Key Economic Indicators
Personal income increased $79.6 billion, or 0.5 percent, and disposable personal income (DPI) increased $63.5 billion, or 0.5 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $63.0 billion, or 0.5 percent. In December, personal income increased $45.6 billion, or 0.3 percent, DPI increased $39.2 billion, or 0.3 percent, and PCE increased $11.6 billion, or 0.1 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 1.0 percent in the fourth quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.
January 2016 sales of merchant wholesalers were $433.1 billion, down 1.3 percent (+/- 0.9%) from last month. End-of-month inventories were $584.2 billion, up 0.3 percent (+/- 0.5%)* from last month.
January 2016: +0.3* % change in Inventories
December 2015 (r): 0.0* % change in Inventories
The Nation's international trade balance in goods and services decreased to -$45.7 billion in January from -$44.7 billion in December (revised), as exports decreased more than imports.
January 2016: -45.7° $ billion
December 2015 (r): -44.7° $ billion
New orders for manufactured goods in January increased $7.5 billion or 1.6 percent to $463.9 billion.
January 2016: +1.6° % change
December 2015 (r): -2.9° % change
Total construction activity for January 2016 ($1,140.8 billion) was 1.5 percent (+/-1.0%) above the revised December 2015 ($1,123.5 billion).
January 2016: +1.5 % change
December 2015 (r): +0.6* % change
The advance international trade balance in goods was -$62.2 billion in January 2016. Advance exports of goods were $116.8 billion and advance imports of goods were $179.0 billion.
January 2016: -62.2° $ billion
December 2015: -61.5° $ billion
New orders for manufactured durable goods in January increased $11.1 billion or 4.9 percent to $237.5 billion.
January 2016: 4.9° % change
December 2015 (r): -4.6° % change
Sales of new single-family houses in January 2016 were at a seasonally adjusted annual rate of 494,000. This is 9.2 percent (+/- 13.5%)* below the revised December 2015 estimate of 544,000.
January 2016: -9.2* % change
December 2015 (r): +8.2* % change
The estimate of U.S. selected services total revenue for the third calendar quarter of 2015, not adjusted for seasonal variation or for price changes, was $3,283.9 billion, an increase of 0.5 percent (+/- 0.2%) from the second quarter of 2015 and up 3.1 percent (+/- 0.9%) from the third quarter of 2014.
3rd Qtr 2015: +0.5 % change
2nd Qtr 2015 (r): +2.8 % change
Privately-owned housing starts in January 2016 were at a seasonally adjusted annual rate of 1,099,000. This is 3.8 percent (+/- 12.0%)* below the revised December 2015 estimate of 1,143,000.
January 2016: -3.8* % change
December 2015 (r): -2.8* % change
U.S. total business end-of-month inventories for December 2015 were $1,813.1 billion, up 0.1 percent (+/- 0.1%)* from last month. U.S. total business sales were $1,302.3 billion, down 0.6 percent (+/- 0.3%) from last month.
December 2015: +0.1* % change in Inventories
November 2015 (r): -0.1* % change in Inventories
U.S. retail and food services sales for January were $449.9 billion, an increase of 0.2 percent (+/-0.5%)* from the previous month.
January 2016: +0.2* % change
December 2015 (r): +0.2* % change
The rental vacancy rate in the fourth quarter 2015 was 7.0 percent, virtually unchanged from the fourth quarter 2014 rate (+/- 0.4)*. The rental vacancy rates in all four regions were not statistically different from the rates a year ago.
4th Qtr 2015: +7.0* percent
4th Qtr 2014: +7.0 percent
The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.
4th Qtr 2015: +63.8* percent
4th Qtr 2014: +64.0 percent
Seasonally adjusted after-tax profits for retail corporations with assets of $50 million and over were $19.4 billion for the third quarter 2015 (the 3 months ending October 31, 2015), down $2.6 (+/- 0.1) billion from second quarter 2015 (the 3 months ending July 31, 2015).
3rd Qtr 2015: -2.6 $ billion
2nd Qtr 2015 (r): -1.1 $ billion
Quarterly Financial Report - Manufacturing, Mining, Wholesale Trade, and Selected Service Industries
Manufacturing corporations' seasonally adjusted after-tax profits were $140.5 billion for the third quarter of 2015, up $18.8 (+/- 0.3) billion from second quarter of 2015.
3rd Qtr 2015: +18.8 $ billion
2nd Qtr 2015 (r): -4.5 $ billion
