Manufacturing Expands

The U.S. economy grew at an annualized rate of 5.9% in the fourth quarter 2009, according to revised estimates by the Bureau of Economic Analysis. Initial estimates pegged growth at 5.7%, but a more moderate decline in inventories coupled with a stronger expansion in business investments pushed the rate up. Revised estimates have fixed investments rising at an annualized rate of 6.5% in the fourth quarter, after dropping 5.9% in the third. Real GDP is 0.2% ahead of the fourth quarter 2008, the first time in recent years that GDP improved on a year-over-year...

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