mensualmente) 0,2% 0,6%
WASHINGTON (MarketWatch) -- Consumer sentiment declined in January, hitting a final reading of 81.2 from a final December level of 82.5, according to Friday reports on a gauge from the University of Michigan and Thomson Reuters. A preliminary estimate for January was 80.4. Economists polled by MarketWatch had expected a final January reading of 81, with weak jobs growth continuing to weigh on consumers. Economists watch sentiment levels to get a feeling for the direction of consumer spending. The government reported Friday that consumer spending rose sharply in December
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