Archive for the 'Bureau of Economic Analysis' Category

Real Disposable Personal Income Rises in October

Personal income increased 0.4 percent in October, the samePersonal Income Chart Nov 30 increase as in September. Wages and salaries, the largest component of personal income, increased 0.3 percent in
October after increasing 0.5 percent in September.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in October after increasing 0.4 percent in September.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in October after showing no change in September.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.1 percent in October after increasing 0.5 percent in September. Spending on durable goods decreased 0.1 percent in October after increasing 3.1 percent in September.

PCE prices increased 0.1 percent in October after increasing 0.4 percent in September. Excluding food and energy, PCE prices increased 0.2 percent in October, the same increase as in September.

Personal saving rate
Personal saving as a percent of DPI was 3.2 percent in October and 3.0 percent in September.

For more information, read the full report.

Personal Income Graph Nov 30

GDP Increases in Third Quarter

Real gross domestic product (GDP) increased 3.3 percent in the third quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter of 2017, real GDP increased 3.1 percent.

GDP highlightsQ2Q GDP Nov 29
The increase in real GDP reflected increases in consumer spending, inventory investment, business investment, and exports. A notable offset to these increases was a decrease in housing investment. Imports, which are a subtraction from GDP, decreased.

The increase in consumer spending reflected increases in spending on both goods and services. The increase in goods was primarily attributable to motor vehicles. The increase in services primarily reflected increases in health care, financial services and insurance, and recreation services.

The increase in inventory investment primarily reflected increases in the manufacturing and wholesale trade industries. The increase in business investment reflected increases in equipment and intellectual property products; these increases were partly offset by a decrease in structures.

The decrease in housing investment primarily reflected a decrease in brokers’ commissions.

Corporate profitsQ2Q Corporate Nov 29
Corporate profits increased 4.3 percent at a quarterly rate in the third quarter of 2017
after increasing 0.7 percent in the second quarter.

• Profits of domestic nonfinancial corporations increased 1.0 percent after increasing 4.9 percent.
• Profits of domestic financial corporations increased 13.7 percent after decreasing 7.1
percent.
• Profits from the rest of the world increased 4.5 percent after decreasing 2.5 percent.
Corporate profits increased 5.4 percent from the third quarter of 2016.

For more information, read the full report.

GDP Increases in Second Quarter

Real gross domestic product (GDP) increased 3.1 percent in the second quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “second” estimate released in August. In the first quarter, real GDP increased 1.2 percent.

GDP highlights
The second‐quarter increase in real GDP reflected increases in consumer spending on goods and services as well as increases in business investment, exports, and federal government spending.

The increase in consumer spending was led by increases in housing and utilities; other Q2Q Real Growth Sept 28services, notably in communication services; and other nondurable goods, primarily in prescription drugs. The increase in business investment reflected
increases in all three components: equipment, structures, and intellectual property products.

Partly offsetting these increases were declines in housing investment and state and local government spending.

Updates to GDP
The revision to the third estimate of GDP growth mainly reflected an upward revision to private inventory investment, notably farm inventories. For more information see the technical note.

Corporate profits
Corporate profits increased 0.7 percent at a quarterly rate in the second quarter of 2017 Q2Q Corporate Profits Sept 28after decreasing 2.1 percent in the first quarter.

• Profits of domestic nonfinancial corporations increased 4.9 percent after increasing 0.3 percent.
• Profits of domestic financial corporations decreased 7.1 percent after decreasing 7.9 percent.
• Profits from the rest of the world (net) decreased 2.5 percent after decreasing 2.1
percent.

Corporate profits increased 6.4 percent from the second quarter of 2016.

For more information, read the full report.

 


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