A message from Brian Moyer, Director of the Bureau of Economic Analysis.
Real GDP increased 2.9 percent, primarily reflecting positive contributions from consumer spending, business investment, exports, residential investment, state and local government spending, and federal government spending.
Net government saving decreased $112.3 billion to −$904.1 billion. Net federal government saving decreased, while net state and local government saving increased.
A look at the major changes in statistics, definitions, and presentations to be introduced as part of the upcoming update.
The current-account deficit increased $26.7 billion to $128.2 billion. In the financial account, net U.S. borrowing decreased $92.0 billion to $29.8 billion.
The net international investment position was −$7,845.8 billion at the end of the fourth quarter, down from −$7,739.7 billion at the end of the third quarter.