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

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1 Output Indicators GDP Growth Annualized Percentage Change Industrial Production Annualized Percentage Change GDP Growth Industrial Production

2 Contribution to Change in GDP (1) Personal Consumption Expenditures Investment and Inventories Net Exports of Goods and Services Government Consumption and Investment NOTE: All of the above are seasonally adjusted data at annual rates in real dollars. Analytics

3 Contribution to Change in GDP (2) Fixed Investment Inventories Imports Exports NOTE: All of the above are seasonally adjusted data at annual rates in real dollars. Analytics

4 Growth Indicators Leading Indicators Composite Index 2010 = Institute for Supply Management PMI and NMI Composite Indexes Manu. Non-Manu Real Personal Disposable Income, Chained 2005 Dollars Real Personal Consumption Expenditures 2.4 ; Leading Indicators Composite Index Source: The Conference Board

5 General Conditions for Manufacturing Diffusion Index United States ISM Diffusion Index Current Production/Activity Diffusion Index Manu. Non-Manu New Orders Diffusion Index Manu. Non-Manu Employment Diffusion Index Manu. Non-Manu

6 Durable Goods Billions of dollars United States Manufacturers' Shipments Nondefense Capital Goods Billions of dollars Total Excl. Aircraft Motor Vehicles and Parts Billions of dollars Computer and Electronic Products Billions of dollars 28.1 NOTE: Seasonally adjusted

7 Housing Indicators Prices Case-Shiller Core Logic New Single Family Housing Millions of Units Starts Sales Feb Existing Single Family Home Sales Millions of Units Residential Investment Percentage Point Contribution to GDP Growth NOTE: Core Logic price data exclude distressed sales

8 Price and Cost Indicators Consumer Prices Overall CPI Core CPI Personal Consumption Expenditure Overall PCE Core PCE Compensation per Hour and Unit Labor Cost Compensation Unit Labor Cost Employment Cost Index Wages Benefits NOTE: Unit Labor Cost and Compensation are from the Nonfarm Business Sector.

9 Consumer Price Index Total Total Excluding Food and Energy Commodities excluding Food and Energy Services excluding Energy 2.88

10 Employment Unemployment Rate Percent Unemployment, Whole Economy Non-Farm Payroll Employment Hours Worked: Private Non-Farm Payrolls 2.1

11 Corporate Profits Percent of Nominal GDP United States Corporate Profits Corporate Profits: Payments Abroad Percent of Nominal GDP Corporate Profits: Domestic Industries Percent of Nominal GDP Corporate Profits: Receipts from Abroad Percent of Nominal GDP NOTE: Corporate profits include inventory valuation and capital consumption adjustments. Total profits equal domestic industries plus receipts from abroad minus payments abroad.

12 Goods and Services SA, Bil.$ Imports Exports United States Trade Indicators Current Account Balance SAAR, Bill.$ Trade Balance SA, Bil.$ Net Export Contribution to Real GDP SAAR, percent 0.2, Bureau of Economic Analysis/U.S. Census.

13 Private Saving and Investment United States Gross Saving and Investment as a Percent of Nominal GDP Saving and Investment Private Saving Private Domestic Investment Saving Domestic Investment Government Saving and Investment Saving Gap and Net Foreign Investment Government Saving Government Investment Saving Gap Net Foreign Investment NOTE: The saving gap (S-I) and Net Foreign Investment differ by a statistical discrepancy. NFI plus some small adjustment factors equals the Current Account.

14 Financial Indicators Short-Term and Long-Term Interest Rates 3-month Treasury Bill Rate, 10-year Treasury Yield Short Long May May Bank Credit C&I Loans RE Loans Monetary Policy Federal Funds Rate (Effective) Stock ket Index Standard & Poor's 500 Composite May May NOTE: C&I Loans equals Commercial and Industrial Loans. RE Loans equals Real Estate Loans.

15 Dollar-Euro Exchange Rates United States Exchange Rates Yen per Dollar Dollars per Euro Euros per Dollar May May May Nominal Effective Exchange Rate Major Currency Index, 2010=100 Narrow Broad Real Effective Exchange Rate Major Currency Index, 2010=100 Narrow Broad May Source: Board of Governors, J.P. Morgan, Wall Street Journal