- Revised down from +2.2% in the advance estimate
- GDP deflator +1.7% vs +1.5% expected
- Final sales +1.7% vs +1.5% exp
- Consumer spending +2.7% vs +2.9% in advanced report
- Corporate profits grew at the slowest pace in three years
- Business investment +1.9% vs previous -2.1%
Not many bright spots in the details, especially with most economists looking for the consumer to carry the recovery. From Bloomberg:
Wages and salaries rose by $28.9 billion in the fourth quarter, less than the $89.1 billion gain previously reported. That dropped the saving rate to 4.2 percent at the end of 2011.