U.S. GDP contracted in 4Q

Wednesday, January 30, 2013

The U.S. economy shrank 0.1 percent in the fourth quarter of 2012 after 3.1 percent growth the previous quarter, the Commerce Department reported Wednesday. It said the decline was mostly caused by lower inventory and military spending. The estimate could change after the government issues revised estimates based on more complete economic data in the coming weeks. Preliminary figures show the economy grew at a 2.2 percent pace last year compared to 1.8 perce...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.