Gross Domestic Product by Industry: First Quarter 2018

Real estate and rental and leasing; information; and nondurable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2018. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the first quarter.

GDP by Industry July20

  •  Real estate and rental and leasing increased 3.3 percent in the first quarter, after increasing 1.9 percent in the fourth quarter.
  • Information services increased 6.8 percent, after decreasing 0.2 percent.
  • Nondurable goods manufacturing increased 3.8 percent, after increasing 3.1 percent.

GDP IND

For more information, read the full report.

New Foreign Direct Investment in the United States, 2017

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $259.6 billion in 2017, down 32 percent from $379.7 billion in 2016.

fdi0718

Additional highlights of the statistics on new foreign direct investment for 2017:

  • Expenditures for acquisitions were $253.2 billion, expenditures to establish new U.S. businesses were $4.1 billion, and expenditures to expand existing foreign-owned businesses were $2.4 billion.
  • Total planned greenfield investment expenditures—expenditures to establish new U.S. businesses and to expand existing foreign-owned U.S. businesses—for investments initiated in 2017, which include both first-year spending and planned spending in other years, totaled $24.8 billion.
  • Employment at newly acquired, established, or expanded foreign-owned businesses in the United States was 554,300 in 2017.

For more information, read the full report.

May 2018 Trade Gap is $43.1 Billion

The U.S. monthly international trade deficit decreased in May 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.1 billion in April (revised) to $43.1 billion in May, as exports increased more than imports. The previously published April deficit was $46.2 billion. The goods deficit decreased $2.6 billion in May to $65.8 billion. The services surplus increased $0.5 billion in May to $22.7 billion.

International Investment

Exports
Exports of goods and services increased $4.1 billion, or 1.9 percent, in May to $215.3 billion. Exports of goods increased $3.7 billion and exports of services increased $0.4 billion.

  • The increase in exports of goods mostly reflected increases in capital goods ($2.0 billion), in foods, feeds, and beverages ($1.7 billion), and in other goods ($0.9 billion). A decrease in industrial supplies and materials ($1.3 billion) partly offset the increases.
  • The increase in exports of services mostly reflected increases in transport ($0.1 billion), in other business services ($0.1 billion), which includes research and development services; professional and management services; and technical, trade-related, and other services, and in financial services ($0.1 billion).

Imports
Imports of goods and services increased $1.1 billion, or 0.4 percent, in May to $258.4 billion. Imports of goods increased $1.1 billion and imports of services decreased $0.1 billion.

  • The increase in imports of goods mostly reflected an increase in capital goods ($2.1 billion). Decreases in consumer goods ($0.5 billion), in other goods ($0.4 billion), and in automotive vehicles, parts, and engines ($0.3 billion) partly offset the increase.
  • The decrease in imports of services mostly reflected decreases in transport ($0.1 billion) and in travel (for all purposes including education) ($0.1 billion). An increase in other business services($0.1 billion) partly offset the decreases.

For more information, read the full report. 


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