Archive for the 'GDP' Category

Finance and Insurance Led Growth in the Fourth Quarter

Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2016. Overall, 19 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

GDP By industry April 21 2017

  • Finance and insurance increased 6.3 percent in the fourth quarter, after increasing 9.0 percent in the third quarter.
  • Retail trade increased 5.7 percent, after increasing 2.6 percent.
  • Professional, scientific, and technical services increased 3.6 percent, after increasing 2.6 percent.

Real Value Added by Industry April 21 2017

For more information, read the full report.

GDP Increases in Fourth Quarter

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2016, according to the “third” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.5 percent.

Fourth‐quarter GDP highlights Q2Q Growth March 30
The increase in real GDP reflected an increase in consumer spending, private inventory
investment, residential investment, business investment, and state and local government spending. These contributions were partly offset by declines in exports and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Revisions Q2Q percent change march 30
The upward revision to real GDP growth was more than accounted for by an upward revision
to consumer spending, largely in services. This upward revision was partly offset by downward revisions to business investment and to exports.

Prices  
Prices of goods and services purchased by U.S. residents increased 2.0 percent in the fourth quarter after increasing 1.5 percent in the third quarter. Excluding energy and food, prices rose 1.6 percent after increasing 1.7 percent.

Corporate profits Q2Q Corporate Profits March 30
Profits increased 0.5 percent at a quarterly rate in the fourth quarter after increasing 5.8 percent in the third quarter.

Profits of nonfinancial corporations decreased 4.9 percent in the fourth quarter, profits of financial corporations increased 5.4 percent, and profits from the rest of the world increased 11.0 percent.

For more information, read the full report.


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