Feb. 2, 2004: U.S. Economy Grows 4 Percent In Fourth Quarter
Major contributors to fourth quarter growth included equipment and software as well as residential fixed investment. However, both those areas grew more slowly than they did in the third quarter. But that was partly offset by an upturn in inventory investment.
For the full year, the U.S. economy advanced by 3.1 percent in 2003, the best performance since 2000.
Publication date: 02/02/2004