MA Monthly GDP declined 0.8% in December

Monthly GDP declined 0.8% in December following a cumulative 1.8% increase over the previous two months. Monthly GDP rose at an average annual rate of 3½% over the second half of 2009, following a roughly flat trend over the first half of the year. The decrease in monthly GDP in December was fully accounted for by a sharp decline in inventory investment. Positive contributions from PCE, capital goods, and the "not covered" portion were offset by net exports and construction. Monthly GDP in December was 1.7% below the fourth-quarter average at an annual rate. Increases of about 0.6% per month in the first quarter would support our latest tracking forecast of 3.1% growth (annual rate) for the quarter.

Link to the December Report and historical data
Background on MA's Monthly GDP
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