Fourth Quarter GDP Growth Estimate Holds at 3%

Washington, DC, March 29, 2012 -- Gross domestic product for the fourth quarter rose at a 3.0% annualized rate, unrevised from the earlier estimate, the Commerce Department said.

Economists expected fourth-quarter growth to be revised up to a 3.2% rate.

Consumer spending rose 2.1% in the fourth quarter, unrevised from prior estimates.