Real GDP increased 3.1 percent after increasing 2.6 percent in the third quarter. Imports turned down, consumer spending picked up, residential investment turned up, and exports accelerated.

Net government saving fell $0.8 billion to –$1,294.8 billion. Net federal government saving rose $9.0 billion to –$1,334.4 billion. Net state and local government saving fell $8.1 billion to $39.6 billion.

Updated statistics, including statistics on inventories for manufacturing by stage of fabrication.

The U.S. current-account deficit decreased $12.1 billion to $113.3 billion, reflecting a decrease in the deficit on goods and an increase in the surplus on services. Net financial inflows decreased. In 2010, the current-account deficit increased to $470.2 billion.

State personal income for the nation averaged 0.9 percent growth in the fourth quarter of 2010. Growth ranged from 0.5 percent in Maine to 2.3 percent in South Dakota. In 2010, state personal income for the nation averaged 3.0 percent growth.