334 Appendix B. Fixed investment. Gross domestic product (percent change) Change in private inventories. Year or quarter. Nonresidential Residential

Size: px
Start display at page:

Download "334 Appendix B. Fixed investment. Gross domestic product (percent change) Change in private inventories. Year or quarter. Nonresidential Residential"

Transcription

1 2010 Table B 5. Contributions to percent change in real gross domestic product, Personal consumption expenditures Gross private domestic investment Gross domestic product (percent change) Goods Services Fixed investment Nonresidential Structures Residential Equipment software Change in private inventories p : I II III IV : I II III IV : I II III IV : I II III IV p See next page for continuation of table. 334 Appendix B

2 2010 Table B 5. Contributions to percent change in real gross domestic product, Continued Net exports of goods services Government consumption expenditures gross investment Net exports Exports Imports Goods Services Goods Services Federal National defense Nondefense p : I II III IV : I II III IV : I II III IV : I II III IV p Source: Department of Commerce (Bureau of Economic Analysis). State local National Income or Expenditure 335

3 2011 Table B 5. Contributions to percent change in real gross domestic product, Personal consumption expenditures Gross private domestic investment Gross domestic product (percent change) Goods Services Fixed investment Nonresidential Structures Residential Equipment software Change in private inventories p : I II III IV : I II III IV : I II III IV : I II III IV p See next page for continuation of table. 194 Appendix B

4 2011 Table B 5. Contributions to percent change in real gross domestic product, Continued Net exports of goods services Government consumption expenditures gross investment Net exports Exports Imports Goods Services Goods Services Federal National defense Nondefense p : I II III IV : I II III IV : I II III IV : I II III IV p Source: Department of Commerce (Bureau of Economic Analysis). State local National Income or Expenditure 195

5 2012 Table B 5. Contributions to percent change in real gross domestic product, Personal consumption expenditures Gross private domestic investment Gross domestic product (percent change) Goods Services Fixed investment Nonresidential Structures Residential Equipment software Change in private inventories p : I II III IV : I II III IV : I II III IV : I II III IV p See next page for continuation of table. 322 Appendix B

6 2012 Table B 5. Contributions to percent change in real gross domestic product, Continued Net exports of goods services Government consumption expenditures gross investment Net exports Exports Imports Goods Services Goods Services Federal National defense Nondefense p : I II III IV : I II III IV : I II III IV : I II III IV p Source: Department of Commerce (Bureau of Economic Analysis). State local National Income or Expenditure 323

7 2013 Table B 5. Contributions to percent change in real gross domestic product, Personal consumption expenditures Gross private domestic investment Gross domestic product (percent change) Goods Services Fixed investment Nonresidential Structures Residential Equipment software Change in private inventories p : I II III IV : I II III IV : I II III IV : I II III IV p See next page for continuation of table. 328 Appendix B

8 2013 Table B 5. Contributions to percent change in real gross domestic product, Continued Net exports of goods services Government consumption expenditures gross investment Net exports Exports Imports Goods Services Goods Services Federal National defense Nondefense p : I II III IV : I II III IV : I II III IV : I II III IV p Source: Department of Commerce (Bureau of Economic Analysis). State local National Income or Expenditure 329

GROSS DOMESTIC PRODUCT: THIRD QUARTER 2011 (SECOND ESTIMATE) CORPORATE PROFITS: THIRD QUARTER 2011 (PRELIMINARY)

GROSS DOMESTIC PRODUCT: THIRD QUARTER 2011 (SECOND ESTIMATE) CORPORATE PROFITS: THIRD QUARTER 2011 (PRELIMINARY) NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, NOVEMBER 22, 2011 BEA 11-55 Lisa Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov Greg Key: (202) 606-5564 (Profits) cpniwd@bea.gov Recorded

More information

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, MAY 27, 2010

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, MAY 27, 2010 NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, MAY 27, 2010 Lisa Mataloni: (202) 606-5304 (GDP) BEA 10-22 Andrew Hodge: (202) 606-5564 (Profits) Recorded message: (202) 606-5306 GROSS

More information

Graphs. Chapter 12. Updated Feb /12/2009 Leamer: Macroeconomic Patterns and Stories

Graphs. Chapter 12. Updated Feb /12/2009 Leamer: Macroeconomic Patterns and Stories Graphs Chapter 12 Updated Feb 29 Figure 12.1 Profile of Normal Growth Normal Growth: 3.3% IM PORTS -.57 EXPORTS.58 INVENTORY -.1 NET EXPORTS RESIDENCES FED NONDEFENSE DEFENSE STRUCTURES DURABLES STATE/LOCAL

More information

Goods -0.24% Services +0.97% Structures +0.34% Nonresidential +0.76% Fixed investment +0.76% Cap goods +0.27% Residential unch Int. property +0.

Goods -0.24% Services +0.97% Structures +0.34% Nonresidential +0.76% Fixed investment +0.76% Cap goods +0.27% Residential unch Int. property +0. Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: GDP Friday, April 27, 2018 Today's GDP data: what you need

More information

Goods +0.53% Services +0.93% Structures -0.15% Nonresidential -0.24% Fixed investment +0.03% Cap goods -0.15% Residential +0.27% Int. property +0.

Goods +0.53% Services +0.93% Structures -0.15% Nonresidential -0.24% Fixed investment +0.03% Cap goods -0.15% Residential +0.27% Int. property +0. Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: GDP Friday, January 29, 2016 Today's GDP data: what you need

More information

Topical: Natural Gas and Propane prices soar...

Topical: Natural Gas and Propane prices soar... (c) 2006-2014 Gary R. Evans. May be used for educational purposes only without permission of the author. The National Income and Product Accounts (NIPA) Data source for all slides are from the Bureau of

More information

Chapter 5: Gross Domestic Product Accounting GDP: What Approaches are used to measure GDP? Expenditure Income

Chapter 5: Gross Domestic Product Accounting GDP: What Approaches are used to measure GDP? Expenditure Income Chapter 5: Gross Domestic Product Accounting 2/7/00 GDP: GDP or Gross Domestic Product is the total value, measured in current prices, of all final goods and services, produced in the economy, during a

More information

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, MARCH 30, 2006

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, MARCH 30, 2006 NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, MARCH 30, 2006 Virginia H. Mannering: (202) 606-5304 (GDP) BEA 06-11 Greg Key: (202) 606-9727 (Profits) Recorded message: (202) 606-5306

More information

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, NOVEMBER 25, 2003

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, NOVEMBER 25, 2003 EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, NOVEMBER 25, 2003 Virginia H. Mannering: (202) 606-5304 (GDP) BEA 03-45 Kenneth A. Petrick: (202) 606-9738 (Profits) Recorded message: (202) 606-5306

More information

Name: Eddie Jackson. Course & Section: BU Unit: 6

Name: Eddie Jackson. Course & Section: BU Unit: 6 Name: Eddie Jackson Course & Section: BU204 02 Unit: 6 Date: July 16, 2012 Question: From our readings you ll remember that the Gross Domestic Product (GDP) is made up of four elements: (C) personal consumption

More information

US Gross Domestic Product

US Gross Domestic Product US Gross Domestic Product 8 GDP (left axis) GDP Price Index (right axis) 3.0 GDP Quarterly % Chg., Annual Rate 6 4 2 0 2.5 2.0 1.5 1.0 Year % Chg. Forecast: 5.5% Consensus: 5.5% Actual: 5.7% GDP Price

More information

Gross Domestic Product, Third Quarter 2018 (Third Estimate) Corporate Profits, Third Quarter 2018 (Revised Estimate)

Gross Domestic Product, Third Quarter 2018 (Third Estimate) Corporate Profits, Third Quarter 2018 (Revised Estimate) EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 21, 2018 BEA 18-71 Technical: Lisa Mataloni (GDP) (301) 278-9083 gdpniwd@bea.gov Kate Pinard (Corporate Profits) (301) 278-9417 cpniwd@bea.gov

More information

Real GDP: Percent change from preceding quarter

Real GDP: Percent change from preceding quarter EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, WEDNESDAY, AUGUST 30, 2017 BEA 17-42 Technical: Lisa Mataloni (GDP) (301) 278-9083 gdpniwd@bea.gov Kate Pinard (Corporate Profits) (301) 278-9417 cpniwd@bea.gov

More information

Real GDP: Percent change from preceding quarter

Real GDP: Percent change from preceding quarter EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, MARCH 28, 2019 BEA 19-12 Technical: David Sullivan (301) 278-9083 gdpniwd@bea.gov Kate Pinard (Corporate Profits) (301) 278-9417 cpniwd@bea.gov Media:

More information

Lecture 4: Real GDP, the First of the Big 3 Economic Activity Variables

Lecture 4: Real GDP, the First of the Big 3 Economic Activity Variables Lecture 4: Real GDP, the First of the Big 3 Economic Activity Variables Economists focus on the outlook for material progress. To generate an opinion about overall economic activity, economists perform

More information

Economic Indicators For Manufacturing Executives

Economic Indicators For Manufacturing Executives Economic Indicators For Manufacturing Executives Valuable Data for a Complex World Presented by: Cliff Waldman Chief Economist, MAPI Foundation cwaldman@mapi.net Today s Presentation The Value of Economic

More information

Principles of Macroeconomics Fall Answer Key - Problem Set 1

Principles of Macroeconomics Fall Answer Key - Problem Set 1 EC132.01(02) Serge Kasyanenko Principles of Macroeconomics Fall 2005 Answer Key - Problem Set 1 1. Gross Domestic Product, 2004 (millions of current dollars) I. Personal consumption expenditures 8214.3

More information

Decline in Economic Activity Larger Than Advance GDP Estimate February 27, 2009

Decline in Economic Activity Larger Than Advance GDP Estimate February 27, 2009 Northern Trust Global Economic Research 5 South LaSalle Chicago, Illinois 663 northerntrust.com Asha G. Bangalore agb3@ntrs.com Decline in Economic Activity Larger Than Advance GDP Estimate February 27,

More information

ECON 302 Fall 2009 Assignment #1 1

ECON 302 Fall 2009 Assignment #1 1 Assignment #1 1 Homework will be graded for both content and neatness. Sloppy or illegible work will not receive full credit. This homework requires the use of Microsoft Excel. 1) Assume that the economy

More information

The President s Report to the Board of Directors

The President s Report to the Board of Directors The President s Report to the Board of Directors April 4, 214 Current Economic Developments - April 4, 214 Data released since your last Directors' meeting show the economy was a bit stronger in the fourth

More information

US Economic Briefing: National Income Shares

US Economic Briefing: National Income Shares US Economic Briefing: National Income Shares June, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents

More information

Preview of the 2018 Comprehensive Update of the National Income and Product Accounts

Preview of the 2018 Comprehensive Update of the National Income and Product Accounts Preview of the 2018 Comprehensive Update of the National Income and Product Accounts Pamela Kelly, Erich H. Strassner, and David B. Wasshausen National Association for Business Economics Webinar June 28,

More information

United States. GDP Growth Annualized Percentage Change. Industrial Production Annualized Percentage Change

United States. GDP Growth Annualized Percentage Change. Industrial Production Annualized Percentage Change Output Indicators GDP Growth Annualized Percentage Change Industrial Production Annualized Percentage Change 0 2 4 6 2.3-5 0 5 4.5 GDP Growth Industrial Production 1.0 1.5 2.0 2.5 3.0 3.5 4.0 2.9-4 -2

More information

REAL GROSS domestic product (GDP) decreased

REAL GROSS domestic product (GDP) decreased February 13 1 GDP and the Economy Advance Estimates for the Fourth Quarter of 1 REAL GROSS domestic product (GDP) decreased.1 percent at an annual rate in the fourth quarter of 1 after increasing 3.1 percent

More information

Economic Indicators JUNE Prepared for the Joint Economic Committee by the Council of Economic Advisers. 113th Congress, 1st Session

Economic Indicators JUNE Prepared for the Joint Economic Committee by the Council of Economic Advisers. 113th Congress, 1st Session 113th Congress, 1st Session Economic Indicators JUNE 2013 (Includes data available as of July 5, 2013) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT

More information

National and Regional Update Charlotte Chapter of American Association of Individual Investors, Sept. 14, Rick Kaglic Senior Regional Economist

National and Regional Update Charlotte Chapter of American Association of Individual Investors, Sept. 14, Rick Kaglic Senior Regional Economist National and Regional Update Charlotte Chapter of American Association of Individual Investors, Sept. 14, 2013 Rick Kaglic Senior Regional Economist A Quick Disclaimer 2 Real Gross Domestic Product 2012

More information

Data source for all slides are from the Bureau of Economic Analysis unless otherwise indicated. See for data sources.

Data source for all slides are from the Bureau of Economic Analysis unless otherwise indicated. See  for data sources. The National Income and Product Accounts (NIPA) 2018 Gary R. Evans. This slide set by Gary R. Evans is licensed under a Creative Commons Attribution- NonCommercial-ShareAlike 4.0 International License.

More information

Decision Makers and Markets

Decision Makers and Markets Decision Makers and Markets Households S FINANCIAL Wages Rent Interest Profit T Budget C I Factors M. (Capital Labor) Government G Goods & Services Rest of world Firms Decision Makers and Markets Households

More information

IMF Executive Board Concludes Article IV Consultation with United States

IMF Executive Board Concludes Article IV Consultation with United States Tuesday 12 th July 2016 11:30 am International Prepared by: Ravi Kurjah, Analyst II, First Citizens Research and Analytics Ravi.Kurjah@firstcitizenstt.com IMF Executive Board Concludes Article IV Consultation

More information

Economic Indicators MARCH Prepared for the Joint Economic Committee by the Council of Economic Advisers. 115th Congress, 1st Session

Economic Indicators MARCH Prepared for the Joint Economic Committee by the Council of Economic Advisers. 115th Congress, 1st Session 115th Congress, 1st Session Economic Indicators MARCH 217 (Includes data available as of April 7, 217) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT

More information

Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama

Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama US Economic Outlook Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce The University of Alabama Composite Can and Tube Institute Annual Meeting Point Clear, Alabama May

More information

THE US ECONOMIC OUTLOOK:

THE US ECONOMIC OUTLOOK: THE US ECONOMIC OUTLOOK: Strong investment is needed to sustain strong growth in 2004-05. Weak job growth is associated with productivity; trade and health costs are secondary. To sustain long-term growth,

More information

Economic Indicators MARCH Prepared for the Joint Economic Committee by the Council of Economic Advisers. 114th Congress, 2nd Session

Economic Indicators MARCH Prepared for the Joint Economic Committee by the Council of Economic Advisers. 114th Congress, 2nd Session 114th Congress, 2nd Session Economic Indicators MARCH 216 (Includes data available as of April 4, 216) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT

More information

Economic Update Adrienne C. Slack March 2017

Economic Update Adrienne C. Slack March 2017 Economic Update Adrienne C. Slack March 2017 The views expressed are mine, and not necessarily those of the Atlanta Fed or the Federal Reserve System. 2 The Fed s Dual Mandate The Fed is pursuing two objectives

More information

Economic Performance. Sherif Khalifa. Sherif Khalifa () Economic Performance 1 / 39

Economic Performance. Sherif Khalifa. Sherif Khalifa () Economic Performance 1 / 39 Sherif Khalifa Sherif Khalifa () Economic Performance 1 / 39 People earning higher income levels enjoy higher living standards. To judge economic well being, we consider the total income in an economy.

More information

Revisions to BEA s Estimates of GDP and GDI

Revisions to BEA s Estimates of GDP and GDI Revisions to BEA s Estimates of GDP and GDI Dennis Fixler Presentation at Quarterly Meeting of Council of Professional Association on Federal Statistics (COPAFS) December 7, 2012 Outline Why are there

More information

Economic growth. The economy s need for workers originates in

Economic growth. The economy s need for workers originates in Economic growth 40 The economy s need for workers originates in the demand for the goods and services that they provide. So, in order to project employment, BLS starts by estimating the production of final

More information

Economic Indicators AUGUST Prepared for the Joint Economic Committee by the Council of Economic Advisers. 114th Congress, 1st Session

Economic Indicators AUGUST Prepared for the Joint Economic Committee by the Council of Economic Advisers. 114th Congress, 1st Session 114th Congress, 1st Session Economic Indicators AUGUST 215 (Includes data available as of September 4, 215) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT

More information

IS Curve Figure S = I + G T + NX. In case of (1) closed economy: NX = 0 (2) balanced budget: T = G S = I

IS Curve Figure S = I + G T + NX. In case of (1) closed economy: NX = 0 (2) balanced budget: T = G S = I Curve Figure = + G T + NX n case of (1) closed economy: NX = 0 (2) balanced budget: T = G = Private aving = nvestment Note that if G-T or NX changes then so do and nvestment and Real nterest Rate i (exp.)

More information

Economic Indicators AUGUST Prepared for the Joint Economic Committee by the Council of Economic Advisers. 114th Congress, 2nd Session

Economic Indicators AUGUST Prepared for the Joint Economic Committee by the Council of Economic Advisers. 114th Congress, 2nd Session 114th Congress, 2nd Session Economic Indicators AUGUST 216 (Includes data available as of September 2, 216) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT

More information

MEASURING NATIONAL OUTPUT AND NATIONAL INCOME. Chapter 18

MEASURING NATIONAL OUTPUT AND NATIONAL INCOME. Chapter 18 1 MEASURING NATIONAL OUTPUT AND NATIONAL INCOME Chapter 18 national income and product accounts Data collected and published by the government describing the various components of national income and output

More information

Chapter 1: The Data of Macroeconomics

Chapter 1: The Data of Macroeconomics Chapter 1: The Data of Macroeconomics Econ206 - Francesc Ortega August 31, 2011 Outline 1. The GDP 2. The inflation rate 3. The unemployment rate Reading: Mankiw 7e, chapter 2 Definition The Gross Domestic

More information

Aggregate Demand in Keynesian Analysis

Aggregate Demand in Keynesian Analysis Aggregate Demand in Keynesian Analysis By: OpenStaxCollege The Keynesian perspective focuses on aggregate demand. The idea is simple: firms produce output only if they expect it to sell. Thus, while the

More information

Charts Prepared for Beau Duncan

Charts Prepared for Beau Duncan Charts Prepared for Beau Duncan Yardeni Research, Inc. November 3, 217 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside

More information

Consensus Forecast 2004 and 2005

Consensus Forecast 2004 and 2005 Consensus Forecast 2004 and 2005 Eleventh Annual Auto Outlook Symposium Detroit, Michigan June 4, 2004 William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Review of past

More information

Slides for International Finance Macroeconomic Accounting (KO Chapter 12)

Slides for International Finance Macroeconomic Accounting (KO Chapter 12) Macroeconomic Accounting (KO Chapter 12) American University 2010-10-03 Preview and Product Accounts National income accounts Measure national income and value of production Measure value of expenditures

More information

GROSS DOMESTIC PRODUCTS IN THE THIRD QUARTER OF 2010

GROSS DOMESTIC PRODUCTS IN THE THIRD QUARTER OF 2010 GROSS DOMESTIC PRODUCTS IN THE THIRD QUARTER OF 2010 In the third quarter of 2010 GDP at current prices amounts to 19 403 million levs. In Euro terms GDP reaches to 9 920.6 million euro or 1 319.8 euro

More information

Business Situation. Preliminary Estimates for the First Quarter Real Gross Domestic Product Percent 10

Business Situation. Preliminary Estimates for the First Quarter Real Gross Domestic Product Percent 10 June 22 1 Business Situation Preliminary Estimates for the First Quarter 22 P RODUCTION in the United States surged in the first quarter of 22, while final sales slowed, according to the preliminary estimates

More information

Comparison of FRBNY Staff and Blue Chip Forecasts

Comparison of FRBNY Staff and Blue Chip Forecasts Comparison of and Forecasts Real GDP Growth Forecasts % Change (AR) % Change (AR) May Note: The blue band represents the top and bottom averages of the Blue Chip survey. Source: and Economic Indicators

More information

Fall 2018 Inforum Economic Outlook. Ronald Horst University of Maryland December 6, 2018

Fall 2018 Inforum Economic Outlook. Ronald Horst University of Maryland December 6, 2018 Fall 2018 Inforum Economic Outlook Ronald Horst University of Maryland December 6, 2018 Opinions on Economic Forecasting I respect economists, but they re usually wrong. Donald J. Trump, WSJ If there is

More information

Measuring National Output and National Income. Gross Domestic Product. National Income and Product Accounts

Measuring National Output and National Income. Gross Domestic Product. National Income and Product Accounts C H A P T E R 18 Measuring National Output and National Income Prepared by: Fernando Quijano and Yvonn Quijano Gross Domestic Product Gross domestic product (GDP) is the total market value of all final

More information

With the tax filing season in full swing, these summary

With the tax filing season in full swing, these summary NationalEconomicTrends March Income Taxes: Who Pays and How Much? With the tax filing season in full swing, these summary figures may provide some perspective on the issue of who is paying federal individual

More information

Input Demand: The Capital Market and. and the Investm entdecision. The Capital Market. Capital

Input Demand: The Capital Market and. and the Investm entdecision. The Capital Market. Capital C H A P T E R 10 Input Demand: The Capital Market and the Investment Decision Prepared by: Fernando Quijano and Yvonn Quijano The Capital Market 2of 34 Capital Capital are those goods produced by the economic

More information

The relatively slow growth of employment has

The relatively slow growth of employment has NationalEconomicTrends August Please go to researchstlouisfedorg/publications/net for important information about your subscription Labor s Share The relatively slow growth of employment has been a prominent

More information

There has been considerable discussion of the possibility

There has been considerable discussion of the possibility NationalEconomicTrends February Housing and the R Word There has been considerable discussion of the possibility that ongoing troubles in the housing market could push the economy into recession 1 But

More information

NationalEconomicTrends

NationalEconomicTrends NationalEconomicTrends January 000 The Economic Outlook for 000: Bulls on Parade? The heartening U.S. economic performance during the past four years has seemingly benefited everyone except those in the

More information

ctrends Nominal Vs. Real Wage Growth Growth of Wages Percent Change From Year Ago August 1997

ctrends Nominal Vs. Real Wage Growth Growth of Wages Percent Change From Year Ago August 1997 ctrends August 1997 Nominal Vs. Real Wage Growth Nominal wages, measured by nonfarm compensation per hour, grew at an average annual rate of 5.5 percent between 1947 and 1973 and 6 percent between 1973

More information

On October 4, 2006, President Bush signed the

On October 4, 2006, President Bush signed the NationalEconomicTrends December Political Economy of State Homeland Security Grants On October,, President Bush signed the Department of Homeland Security (DHS) Appro pri - ations Act for fiscal year 7

More information

The Federal Reserve has set the target range for the federal

The Federal Reserve has set the target range for the federal NationalEconomicTrends October Monetary Policy Stance: The View from Consumption Spending The Federal Reserve has set the target range for the federal funds at to 5 percent and intends to keep this near

More information

The chorus from Travis s 1947 song about the

The chorus from Travis s 1947 song about the NationalEconomicTrends December 7 What Do You Get for Sixteen Tons? You load sixteen tons, and what do you get? Another day older and deeper in debt Merle Travis The chorus from Travis s 197 song about

More information

Economic Performance. Sherif Khalifa. Sherif Khalifa () Economic Performance 1 / 55

Economic Performance. Sherif Khalifa. Sherif Khalifa () Economic Performance 1 / 55 Sherif Khalifa Sherif Khalifa () Economic Performance 1 / 55 People earning higher income levels also enjoy higher living standards. To judge economic well being, we consider the total income of an economy.

More information

Old Dominion University 2013 National Economic Outlook

Old Dominion University 2013 National Economic Outlook Old Dominion University 2013 National Economic Outlook January 30, 2013 Professor Vinod Agarwal Professor Mohammad Najand Professor Gary A. Wagner www.odu.edu/forecasting 1 Presentation Outline 2012 Scorecard

More information

NationalEconomicTrends

NationalEconomicTrends NationalEconomicTrends January 00 Stag-nations Economic growth in the United States has slowed substantially since the days of rapid expansion during the mid to late 1990s. According to preliminary estimates,

More information

PRESS RELEASE: THE DEPARTMENT OF STATISTICS RELEASES GROSS DOMESTIC PRODUCT (GDP) 2017 FIGURES

PRESS RELEASE: THE DEPARTMENT OF STATISTICS RELEASES GROSS DOMESTIC PRODUCT (GDP) 2017 FIGURES PRESS RELEASE: THE DEPARTMENT OF STATISTICS RELEASES GROSS DOMESTIC PRODUCT (GDP) 2017 FIGURES The National Accounts Section of the Department of Statistics announces the release of a revised data series

More information

Individual households and firms, as well as local, state,

Individual households and firms, as well as local, state, NationalEconomicTrends February 9 How Accu Are Forecasts in a Recession? Individual households and firms, as well as local, state, and federal governments, make economic decisions based on their view of

More information

In 2010, the first of the Baby Boom generation will

In 2010, the first of the Baby Boom generation will NationalEconomicTrends September 7 Can Social Security Survive the Baby Boomers? In 1, the first of the Baby Boom generation will reach age Many will choose to begin what they hope will be a long and financially

More information

House prices in the United States were 14.1 percent

House prices in the United States were 14.1 percent NationalEconomicTrends August How Much Have US House Prices Fallen? House prices in the United States were 11 percent lower in the first quarter of than they were a year earlier, according to a widely

More information

NationalEconomicTrends

NationalEconomicTrends NationalEconomicTrends August 001 The Switch to NAICS Measuring economic activity when the composition and quality of goods and services being produced is rapidly changing presents a perpetual challenge.

More information

Prosperity in the Age of Decline:

Prosperity in the Age of Decline: Prosperity in the Age of Decline: Presented by Brian Beaulieu Monday, May 2 1: p.m. 3: p.m. Sponsored by /27/216 Prosperity in the Age of Decline Brian Beaulieu, CEO ITR Economics MHEDA's 216 Annual Convention

More information

In the past three decades, the share of foreign-born

In the past three decades, the share of foreign-born NationalEconomicTrends June New Views on Immigration In the past three decades, the share of foreign-born workers in US total employment has increased markedly, from percent in 197 to 1 percent in Among

More information

Economic Update. Platts Aluminum Symposium 2014 Ft. Lauderdale, Florida January 13, Chris Oakley Federal Reserve Bank of Atlanta January 2014

Economic Update. Platts Aluminum Symposium 2014 Ft. Lauderdale, Florida January 13, Chris Oakley Federal Reserve Bank of Atlanta January 2014 1 Economic Update Platts Aluminum Symposium 2014 Ft. Lauderdale, Florida January 13, 2014 Chris Oakley Federal Reserve Bank of Atlanta January 2014 2 Summary of the Economic Environment 1. Economic growth

More information

The Election Economy. November 29, City of Georgetown

The Election Economy. November 29, City of Georgetown The Election Economy November 29, 2016 City of Georgetown More Growth Coming Why are people moving here? Citizens Quality of Life Planning for Growth 100% Renewable Energy by 2018 Transportation Investments

More information

Robbing Peter to Pay Uncle Sam?

Robbing Peter to Pay Uncle Sam? ' TM Second Quarter 1999 A Quarterly Publication of the Institute for Policy Innovation Robbing Peter to Pay Uncle Sam? Budget Surpluses Have Come Almost Entirely Out of Personal Savings The U.S. economy

More information

Sharp declines in home prices, followed by a financial

Sharp declines in home prices, followed by a financial NationalEconomicTrends April Household Retrenchment Sharp declines in home prices, followed by a financial crisis and a steep recession, rattled US households in Economic misfortunes have caused many to

More information

ECON 302 Fall 2009 Answers to Assignment #1 1

ECON 302 Fall 2009 Answers to Assignment #1 1 Answers to Assignment #1 1 Homework will be graded for both content and neatness. Sloppy or illegible work will not receive full credit. This homework requires the use of Microsoft Excel. 1) Assume that

More information

ECONOMIC AND FINANCIAL HIGHLIGHTS

ECONOMIC AND FINANCIAL HIGHLIGHTS ECONOMIC AND FINANCIAL HIGHLIGHTS HOUSING Mortgage Rates 2 Pending Home Sales 3 Home Prices 4 Construction Spending 5 Nonresidential Construction Spending 6 MANUFACTURING Purchasing Managers Index 7 New

More information

ECON 3010 Intermediate Macroeconomics. Chapter 2 The Data of Macroeconomics

ECON 3010 Intermediate Macroeconomics. Chapter 2 The Data of Macroeconomics ECON 3010 Intermediate Macroeconomics Chapter 2 The Data of Macroeconomics IN THIS CHAPTER, YOU WILL LEARN: the meaning and measurement of the most important macroeconomic statistics: gross domestic product

More information

NationalEconomicTrends

NationalEconomicTrends NationalEconomicTrends October 001 Give Me Your Skilled. A previous issue of National Economic Trends (January 001) identified the role of immigration in sustaining the rate of U.S. population growth in

More information

Since the financial crisis began in mid-2007, media

Since the financial crisis began in mid-2007, media NationalEconomicTrends August Commercial Bank Lending Data during the Crisis: Handle with Care Since the financial crisis began in mid-7, media sources and academics alike have scrutinized data from the

More information

U.S. Cement & Construction Forecast

U.S. Cement & Construction Forecast U.S. Cement & Construction Forecast The Outlook Worsens Overview The economy is expected to weaken through the first half of 2009. Real GDP is expected to grow less than 1% during 2008 and 2009. Consumer

More information

U.S. CAPITAL MARKETS DECK

U.S. CAPITAL MARKETS DECK U.S. CAPITAL MARKETS DECK SIFMA RESEARCH SEPTEMBER 217 Introduction The United States has the largest and deepest capital markets in the world according to the Federal Reserve, capital markets provide

More information

HANDBOOK OF CYCLICAL INDICATORS

HANDBOOK OF CYCLICAL INDICATORS HANDBOOK OF CYCLICAL INDICATORS A Supplement To The Business Conditions Digest BUREAU OF ECONOMIC ANALYSIS George Jaszi, Director Allan H. Young, Deputy Director Beatrice N. Vaccara, Associate Director

More information

THE NATIONAL income and product accounts

THE NATIONAL income and product accounts 16 February 2008 The Reliability of the and GDI Estimates By Dennis J. Fixler and Bruce T. Grimm THE NATIONAL income and product accounts (NIPAs) provide a timely, comprehensive, and reliable description

More information

An Update on Economic Conditions. January 5, 2010

An Update on Economic Conditions. January 5, 2010 An Update on Economic Conditions Raymond Owens January 5, 21 Real Gross Domestic Product 8 7 6 5 4 Percent change from previous quarter at annual rate 3 Q3 2.2% 2 1-1 -2-3 -4-5 -6-7 21 22 23 24 25 26 27

More information

NationalEconomicTrends

NationalEconomicTrends NationalEconomicTrends August 1999 Historical CPI Inflation Under Current Calculation Methods During the 1990s, a much-discussed topic among policymakers and in financial markets has been the possibility

More information

The National Bureau of Economic Research (NBER)

The National Bureau of Economic Research (NBER) NationalEconomicTrends July Using Stock Market Liquidity to Forecast Recessions The National Bureau of Economic Research (NBER) Business Cycle Dating Committee (the committee that dates U.S. recessions)

More information

The effect that housing has on the economy has received

The effect that housing has on the economy has received NationalEconomicTrends May Boom & Gloom in Housing Markets: The Sequel The effect that housing has on the economy has received increased attention in recent years first for the recordhigh boom in house

More information

What Determines Long-Run Growth?

What Determines Long-Run Growth? September 1997 What Determines Long-Run Growth? In the first quarter of 1997, real gross domestic product (GDP) grew at a surprising 4.9 percent annual rate. The general consensus among economists is that

More information

Many analysts have argued that a housing boom preceded

Many analysts have argued that a housing boom preceded NationalEconomicTrends September The Financial Services Sector: Boom and Recession Many analysts have argued that a housing boom preceded the recent financial crisis and economic slowdown Innovations in

More information

Chapter 8 GDP: # Measuring Total Production and Income

Chapter 8 GDP: # Measuring Total Production and Income Macroeconomics 6 th edition # Chapter 8 GDP: # Measuring Total Production and Income Modified by Yulin Hou For Principle of Macroeconomics Florida International University Summer 2017 pyright 2017 Pearson

More information

GROSS DOMESTIC PRODUCT, THIRD QUARTER OF 2018 (PRELIMINARY DATA)

GROSS DOMESTIC PRODUCT, THIRD QUARTER OF 2018 (PRELIMINARY DATA) GROSS DOMESTIC PRODUCT, THIRD QUARTER OF 2018 (PRELIMINARY DATA) In the third quarter of 2018 Gross Domestic Product (GDP) 1 at current prices amounts to 29 822 million BGN. In Euro terms GDP is 15 248

More information

Jason Henderson Vice President and Branch Executive Federal Reserve Bank of Kansas City Omaha Branch March 2, 2012

Jason Henderson Vice President and Branch Executive Federal Reserve Bank of Kansas City Omaha Branch   March 2, 2012 Jason Henderson Vice President and Branch Executive March 2, 2012 The views expressed are those of the author and do not necessarily reflect the opinions of the Federal Reserve Bank of Kansas City or the

More information

Recently the Federal Open Market Committee

Recently the Federal Open Market Committee NationalEconomicTrends Deflation, Corrosive and Otherwise Recently the Federal Open Market Committee (FOMC) mentioned deflation as a possible risk for the U.S. economy. In the statement released after

More information

Leeds Business Confidence Index

Leeds Business Confidence Index First Quarter 2018 Volume 11, number 1 colorado.edu/business/brd Leeds Business Confidence Rebounds Ahead of Q1 2018 The Leeds Business Confidence Index (LBCI) captures Colorado business leaders expectations

More information

The U.S. economy has experienced sustained trend

The U.S. economy has experienced sustained trend NationalEconomicTrends October Some Incomes Are Less Average than Others The US economy has experienced sustained trend growth of GDP and a decline in the volatility of macroeconomic variables since the

More information

The U.S. economy s remarkable resilience in the face

The U.S. economy s remarkable resilience in the face NationalEconomicTrends May Please see page for important information about your subscription Entrepreneurship The US economy s remarkable resilience in the face of shocks arguably owes to an array of institutions

More information

Chapter 6 Measuring National Output and National Income. Kazu Matsuda IBEC 203 Macroeconomics

Chapter 6 Measuring National Output and National Income. Kazu Matsuda IBEC 203 Macroeconomics Chapter 6 Measuring National Output and National Income Kazu Matsuda IBEC 203 Macroeconomics MEASURING NATIONAL OUTPUT AND NATIONAL INCOME MEASURING NATIONAL OUTPUT AND NATIONAL INCOME National income

More information

Diversifying growth is beneficial

Diversifying growth is beneficial Craig Holke Investment Strategy Analyst WEEKLY GUIDANCE ON ECONOMIC AND GEOPOLITICAL EVENTS December 4, 2018 Resilient U.S. Economy Continues Its Solid Growth Key takeaways» The U.S. economy continues

More information

Macroeconomic Measurement and Business Cycles

Macroeconomic Measurement and Business Cycles Macroeconomic Measurement and Business Cycles Economics 4353 - Intermediate Macroeconomics Aaron Hedlund University of Missouri Fall 2015 Econ 4353 (University of Missouri) Measurement and Business Cycles

More information

Gus Faucher Stuart Hoffman William Adams Kurt Rankin Chief Economist Senior Economic Advisor Senior Economist Economist

Gus Faucher Stuart Hoffman William Adams Kurt Rankin Chief Economist Senior Economic Advisor Senior Economist Economist March 218 Gus Faucher Stuart Hoffman William Adams Kurt Rankin Chief Economist Senior Economic Advisor Senior Economist Economist Executive Summary Job Growth Picks Up in 218, Inflation Pressures Are Building

More information