Key Economic Indicators
Personal income increased $67.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $61.5 billion, or 0.5 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $37.4 billion, or 0.3 percent. In June, personal income increased $59.4 billion, or 0.4 percent, DPI increased $52.4 billion, or 0.4 percent, and PCE increased $31.8 billion, or 0.3 percent, based on revised estimates.
Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 3.7 percent in the second quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6 percent.
The Nation's international trade balance in goods and services increased to -$41.9 billion in July from -$45.2 billion in June (revised), as exports increased and imports decreased.
July 2015: -41.9° $ billion
June 2015 (r): -45.2° $ billion
New orders for manufactured goods in July increased $2.0 billion or 0.4 percent to $482.0 billion.
July 2015: +0.4° % change
June 2015 (r): +2.2° % change
Total construction activity for July 2015 ($1,083.4 billion) was 0.7 percent (+/-1.5%)* above the revised June 2015 ($1,075.9 billion).
July 2015: +0.7* % change
June 2015 (r): +0.7* % change
The advance international trade balance in goods was -$59.1 billion in July 2015. Advance exports of goods were $127.1 billion and advance imports of goods were $186.2 billion.
July 2015: -59.1° $ billion
June 2015: -62.3° $ billion
New orders for manufactured durable goods in July increased $4.6 billion or 2.0 percent to $241.1 billion.
July 2015: +2.0° % change
June 2015 (r): +4.1° % change
Sales of new single-family houses in July 2015 were at a seasonally adjusted annual rate of 507,000. This is 5.4 percent (+/- 14.8%)* above the revised June 2015 estimate of 481,000.
July 2015: +5.4* % change
June 2015 (r): -7.7* % change
Privately-owned housing starts in July 2015 were at a seasonally adjusted annual rate of 1,206,000. This is 0.2 percent (+/- 15.2%)* above the revised June 2015 estimate of 1,204,000.
July 2015: +0.2* % change
June 2015 (r): +12.3* % change
U.S. total business end-of-month inventories for June 2015 were $1,812.5 billion, up 0.8 (+/- 0.1%) from last month. U.S. total business sales were $1,325.5 billion, up 0.2 (+/-0.2%)* from last month.
June 2015: +0.8 % change in Inventories
May 2015 (r): +0.3 % change in Inventories
U.S. retail and food services sales for July were $446.5 billion, an increase of 0.6 percent (+/-0.5%) from the previous month.
July 2015: +0.6 % change
June 2015 (r): 0.0* % change
June 2015 sales of merchant wholesalers were $449.9 billion, up 0.1 percent (+/- 0.7%)* from last month. End-of-month inventories were $586.2 billion, up 0.9 percent (+/- 0.4%) from last month.
June 2015: +0.9 % change in Inventories
May 2015 (r): +0.6 % change in Inventories
The rental vacancy rate in the second quarter 2015 was 6.8 percent, down 0.7 (+/- 0.4) percentage points from the second quarter 2014 rate of 7.5 percent. The rental vacancy rates in the South and West were lower than the corresponding second quarter 2014 rates, while the rates in the Northeast and Midwest were not statistically different from the rates a year ago.
2nd Qtr 2015: +6.8 percent
2nd Qtr 2014: +7.5 percent
The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 (+/- 0.4) percentage points from the second quarter 2014 rate of 64.7 percent. The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.
2nd Qtr 2015: +63.4 percent
2nd Qtr 2014: +64.7 percent
The estimate of U.S. information sector revenue for the first calendar quarter of 2015, adjusted for seasonal variation but not for price changes, was $334.8 billion, an increase of 0.4 percent (+/- 0.6%)* from the fourth quarter of 2014 and up 3.0 percent (+/- 0.8%) from the first quarter of 2014.
1st Qtr 2015: +0.4* % change
4th Qtr 2014 (r): +1.3 % change
After-tax profits for retail corporations with assets of $50 million and over were $23.0 billion for the first quarter 2015 (the 3 months ending April 30, 2015), down $0.6 (+/- 0.1) billion from fourth quarter 2014 (the 3 months ending January 31, 2015).
1st Qtr 2015: -0.6 $ billion
4th Qtr 2014 (r): +7.2 $ billion
Quarterly Financial Report - Manufacturing, Mining, Wholesale Trade, and Selected Service Industries
Manufacturing corporations' seasonally adjusted after-tax profits were $128.6 billion for the first quarter of 2015, down $22.6 (+/- 0.2) billion from fourth quarter of 2014.
1st Qtr 2015: -22.6 $ billion
4th Qtr 2014 (r): -12.4 $ billion