According to the advance fourth quarter 2013 GDP report, real GDP rose 3.2 percent, following 4.1 percent growth in the third quarter. The increase in real GDP in the fourth quarter primarily reflected positive contributions from consumer spending, net exports, private inventory investment, nonresidential investment, and state and local government spending that were partly offset by negative contributions from federal government spending and residential investment. This is the first time in 12 consecutive quarters that residential investment subtracted from GDP growth.
