Revised data released by the Commerce Department on Thursday showed U.S. gross domestic product jumped by slightly more than originally estimated in the fourth quarter of 2020.
The Commerce Department said GDP surged up by 4.1 percent in the fourth quarter compared to the previously reported 4.0 percent spike. The upward revision matched economist estimates.
The slightly stronger than previously estimated GDP growth reflected upward revisions to residential fixed investment, private inventory investment, and state and local government.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.