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Gross Domestic Product in the U.S. grew at 3.8% annual rate in 2004's last quarter which was a stronger than expected.

The improvement was largely due to robust business spending and the trade deficit not having as big of an impact as expected.

According to a Reuters article,

"Nearly half the revision stemmed from a stronger trade performance, reflecting more robust exports than previously thought. Statistics Canada corrected a $1.4 billion error in underestimating U.S. exports to Canada during November, and later data also showed the U.S. trade deficit for December narrowed more than had been anticipated.

Despite the fourth-quarter revision, there was no change in the government's calculation that GDP grew 4.4 percent during 2004, much stronger than the 3 percent increase posted in 2003 and the strongest for any year since 1999 when it expanded 4.5 percent."

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