Key Economic Indicators
Personal income increased $98.6 billion (0.6 percent) in October according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $86.5 billion (0.6 per cent) and personal consumption expenditures (PCE) increased $38.1 billion (0.3 percent).
Real gross domestic product increased at an annual rate of 3.2 percent in the third quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.
New orders for manufactured goods in October increased $12.5 billion or 2.7 percent to $469.4 billion.
October 2016: +2.7° % change
September 2016 (r): +0.6° % change
The Nation's international trade deficit in goods and services increased to $42.6 billion in October from $36.2 billion in September (revised), as exports decreased and imports increased.
October 2016: 42.6° $ billion
September 2016 (r): 36.2° $ billion
Quarterly Financial Report - Manufacturing, Mining, Wholesale Trade, and Selected Service Industries
Manufacturing corporations' seasonally adjusted after-tax profits were $138.3 billion for the third quarter of 2016, up $8.3 (+/- 0.3) billion from second quarter of 2016.
3rd Qtr 2016: +8.3 $ billion
2nd Qtr 2016 (r): +7.4 $ billion
Seasonally adjusted after-tax profits for retail corporations with assets of $50 million and over were $23.9 billion for the third quarter 2016 (the 3 months ending October 31, 2016), up $0.6 (+/- 0.1) billion from second quarter 2016 (the 3 months ending July 31, 2016).
3rd Qtr 2016: +0.6 $ billion
2nd Qtr 2016 (r): +3.1 $ billion
Total construction activity for October 2016 ($1,172.6 billion) was 0.5 percent (+/-1.5%)* above the revised September 2016 ($1,166.5 billion).
October 2016: +0.5* % change
September 2016 (r): -0.0* % change
October end-of-month inventories were $586.9 billion, down 0.4 percent (+/- 0.4 percent)* from last month.
October 2016: -0.4* % change in Inventories
September 2016 (r): -0.1* % change in Inventories
The advance international trade deficit in goods increased to $62.0 billion in October from $56.5 billion in September as exports decreased and imports increased.
October 2016: 62.0° $ billion
September 2016: 56.5° $ billion
October 2016 end-of-month inventories were $603.3 billion, a decrease of 0.4 percent (+/- 0.2%) from last month.
October 2016: -0.4 % change in Inventories
September 2016 (r): 0.0* % change in Inventories
Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000. This is 1.9 percent (+/- 13.1%)* below the revised September 2016 estimate of 574,000.
October 2016: -1.9* % change
September 2016 (r): +1.2* % change
New orders for manufactured durable goods in October increased $11.0 billion or 4.8 percent to $239.4 billion.
October 2016: +4.8° % change
September 2016 (r): +0.4° % change
Privately-owned housing starts in October 2016 were at a seasonally adjusted annual rate of 1,323,000. This is 25.5 percent (+/- 12.6%) above the revised September 2016 estimate of 1,054,000.
October 2016: +25.5 % change
September 2016 (r): -9.5 % change
U.S. total business end-of-month inventories for September 2016 were $1,818.7 billion, up 0.1 percent (+/- 0.1%)* from last month. U.S. total business sales were $1,314.6 billion, up 0.7 percent (+/-0.2 %) from last month.
September 2016: +0.1* % change in Inventories
August 2016 (r): +0.2 % change in Inventories
U.S. retail and food services sales for October were $465.9 billion, a increase of 0.8 percent (+/-0.5%) from the previous month.
October 2016: +0.8 % change
September 2016 (r): +1.0 % change
September 2016 sales of merchant wholesalers were $444.9 billion, up 0.2 percent (+/- 0.4%)* from last month. End-of-month inventories were $590.2 billion, up 0.1 percent (+/- 0.2%)* from last month.
September 2016: +0.1* % change in Inventories
August 2016 (r): -0.1* % change in Inventories
The homeownership rate in the third quarter 2016, 63.5 percent, was not statistically different from the third quarter 2015 rate of 63.7 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the third quarter 2015.
3rd Qtr 2016: +63.5* percent
3rd Qtr 2015: +63.7 percent
The rental vacancy rate in the third quarter 2016 was 6.8 percent, down 0.5 (+/- 0.4) percentage points from the third quarter 2015 rate of 7.3 percent. The rental vacancy rate in the West was lower than the rate in the third quarter 2015, while the rates in the Northeast, Midwest and South were not statistically different from the rates in the third quarter 2015.
3rd Qtr 2016: +6.8 percent
3rd Qtr 2015: +7.3 percent
The estimate of U.S. selected services total revenue for the second calendar quarter of 2016, not adjusted for seasonal variation, or for price changes, was $3,457.9 billion, an increase of 3.4 percent (+/- 0.4%) from the first quarter of 2016 and up 4.3 percent (+/- 0.8%) from the second quarter of 2015. The fourth quarter of 2015 to first quarter of 2016 percent change was revised from -1.2 percent (+/- 0.4%) to -1.3 percent (+/- 0.4%).
2nd Qtr 2016: +3.4 % change
1st Qtr 2016 (r): -1.3 % change
