It turns out inventories were probably less of a boost to U.S. gross domestic product in the fourth quarter than first estimated, based on data released today from the Commerce Department.
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It also means the preliminary 3.8% annualized drop in fourth-quarter GDP will likely be revised downward. The preliminary number would have been worse, if not for a 1.6 percentage-point boost to the figure from inventory levels that now appears to be less substantial (the government estimates many of the December data points and revises the GDP figure as the actual numbers are tallied).
http://blogs.wsj.com/economics/2009/02/10/fourth-quarter-gdp-down-down-baby/
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