Gross domestic product increased at a 5.9% annualized rate in the fourth quarter of 2009, surpassing economists’ estimates as well as an earlier 5.7% advance estimate made last month, the Commerce Department reported Friday.

The upwardly revised preliminary rate reflects more complete source data than was available for last month’s estimate, Commerce said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.