The US Bureau of Economic Analysis today issued some early-stage results for 2021, and the preliminary results were positive, for a change. Based on their analysis, 4th quarter 2021 GDP grew by 6.9%, the largest increase since 1984 (during the Regan Administration). This far exceeded the estimate of 5.5% made by industry economists. On an annualized basis, GDP rose by 5.7% vs. a decrease of 3.4% in 2020. All subcomponents reflected an increase, including nonresidential fixed investment, exports, residential fixed investment, and private inventory investment. Consumer goods and services also increased during the period.