Archive for the 'BEA News' Category

GDP Increases in First Quarter

Real gross domestic product (GDP) increased 1.4 percent in the first quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.2 percentage point higher than the “second” estimate released last month. In the fourth quarter of 2016, real GDP increased 2.1 percent.

GDP highlightsQ2Q GDP June 29

The increase in real GDP was accounted for by increases in business investment, exports, consumer spending, and housing investment. These increases were partly offset by decreases in inventory investment and government spending. Imports, which are a subtraction from GDP, increased.

 

 

RevisionsQ2Q Percent change june 29
The upward revision to real GDP growth primarily reflected upward revisions to consumer spending on services and to exports, which were partly offset by a downward revision to business investment.

 

Prices 
Prices of goods and services purchased by U.S. residents increased 2.5 percent in the first quarter after increasing 2.0 percent in the fourth quarter. Excluding energy and food, prices rose 2.2 percent after increasing 1.6 percent.

Q2Q Corporate Profits

Corporate Profits
Corporate profits decreased 2.3 percent at a quarterly rate in the first quarter of 2017 after increasing 0.5 percent in the fourth quarter of 2016.

Profits of domestic nonfinancial corporations decreased 1.0 percent after decreasing 4.9
percent. Profits of domestic financial corporations decreased 5.4 percent after
increasing 5.4 percent. Profits from the rest of the world decreased 2.1 percent after
increasing 11.0 percent.

Over the last 4 quarters, corporate profits
increased 3.3 percent.

For more information, read the full report. 

U.S. Net International Investment Position First Quarter 2017

Preliminary Statistics for U.S. Net International Investment Position

The U.S. net international investment position increased to −$8,217.4 billion (preliminary) atthe end of the first quarter of 2017 from −$8,318.4 billion (revised) at the end of the fourth quarter of 2016.

Photos for 2nd blog

  • The net investment position increased 1.2 percent in the first quarter, compared with a decrease of 3.5 percent in the fourth quarter and an average quarterly decrease of 5.7 percent from the first quarter of 2011 through the third quarter of 2016.
  • U.S. assets increased $983.8 billion to $24,833.2 billion, reflecting a $1,246.1 billion increase in assets excluding financial derivatives that was partly offset by a $262.3 billion decrease in financial derivatives. The increase in assets excluding financial derivatives mostly reflected increases in portfolio investment and direct investment assets.
  • U.S. liabilities increased $882.8 billion to $33,050.6 billion, reflecting a $1,125.4 billion increase in liabilities excluding financial derivatives that was partly offset by a $242.6 billion decrease in financial derivatives. The increase in liabilities excluding financial derivatives mostly reflected increases in portfolio investment and direct investment liabilities.

For more information, read the full report here.

U.S. Net International Investment Position Year 2016

The U.S. net international investment position decreased to −$8,318.4 billion (revised) at the end of 2016 from −$7,493.5 billion (revised) at the end of 2015.

US International Net june 28

  • The net investment position decreased $824.9 billion or 11.0 percent in 2016 compared with a decrease of 7.4 percent in 2015.
  • U.S. assets increased $497.1 billion to $23,849.4 billion, reflecting a $716.3 billion increase in assets excluding financial derivatives that was partly offset by a $219.3 billion decrease in financial derivatives. The increase in assets excluding financial derivatives mostly reflected increases in direct investment and portfolio investment assets.
  • U.S. liabilities increased $1,322.0 billion to $32,167.8 billion, reflecting a $1,546.2 billion increase in liabilities excluding financial derivatives that was partly offset by a $224.3 billion decrease in financial derivatives. The increase in liabilities excluding financial derivatives reflected increases in direct investment and portfolio investment liabilities.

For more information, read the full report.


Enter your email address to follow this blog and receive notifications of new posts by email.

Archives