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CBRE WEBSITE --Key CRE Takeaways From A Whirlwind Week For U.S. Economy
January 31, 2014
U.S. GDP grew at a seasonally adjusted annual rate of 3.2% (preliminary) during Q4 2013. Growth was driven by the highest increase in consumer spending since 2010, strong growth in business investment in equipment, steady intellectual property and a rebound in exports. In all, economic momentum is building, with second-half 2013’s 3.65% growth rate more than doubling the first half’s 1.8% rate.
Q4 2013's GDP number, while still preliminary, was consistent with CBRE Research’s economic growth outlook for 2014. Continued growth will sustain the labor market recovery and will fuel continued improvements in fundamentals across all property types during 2014.