Real GDP increased 2.8 percent after increasing 2.6 percent in the third quarter. Imports turned down, consumer spending picked up, residential investment turned up, and exports accelerated.
Every year, BEA prepares federal government estimates that are based on the proposed budget of the U.S. government. This analysis is often used to gauge the effect of the federal budget on U.S economic activity.
Real GDP contracted in 292 of the nation’s 366 metropolitan areas in 2009, reflecting decreases in durable-goods manufacturing, construction, and professional and business services. In 2008, real GDP contracted in 200 areas.
Upcoming in the Survey...
U.S. International Transactions. Statistics for the fourth quarter of 2010 and for 2010.
Regional Quarterly Report. State personal income for the fourth quarter of 2010 and per capita personal income for 2010.