Business News
US economy grows 2.8 per cent
Jan 27, 2012, 13:58 GMT
Washington - US gross domestic product (GDP) grew 2.8 per cent in last year's fourth quarter, according to an advance estimate released Friday by the Bureau of Economic Analysis (BEA).
The fourth-quarter figure is a rise from the previous quarter, which grew at 1.8 per cent.
Sales of computers in the United States added 0.18 percentage points to the fourth quarter GDP figures. Output in the auto industry added 0.30 percentage points after adding 0.12 percentage points in the third quarter, the BEA said.
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