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Economic Indicators
MAY 2012
(Includes data available as of June 4, 2012)
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 2012
Senate
House of Representatives
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ii
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I r
Gross
domestic
product
10,642.3
11,142.2
11,853.3
12,623.0
13,377.2
14,028.7
14,291.5
13,939.0
14,526.5
15,094.0
14,395.1
14,081.7
13,893.7
13,854.1
13,920.5
14,087.4
14,277.9
14,467.8
14,605.5
14,755.0
14,867.8
15,012.8
15,176.1
15,319.4
15,454.0
Personal
consumption
expenditures
Gross
private
domestic
investment
7,439.2
7,804.1
8,270.6
8,803.5
9,301.0
9,772.3
10,035.5
9,866.1
10,245.5
10,726.0
10,135.8
9,861.3
9,781.7
9,781.6
9,911.1
9,990.0
10,103.7
10,184.8
10,276.6
10,417.1
10,571.7
10,676.0
10,784.5
10,871.6
11,009.5
1,647.0
1,729.7
1,968.6
2,172.3
2,327.1
2,295.2
2,087.6
1,546.8
1,795.1
1,916.2
2,086.3
1,913.0
1,620.1
1,493.8
1,481.2
1,592.2
1,702.3
1,809.7
1,850.5
1,818.0
1,853.1
1,895.3
1,906.6
2,010.1
2,046.5
Exports
1,003.0
1,041.0
1,180.2
1,305.1
1,471.0
1,661.7
1,846.8
1,583.0
1,839.8
2,085.5
1,933.8
1,711.1
1,522.2
1,520.8
1,590.3
1,699.0
1,749.5
1,813.8
1,860.6
1,935.3
2,024.1
2,085.3
2,119.2
2,113.2
2,168.3
1 GDP less exports of goods and services plus imports of goods and services.
Imports
1,430.2
1,545.1
1,798.9
2,027.8
2,240.3
2,374.8
2,556.5
1,974.6
2,356.7
2,664.2
2,690.6
2,304.8
1,905.7
1,859.1
1,997.0
2,136.5
2,245.3
2,345.0
2,400.9
2,435.5
2,595.4
2,682.4
2,681.6
2,697.4
2,788.5
Total
1,983.3
2,112.6
2,232.8
2,369.9
2,518.4
2,674.2
2,878.1
2,917.5
3,002.8
3,030.6
2,929.8
2,901.1
2,875.5
2,916.9
2,935.0
2,942.7
2,967.7
3,004.6
3,018.7
3,020.2
3,014.4
3,038.6
3,047.3
3,021.9
3,018.2
Total
680.6
756.5
824.6
876.3
931.7
976.3
1,080.1
1,142.7
1,222.8
1,232.9
1,100.6
1,111.2
1,105.3
1,137.2
1,157.7
1,170.6
1,195.2
1,224.5
1,237.5
1,234.3
1,219.9
1,237.1
1,248.9
1,225.5
1,218.8
National
defense
Nondefense
437.7
497.9
550.8
589.0
624.9
662.3
737.8
774.9
819.2
824.9
758.4
762.1
747.7
771.6
789.0
791.4
803.5
818.0
831.3
823.9
809.0
830.6
844.0
816.1
808.3
242.9
258.5
273.9
287.3
306.8
314.0
342.3
367.8
403.6
407.9
342.1
349.0
357.7
365.7
368.6
379.2
391.6
406.5
406.2
410.3
410.9
406.5
404.9
409.4
410.5
State
and
local
1,302.7
1,356.1
1,408.2
1,493.6
1,586.7
1,697.9
1,798.0
1,774.8
1,780.0
1,797.7
1,829.2
1,789.9
1,770.1
1,779.7
1,777.3
1,772.1
1,772.6
1,780.1
1,781.2
1,786.0
1,794.4
1,801.5
1,798.5
1,796.5
1,799.4
Final
Addendum:
Gross
sales of
Gross
domestic
domestic purchases
national
1
product
product
10,630.3
11,125.8
11,788.3
12,573.0
13,317.3
13,999.6
14,332.7
14,099.8
14,459.6
15,047.7
14,439.2
14,164.2
14,073.3
14,054.6
14,117.6
14,153.5
14,233.6
14,389.8
14,498.8
14,716.3
14,805.8
14,959.2
15,175.3
15,250.7
15,377.9
11,069.5
11,646.3
12,471.9
13,345.7
14,146.5
14,741.7
15,001.3
14,330.5
15,043.4
15,672.8
15,151.9
14,675.4
14,277.3
14,192.4
14,327.2
14,525.0
14,773.7
14,999.0
15,145.8
15,255.2
15,439.1
15,609.9
15,738.4
15,903.6
16,074.2
10,691.4
11,210.9
11,944.5
12,720.1
13,449.6
14,151.9
14,460.7
14,091.2
14,715.9
15,339.5
14,594.0
14,199.5
14,026.4
13,994.4
14,084.2
14,259.8
14,447.4
14,664.0
14,812.8
14,939.4
15,094.9
15,274.0
15,443.4
15,545.6
15,662.9
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I r
Gross private
domestic investment
Personal
Gross
conChange
domestic sumption Nonresi- Resiin
product expendi- dential dential
fixed
fixed
private
tures
investinvestinvenment
ment
tories
11,543.1
11,836.4
12,246.9
12,623.0
12,958.5
13,206.4
13,161.9
12,703.1
13,088.0
13,315.1
13,186.9
12,883.5
12,663.2
12,641.3
12,694.5
12,813.5
12,937.7
13,058.5
13,139.6
13,216.1
13,227.9
13,271.8
13,331.6
13,429.0
13,491.0
8,018.3
8,244.5
8,515.8
8,803.5
9,054.5
9,262.9
9,211.7
9,037.5
9,220.9
9,421.3
9,196.0
9,076.0
9,040.9
8,998.5
9,050.3
9,060.2
9,121.2
9,186.9
9,247.1
9,328.4
9,376.7
9,392.7
9,433.5
9,482.1
9,545.6
1,173.7
1,189.6
1,263.0
1,347.3
1,455.5
1,550.0
1,537.6
1,263.2
1,319.2
1,435.5
1,539.2
1,442.3
1,312.9
1,257.6
1,247.0
1,235.2
1,253.3
1,308.0
1,343.6
1,371.9
1,378.9
1,413.2
1,465.6
1,484.2
1,491.3
613.8
664.3
729.5
775.0
718.2
584.2
444.4
345.6
330.8
326.3
437.8
395.8
354.9
334.3
348.2
344.8
330.8
348.2
321.1
323.1
321.1
324.4
325.4
334.5
349.6
12.8
17.3
66.3
50.0
59.4
27.7
36.3
144.9
58.8
34.6
38.1
80.3
161.6
183.0
178.7
56.5
39.9
64.6
92.3
38.3
49.1
39.1
2.0
52.2
57.7
Net
exports
Exports
Imports
Total
548.5
603.7
687.9
722.7
729.4
648.8
494.8
358.8
421.8
413.6
464.6
478.0
404.2
331.8
352.4
346.9
376.8
437.4
458.7
414.2
424.4
416.4
402.8
410.8
411.9
1,098.3
1,116.0
1,222.5
1,305.1
1,422.1
1,554.4
1,649.3
1,494.0
1,663.2
1,774.2
1,678.7
1,580.6
1,451.1
1,449.4
1,497.3
1,578.3
1,606.2
1,645.0
1,684.8
1,716.8
1,749.6
1,765.0
1,785.2
1,797.0
1,828.7
1,646.8
1,719.7
1,910.4
2,027.8
2,151.5
2,203.2
2,144.0
1,852.8
2,085.0
2,187.7
2,143.3
2,058.6
1,855.3
1,781.2
1,849.7
1,925.2
1,983.0
2,082.4
2,143.5
2,131.0
2,173.9
2,181.4
2,187.9
2,207.7
2,240.6
2,279.6
2,330.5
2,362.0
2,369.9
2,402.1
2,434.2
2,497.4
2,539.6
2,556.8
2,502.7
2,510.7
2,520.5
2,509.6
2,546.0
2,554.2
2,548.5
2,540.6
2,564.0
2,570.3
2,552.1
2,513.9
2,508.2
2,507.6
2,481.2
2,456.6
1 GDP less exports of goods and services plus imports of goods and services.
Total
779.5
831.1
865.0
876.3
894.9
906.1
971.1
1,029.5
1,075.9
1,055.0
982.0
1,003.5
995.2
1,029.2
1,043.9
1,049.6
1,056.9
1,079.4
1,087.8
1,079.6
1,053.3
1,058.3
1,063.7
1,044.7
1,029.0
505.3
549.2
580.4
589.0
598.4
611.8
657.7
695.6
718.3
701.6
669.7
683.2
669.9
695.7
709.5
707.3
708.2
718.6
728.6
717.7
694.0
705.9
714.6
691.9
677.1
273.9
281.7
284.6
287.3
296.6
294.2
313.3
333.8
357.7
353.4
312.0
320.2
325.3
333.4
334.3
342.2
348.7
360.8
359.2
361.9
359.4
352.4
349.0
352.8
352.1
AddenFinal
Gross
dum:
sales of
domestic
Gross
domestic purchases
1 national
product
product
State
and
local
1,500.6
1,499.7
1,497.1
1,493.6
1,507.2
1,528.1
1,528.1
1,514.2
1,487.0
1,453.8
1,530.8
1,520.1
1,517.2
1,520.7
1,514.9
1,503.9
1,489.2
1,490.8
1,488.9
1,478.9
1,466.4
1,456.1
1,450.4
1,442.4
1,433.2
11,533.6
11,820.5
12,181.3
12,573.0
12,899.3
13,177.5
13,200.5
12,852.7
13,028.9
13,284.6
13,225.6
12,972.9
12,836.0
12,830.0
12,875.1
12,869.5
12,895.9
12,992.2
13,046.0
13,181.6
13,182.8
13,236.2
13,340.9
13,378.3
13,433.6
12,097.5
12,444.7
12,935.5
13,345.7
13,688.1
13,855.3
13,653.1
13,051.6
13,500.4
13,720.1
13,646.5
13,353.3
13,057.0
12,964.0
13,035.7
13,149.6
13,304.1
13,486.8
13,589.6
13,621.2
13,644.2
13,679.9
13,725.3
13,830.9
13,895.1
11,597.1
11,909.9
12,341.6
12,720.1
13,028.3
13,322.0
13,316.9
12,843.2
13,261.0
13,533.2
13,367.4
12,991.9
12,785.6
12,770.7
12,844.9
12,971.6
13,092.9
13,238.4
13,328.9
13,383.9
13,432.2
13,504.2
13,567.9
13,628.5
13,674.1
Note: Because of the formula used for calculating real GDP, the chained (2005) dollar
estimates for the detailed components do not add to the chained-dollar value of GDP or to any
intermediate aggregates.
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I r
Gross
domestic
product
92.192
94.134
96.784
100.000
103.237
106.231
108.565
109.732
111.000
113.338
109.107
109.247
109.709
109.589
109.662
109.969
110.370
110.770
111.162
111.699
112.390
113.091
113.811
114.061
114.535
Personal consumption
expenditures
Total
92.778
94.658
97.121
100.000
102.723
105.499
108.943
109.169
111.112
113.848
110.218
108.650
108.194
108.703
109.513
110.265
110.774
110.864
111.136
111.673
112.747
113.666
114.324
114.657
115.339
Goods
Services
96.563
96.492
97.929
100.000
101.441
102.764
105.912
103.209
104.837
108.807
108.437
103.248
101.575
102.597
104.007
104.657
105.196
104.286
104.497
105.367
107.412
108.752
109.530
109.535
110.212
Gross private
domestic investment
90.801
93.686
96.688
100.000
103.414
106.981
110.584
112.353
114.465
116.513
111.204
111.536
111.715
111.964
112.463
113.269
113.758
114.380
114.682
115.037
115.574
116.260
116.852
117.365
118.050
Nonresidential
fixed
95.889
95.471
96.837
100.000
103.425
105.645
107.717
107.106
105.373
106.735
108.183
109.578
108.968
107.525
106.238
105.694
105.237
105.293
105.424
105.536
105.909
106.560
107.027
107.444
107.900
Residential
fixed
83.002
86.953
93.297
100.000
106.081
107.612
106.296
102.637
102.214
103.397
106.196
104.799
104.023
102.451
101.643
102.430
102.568
101.784
101.941
102.563
102.958
103.479
103.551
103.600
103.259
Exports
91.322
93.282
96.539
100.000
103.440
106.900
111.975
105.959
110.617
117.571
115.264
108.320
104.944
104.967
106.249
107.674
108.955
110.295
110.461
112.757
115.725
118.182
118.747
117.629
118.608
Imports
86.846
89.851
94.164
100.000
104.131
107.785
119.237
106.571
113.032
121.756
125.623
112.045
102.793
104.443
108.027
111.019
113.252
112.610
111.994
114.271
119.370
122.949
122.543
122.161
124.434
Total
87.318
91.024
95.335
100.000
104.107
107.753
111.225
111.000
113.653
116.861
112.080
110.726
111.065
110.502
110.898
111.537
113.080
113.444
113.759
114.331
115.827
116.902
117.413
117.303
118.448
National
defense
86.624
90.659
94.895
100.000
104.421
108.249
112.187
111.402
114.046
117.577
113.251
111.561
111.610
110.902
111.202
111.892
113.455
113.834
114.093
114.802
116.576
117.672
118.119
117.941
119.390
Nondefense
88.689
91.774
96.234
100.000
103.468
106.743
109.240
110.188
112.860
115.436
109.654
109.017
109.961
109.690
110.285
110.817
112.321
112.655
113.083
113.380
114.333
115.367
116.011
116.035
116.590
State
and
local
86.810
90.425
94.062
100.000
105.276
111.112
117.666
117.214
119.704
123.660
119.496
117.750
116.666
117.030
117.326
117.835
119.030
119.404
119.627
120.757
122.372
123.721
123.997
124.548
125.549
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I r
Real GDP
(chain-type
quantity
index)
91.445
93.769
97.021
100.000
102.658
104.622
104.270
100.635
103.684
105.483
104.468
102.064
100.319
100.145
100.567
101.509
102.494
103.450
104.093
104.699
104.792
105.140
105.614
106.385
106.877
GDP
chain-type
price
index
92.192
94.134
96.784
100.000
103.237
106.231
108.565
109.732
111.000
113.338
109.107
109.247
109.709
109.589
109.662
109.969
110.370
110.770
111.162
111.699
112.390
113.091
113.811
114.061
114.535
GDP
implicit
price
deflator
92.196
94.135
96.786
100.000
103.231
106.227
108.582
109.729
110.992
113.361
109.162
109.300
109.717
109.594
109.658
109.943
110.358
110.793
111.156
111.644
112.398
113.118
113.836
114.077
114.550
PCE
(chain-type
price index)
92.778
94.658
97.121
100.000
102.723
105.499
108.943
109.169
111.112
113.848
110.218
108.650
108.194
108.703
109.513
110.265
110.774
110.864
111.136
111.673
112.747
113.666
114.324
114.657
115.339
PCE
less food
and energy
price index
94.390
95.823
97.815
100.000
102.265
104.631
107.020
108.691
110.208
111.805
107.384
107.644
107.913
108.475
108.888
109.488
109.796
110.147
110.353
110.534
110.963
111.585
112.156
112.517
113.114
Personal consumption
expenditures (PCE)
Real GDP
(chain-type
quantity
index)
3.5
4.7
6.4
6.5
6.0
4.9
1.9
2.5
4.2
3.9
.6
8.4
5.2
1.1
1.9
4.9
5.5
5.4
3.9
4.2
3.1
4.0
4.4
3.8
3.6
1.8
2.5
3.5
3.1
2.7
1.9
.3
3.5
3.0
1.7
3.7
8.9
6.7
.7
1.7
3.8
3.9
3.8
2.5
2.3
.4
1.3
1.8
3.0
1.9
GDP
chain-type
price
index
GDP
implicit
price
deflator
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2
2.1
3.1
.5
1.7
.4
.3
1.1
1.5
1.5
1.4
1.9
2.5
2.5
2.6
.9
1.7
PCE
(chain-type
price index)
1.6
2.1
2.8
3.3
3.2
2.9
2.2
1.1
1.2
2.1
3.2
.5
1.5
.4
.2
1.0
1.5
1.6
1.3
1.8
2.7
2.6
2.6
.8
1.7
PCE
less food
and energy
price index
1.4
2.0
2.6
3.0
2.7
2.7
3.3
.2
1.8
2.5
4.3
5.6
1.7
1.9
3.0
2.8
1.9
.3
1.0
1.9
3.9
3.3
2.3
1.2
2.4
1.7
1.5
2.1
2.2
2.3
2.3
2.3
1.6
1.4
1.4
2.0
1.0
1.0
2.1
1.5
2.2
1.1
1.3
.8
.7
1.6
2.3
2.1
1.3
2.1
Period
Current
dollars
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 r
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV r
2012:I p
Price per unit of real gross value added of nonfinancial corporate business (dollars) 1, 2
5,307.7
5,503.7
5,877.5
6,302.8
6,740.3
6,946.0
6,991.4
6,592.0
6,902.0
7,249.1
7,094.8
6,950.5
6,650.3
6,534.6
6,533.4
6,649.7
6,811.1
6,876.6
6,953.9
6,966.5
7,078.3
7,216.5
7,322.0
7,379.4
7,443.2
Chained
(2005)
dollars
5,675.5
5,818.1
6,085.1
6,302.8
6,543.2
6,606.4
6,515.9
6,036.5
6,329.5
6,511.3
6,585.9
6,381.8
6,035.2
5,966.1
6,006.1
6,138.4
6,288.7
6,329.3
6,361.5
6,338.4
6,407.9
6,504.1
6,538.1
6,594.9
6,656.9
Total
0.935
.946
.966
1.000
1.030
1.051
1.073
1.092
1.090
1.113
1.077
1.089
1.102
1.095
1.088
1.083
1.083
1.086
1.093
1.099
1.105
1.110
1.120
1.119
1.118
Compensation
of employees
(unit labor
cost)
0.624
.628
.622
.631
.639
.660
.682
.692
.674
.685
.675
.691
.698
.700
.692
.679
.666
.671
.676
.681
.685
.681
.689
.686
.685
Total
0.235
.234
.232
.243
.249
.264
.276
.293
.267
.265
.273
.285
.301
.300
.290
.282
.272
.266
.264
.265
.265
.264
.264
.264
.265
1 Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the
Standard Industrial Classification (SIC); later estimates are based on the North American Industry
Classification System (NAICS).
2 The implicit price deflator for gross value added of nonfinancial corporate business divided by 100.
3 Less subsidies plus business current transfer payments.
Consumption
of fixed
capital
0.115
.115
.114
.118
.122
.127
.133
.143
.135
.137
.132
.137
.145
.145
.143
.139
.135
.135
.135
.137
.136
.136
.137
.137
.138
Net interest
Taxes on
and
production miscellaneous
and imports 3
payments
0.091
.094
.096
.101
.102
.102
.103
.110
.111
.112
.102
.105
.109
.112
.109
.110
.110
.110
.111
.111
.112
.112
.111
.111
.111
0.029
.025
.022
.024
.025
.035
.040
.040
.021
.016
.039
.043
.047
.043
.038
.033
.027
.021
.018
.017
.017
.016
.016
.016
.016
Total
Taxes on
corporate
income
0.075
.084
.111
.127
.141
.127
.116
.106
.150
.164
.129
.112
.103
.095
.106
.122
.145
.149
.154
.153
.155
.165
.167
.170
.169
0.017
.023
.031
.043
.047
.044
.035
.029
.036
.038
.039
.024
.027
.026
.028
.034
.037
.037
.038
.034
.037
.039
.038
.037
.045
Profits
after
tax 5
0.058
.061
.081
.083
.094
.082
.081
.077
.114
.126
.090
.088
.075
.069
.077
.088
.108
.112
.116
.120
.118
.126
.129
.133
.124
National Income
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Proprietors
income 1
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 r
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV r
2012:I r
ComNational pensation
of
income employees
9,408.5
9,840.2
10,534.0
11,273.8
12,031.2
12,396.4
12,609.1
12,147.6
12,840.1
13,421.2
12,733.1
12,284.4
12,099.2
12,035.7
12,126.1
12,329.5
12,595.9
12,803.7
12,942.1
13,018.8
13,232.6
13,344.1
13,519.3
13,588.6
13,716.3
6,110.8
6,382.6
6,693.4
7,065.0
7,477.0
7,855.9
8,068.3
7,806.4
7,971.4
8,276.6
8,084.7
8,016.1
7,830.1
7,809.2
7,781.9
7,804.4
7,852.5
7,960.0
8,022.2
8,050.8
8,172.5
8,219.7
8,338.3
8,375.8
8,442.4
Rental
income
of
persons
with
capital
conNonfarm
sumption
adjustment
Farm
18.5
36.5
49.7
43.9
29.3
37.8
51.8
39.2
52.2
65.9
46.6
44.6
37.1
38.7
39.5
41.4
44.6
45.8
58.3
60.1
66.1
67.3
67.5
62.7
60.3
871.8
894.1
984.1
1,025.9
1,103.6
1,052.6
1,046.1
902.0
984.2
1,043.0
1,057.4
1,002.1
923.1
888.2
889.9
907.0
937.1
979.7
998.7
1,021.4
1,029.5
1,039.2
1,046.2
1,057.0
1,070.5
218.7
204.2
198.4
178.2
146.5
143.7
231.6
305.9
350.2
403.9
243.5
275.6
278.8
299.7
319.3
325.9
344.1
349.1
352.8
354.8
385.0
396.9
406.3
427.2
445.5
Taxes
on
production
and
imports
872.2
977.8
1,246.9
1,456.1
1,608.3
1,510.6
1,248.4
1,362.0
1,800.1
1,942.8
1,328.6
971.2
1,175.2
1,262.3
1,438.8
1,571.6
1,724.2
1,785.8
1,833.1
1,857.4
1,876.4
1,937.6
1,970.1
1,986.9
1,998.3
Total
Profits
before
tax
762.8
892.2
1,195.1
1,609.5
1,784.7
1,691.1
1,315.5
1,456.3
1,780.4
1,836.2
1,403.1
1,049.6
1,285.7
1,359.7
1,525.0
1,654.6
1,797.0
1,859.9
1,812.6
1,652.2
1,761.1
1,830.2
1,867.4
1,886.0
2,127.8
765.3
903.5
1,229.4
1,640.2
1,822.7
1,738.4
1,359.9
1,455.7
1,819.5
1,896.3
1,475.8
868.0
1,209.3
1,343.8
1,545.7
1,723.9
1,825.3
1,865.5
1,844.5
1,742.5
1,877.1
1,890.6
1,912.9
1,904.6
2,155.8
2.6
11.3
34.3
30.7
38.0
47.2
44.5
.6
39.1
60.1
72.7
181.6
76.5
15.9
20.7
69.3
28.4
5.6
32.0
90.3
116.0
60.4
45.5
18.6
28.0
109.4
85.6
51.8
153.4
176.4
180.5
67.1
94.3
19.7
106.6
74.5
78.4
110.5
97.4
86.2
83.0
72.7
74.1
20.5
205.2
115.4
107.3
102.7
100.9
129.5
506.4
504.1
461.6
543.0
652.2
731.6
870.1
656.7
564.3
535.1
878.0
883.7
782.9
656.4
596.6
591.0
589.1
569.2
550.1
548.7
556.6
525.6
535.7
522.7
533.8
Business
Less:
current
Subsidies transfer
payments
762.8
806.8
863.4
930.2
986.8
1,027.2
1,038.6
1,017.9
1,054.0
1,097.9
1,046.7
1,025.5
1,008.0
1,011.8
1,020.4
1,031.3
1,040.9
1,050.6
1,059.0
1,065.5
1,087.4
1,101.1
1,100.0
1,103.3
1,113.0
41.4
49.1
46.4
60.9
51.4
54.6
52.9
59.7
57.3
62.8
52.5
55.4
56.4
56.8
68.4
57.1
56.4
56.8
57.0
59.1
60.0
62.7
64.2
64.4
62.3
82.4
76.1
81.7
95.9
83.0
103.3
123.0
132.0
136.7
134.1
116.1
137.8
137.0
141.5
122.2
127.5
134.6
135.7
140.9
135.7
134.7
133.9
133.7
134.1
133.6
Current
surplus
of
government
enterprises
6.3
7.0
1.2
3.5
4.2
11.8
16.0
14.9
15.7
15.3
16.1
16.8
16.8
15.3
14.0
13.6
14.7
15.5
16.0
16.5
15.6
14.6
14.5
16.7
18.7
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I r
Total
personal
consumption
expenditures
8,018.3
8,244.5
8,515.8
8,803.5
9,054.5
9,262.9
9,211.7
9,037.5
9,220.9
9,421.3
9,196.0
9,076.0
9,040.9
8,998.5
9,050.3
9,060.2
9,121.2
9,186.9
9,247.1
9,328.4
9,376.7
9,392.7
9,433.5
9,482.1
9,545.6
Services
Durable
Total
goods
2,702.9
2,827.2
2,953.3
3,076.7
3,178.9
3,273.5
3,192.9
3,098.0
3,230.7
3,351.4
3,187.9
3,082.0
3,082.6
3,064.3
3,120.7
3,124.6
3,173.3
3,202.9
3,240.8
3,306.0
3,344.4
3,331.2
3,342.7
3,387.2
3,437.4
Total
durable
goods 1
927.9
989.1
1,060.9
1,123.4
1,174.2
1,232.4
1,171.8
1,108.3
1,188.3
1,285.4
1,170.8
1,088.0
1,094.6
1,083.4
1,134.5
1,120.8
1,147.5
1,169.3
1,194.1
1,242.4
1,277.4
1,260.2
1,277.8
1,326.5
1,371.4
Nondurable
Motor
vehicles
and
parts
394.0
404.8
410.4
408.2
394.4
401.4
346.8
322.5
330.1
356.7
340.8
303.8
316.2
312.4
344.5
316.7
315.9
321.4
328.0
354.9
368.2
342.1
343.5
372.8
392.0
Total
nondurable
goods 1
1,780.1
1,840.7
1,892.8
1,953.4
2,005.0
2,042.9
2,019.1
1,983.4
2,041.3
2,075.8
2,015.4
1,985.3
1,980.3
1,972.8
1,982.7
1,997.7
2,021.1
2,030.8
2,045.8
2,067.4
2,075.4
2,076.6
2,073.7
2,077.6
2,089.7
Food and
beverages
purchased
for offpremises
consumption
Gasoline
and
other
energy
goods
Total
services 1
Household
consumption
expenditures
608.9
616.5
623.9
644.5
663.0
673.2
666.0
657.3
673.1
683.0
666.5
650.2
647.0
654.8
660.8
666.8
671.6
667.2
672.8
680.8
682.1
684.1
683.9
681.7
685.1
294.0
301.9
305.9
303.8
296.9
294.4
280.6
281.1
281.3
269.0
273.4
280.0
284.9
281.2
279.3
279.1
281.8
282.1
282.7
278.4
274.2
268.5
267.5
265.7
264.3
5,318.5
5,418.2
5,562.7
5,726.8
5,875.6
5,990.2
6,017.0
5,935.5
5,991.8
6,076.1
6,006.5
5,988.8
5,953.5
5,928.6
5,926.8
5,932.9
5,947.4
5,984.3
6,008.1
6,027.5
6,039.1
6,067.0
6,096.1
6,102.1
6,117.2
5,109.8
5,199.4
5,345.1
5,515.1
5,640.6
5,745.2
5,745.6
5,660.5
5,714.0
5,799.7
5,734.4
5,707.1
5,676.3
5,657.0
5,653.5
5,655.2
5,668.1
5,702.6
5,730.6
5,754.7
5,765.9
5,793.2
5,816.6
5,823.0
5,834.4
which include purchased meals and beverages, are not classified as food.
Housing
and
utilities
1,461.9
1,480.2
1,512.8
1,582.6
1,616.8
1,626.6
1,637.8
1,654.9
1,669.2
1,670.6
1,630.9
1,646.1
1,650.0
1,651.3
1,656.6
1,661.5
1,663.6
1,665.7
1,675.3
1,672.2
1,666.0
1,669.1
1,680.4
1,667.0
1,657.2
Health
care
Financial
services
and
insurance
1,202.4
1,228.3
1,267.4
1,308.9
1,333.0
1,364.0
1,396.5
1,423.1
1,442.9
1,472.8
1,401.9
1,402.5
1,409.1
1,421.6
1,429.1
1,432.8
1,424.1
1,438.2
1,446.9
1,462.3
1,464.3
1,474.5
1,472.3
1,480.2
1,482.1
658.9
659.2
675.5
698.4
716.4
739.8
732.3
676.1
667.8
678.0
732.2
712.5
693.1
679.7
670.6
661.0
667.0
670.8
665.9
667.6
674.7
676.9
682.8
677.7
685.7
Addendum:
Personal
consumption
expenditures
excluding
food and
energy 2
Retail
sales of
new
passenger
cars and
light
trucks
(millions
of units)
6,938.6
7,145.2
7,401.8
7,665.3
7,911.5
8,110.4
8,087.2
7,917.2
8,076.8
8,287.7
8,090.4
7,965.7
7,929.2
7,882.9
7,927.7
7,929.1
7,981.7
8,051.4
8,096.2
8,178.0
8,238.4
8,258.7
8,292.0
8,361.6
8,436.2
16.8
16.6
16.9
16.9
16.5
16.1
13.2
10.4
11.6
12.7
13.0
10.3
9.5
9.7
11.6
10.8
11.0
11.4
11.6
12.3
13.0
12.1
12.4
13.4
14.5
Note: Because of the formula used for calculating real GDP, the chained (2005) dollar estimates
for the detailed components do not add to the chained-dollar value of GDP or to any intermediate
aggregates.
Source: Department of Commerce (Bureau of Economic Analysis).
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 r
2011:Apr
May
June
July
Aug
Sept
Oct r
Nov r
Dec r
2012:Jan r
Feb r
Mar r
Apr p
Total
personal
income
9,060.1
9,378.1
9,937.2
10,485.9
11,268.1
11,912.3
12,460.2
11,930.2
12,373.5
12,991.2
12,938.7
12,957.2
12,970.1
13,032.5
13,049.1
13,088.8
13,102.5
13,085.8
13,128.9
13,169.7
13,214.2
13,266.4
13,298.1
Total
6,110.8
6,367.6
6,708.4
7,060.0
7,475.7
7,862.2
8,073.3
7,801.4
7,971.4
8,276.6
8,217.3
8,222.7
8,219.3
8,304.3
8,328.9
8,381.7
8,387.9
8,361.6
8,377.9
8,416.1
8,445.1
8,465.9
8,481.4
Wage
and
salary
disbursements
4,997.3
5,139.6
5,425.7
5,701.0
6,068.9
6,421.7
6,550.9
6,270.3
6,408.2
6,668.2
6,616.5
6,619.6
6,615.1
6,694.4
6,715.3
6,763.3
6,766.0
6,739.9
6,753.8
6,783.6
6,809.4
6,827.8
6,840.7
Supplements to
wages
and
salaries
1,113.5
1,228.0
1,282.7
1,359.1
1,406.9
1,440.4
1,522.5
1,531.1
1,563.1
1,608.4
1,600.8
1,603.1
1,604.2
1,609.9
1,613.5
1,618.4
1,621.9
1,621.7
1,624.1
1,632.5
1,635.6
1,638.1
1,640.7
Proprietors income 1
Farm
18.5
36.5
49.7
43.9
29.3
37.8
51.8
39.2
52.2
65.9
68.3
67.3
66.4
67.0
67.5
68.1
65.4
62.7
60.0
60.2
60.3
60.5
61.4
Nonfarm
871.8
894.1
984.1
1,025.9
1,103.6
1,052.6
1,046.1
902.0
984.2
1,043.0
1,037.6
1,039.3
1,040.7
1,042.1
1,048.7
1,047.8
1,053.4
1,055.9
1,061.6
1,065.3
1,070.6
1,075.5
1,078.5
218.7
204.2
198.4
178.2
146.5
143.7
231.6
305.9
350.2
403.9
398.3
396.8
395.7
400.8
406.2
412.0
419.4
427.3
434.9
440.2
445.7
450.6
454.9
Total
1,309.6
1,312.9
1,408.5
1,542.0
1,829.7
2,057.0
2,165.4
1,707.7
1,721.2
1,790.0
1,791.8
1,802.6
1,812.6
1,806.0
1,794.7
1,781.8
1,785.2
1,785.1
1,788.8
1,794.7
1,802.8
1,814.9
1,823.6
Personal
interest
income
911.9
889.8
860.2
987.0
1,127.5
1,265.1
1,382.0
1,108.9
1,003.4
998.1
1,011.1
1,015.9
1,020.7
1,007.7
994.8
981.8
979.3
976.8
974.3
980.2
986.2
992.1
992.5
Personal
dividend
income
397.7
423.1
548.3
555.0
702.2
791.9
783.4
598.8
717.7
791.9
780.6
786.7
791.9
798.3
799.9
799.9
805.8
808.3
814.5
814.5
816.7
822.8
831.1
Personal
current
transfer
receipts 3
1,282.1
1,341.7
1,415.5
1,508.6
1,605.0
1,718.5
1,879.2
2,138.1
2,281.2
2,336.2
2,342.7
2,346.4
2,352.7
2,340.3
2,334.4
2,335.1
2,329.3
2,327.9
2,342.0
2,339.6
2,339.5
2,351.1
2,352.2
Less:
Contributions
for
government
social
insurance,
domestic
751.5
778.9
827.3
872.7
921.8
959.5
987.3
964.1
986.8
924.4
917.1
918.0
917.3
928.1
931.4
937.7
938.0
934.7
936.3
946.4
949.8
952.1
954.0
Period
Personal
income
Less:
Personal
current
taxes
Equals:
Disposable
personal
income
Less:
Personal
outlays 1
Equals:
Personal
saving
Disposable
personal
income in
billions of
chained
(2005)
dollars
Current
dollars
Billions of dollars
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 r
9,060.1
9,378.1
9,937.2
10,485.9
11,268.1
11,912.3
12,460.2
11,930.2
12,373.5
12,991.2
1,050.4
1,000.3
1,047.8
1,208.6
1,352.4
1,488.7
1,435.7
1,141.4
1,193.9
1,397.7
8,009.7
8,377.8
8,889.4
9,277.3
9,915.7
10,423.6
11,024.5
10,788.8
11,179.7
11,593.5
Current
dollars
Chained
(2005)
dollars
Dollars
7,727.5
8,088.1
8,571.2
9,134.1
9,659.1
10,174.9
10,432.2
10,236.3
10,586.9
11,055.1
282.2
289.6
318.2
143.2
256.6
248.7
592.3
552.6
592.8
538.5
8,633.2
8,850.5
9,152.9
9,277.3
9,652.8
9,880.3
10,119.5
9,882.7
10,061.6
10,183.3
27,816
28,827
30,312
31,343
33,183
34,550
36,200
35,115
36,090
37,154
Percent
Saving
change
as
in real
percent
per capita
of
disposable disposable
personal
personal
income
income
Population,
including
Armed
Forces
overseas
(thousands) 2
Percent
29,981
30,453
31,211
31,343
32,303
32,749
33,229
32,166
32,481
32,635
25,835
26,853
28,202
29,742
31,126
32,391
32,953
32,112
33,074
34,374
27,846
28,368
29,038
29,742
30,301
30,703
30,248
29,415
29,767
30,193
2.3
1.6
2.5
.4
3.1
1.4
1.5
3.2
1.0
.5
3.5
3.5
3.6
1.5
2.6
2.4
5.4
5.1
5.3
4.6
287,955
290,626
293,262
295,993
298,818
301,696
304,543
307,240
309,774
312,040
32,974
32,878
32,494
32,448
31,926
31,806
32,122
32,501
32,620
32,678
32,724
32,625
32,621
32,572
32,554
33,243
32,267
31,942
31,876
32,224
32,405
32,709
32,912
33,143
33,531
33,972
34,249
34,529
34,741
35,124
30,160
29,698
29,523
29,324
29,425
29,389
29,528
29,687
29,823
30,027
30,132
30,132
30,204
30,301
30,454
9.7
1.2
4.6
.6
6.3
1.5
4.0
4.8
1.5
.7
.6
1.2
.0
.6
.2
4.9
6.2
5.7
6.2
4.4
4.3
4.9
5.6
5.6
5.2
5.0
4.8
4.6
4.2
3.6
304,902
305,616
306,237
306,866
307,573
308,285
308,899
309,457
310,070
310,670
311,184
311,717
312,330
312,929
313,443
12,513.3
12,340.0
11,964.4
11,944.1
11,874.1
11,938.2
12,137.7
12,325.6
12,453.2
12,577.6
12,846.9
12,955.3
13,056.8
13,105.7
13,216.8
1,432.1
1,422.8
1,198.0
1,120.3
1,120.6
1,126.4
1,146.4
1,175.4
1,212.8
1,240.9
1,365.9
1,396.2
1,409.1
1,419.4
1,448.0
11,081.2
10,917.3
10,766.3
10,823.8
10,753.5
10,811.7
10,991.3
11,150.2
11,240.4
11,336.7
11,481.0
11,559.2
11,647.7
11,686.3
11,768.8
10,538.4
10,236.3
10,155.2
10,153.4
10,285.3
10,351.2
10,457.2
10,527.0
10,614.8
10,748.6
10,902.1
11,002.6
11,114.6
11,201.0
11,344.9
542.8
680.9
611.1
670.3
468.2
460.5
534.1
623.3
625.6
588.1
578.9
556.5
533.1
485.3
423.9
10,053.7
10,047.9
9,951.0
9,957.3
9,819.6
9,805.4
9,922.5
10,057.8
10,114.4
10,152.0
10,183.2
10,169.7
10,188.6
10,192.7
10,203.9
36,343
35,722
35,157
35,272
34,962
35,071
35,582
36,032
36,251
36,491
36,895
37,082
37,293
37,345
37,547
Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
Farm Income
According to the forecast for 2012, gross farm income is forecast at $425.5 billion and net farm income at $91.7
billion.
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012 p
2010:I
II
III
IV
2011:I
II
III
IV
2012:I p
II p
III p
IV p
258.7
294.9
298.5
290.2
339.6
377.9
342.7
364.7
419.4
425.5
371.1
335.4
348.6
403.6
447.9
398.1
418.4
413.0
455.5
418.3
422.3
406.0
Livestock and
products
Total
216.0
237.9
240.9
240.6
288.5
316.7
288.6
314.4
362.9
364.1
309.3
295.2
306.4
346.5
379.1
349.9
367.4
355.1
381.0
363.8
366.8
344.6
105.7
123.5
124.9
118.5
138.5
141.6
120.3
141.4
166.0
165.8
141.1
140.2
141.5
143.0
166.9
166.0
166.3
165.0
174.4
163.8
162.8
162.1
Crops 2
110.3
114.4
116.0
122.1
150.1
175.0
168.3
172.9
196.9
198.3
168.3
155.0
164.9
203.5
212.2
183.9
201.2
190.1
206.7
200.0
204.0
182.5
Value
of
inventory
changes 3
Direct
Government
payments 4
2.7
11.2
.4
3.1
.6
6.6
1.1
2.0
.1
5.9
1.9
1.9
1.9
2.2
.1
.1
.1
.1
6.2
5.9
5.9
5.6
16.5
13.0
24.4
15.8
11.9
12.2
12.2
12.4
10.6
11.0
24.4
4.6
5.3
15.3
20.8
3.9
4.5
13.0
21.7
4.1
4.7
13.6
Production
expenses
197.7
207.5
219.7
232.7
269.5
293.2
281.1
285.6
321.3
333.8
281.0
268.2
278.4
314.8
335.6
309.8
325.3
314.4
349.3
333.6
336.2
315.9
Net
farm
income
61.0
87.4
78.8
57.4
70.0
84.7
61.6
79.1
98.1
91.7
90.0
67.2
70.3
88.8
112.3
88.3
93.1
98.7
106.2
84.8
86.0
90.0
3 Physical changes in beginning and ending year inventories of crop and livestock commodities
valued at weighted average market prices during the period.
4 Includes only Government payments made directly to farmers.
Corporate Profits
In the first quarter of 2012, according to current estimates, corporate profits before tax rose $251.2 billion (annual
rate) and profits after tax rose $175.4 billion.
Domestic industries
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I p
Total 2
762.8
892.2
1,195.1
1,609.5
1,784.7
1,691.1
1,315.5
1,456.3
1,780.4
1,836.2
1,403.1
1,049.6
1,285.7
1,359.7
1,525.0
1,654.6
1,797.0
1,859.9
1,812.6
1,652.2
1,761.1
1,830.2
1,867.4
1,886.0
2,127.8
Nonfinancial
Total
604.9
726.4
990.1
1,370.0
1,527.8
1,340.2
908.9
1,095.9
1,398.5
1,407.1
963.7
699.5
925.7
1,015.1
1,162.5
1,280.3
1,428.0
1,469.3
1,417.3
1,279.3
1,350.3
1,384.9
1,416.6
1,476.7
1,734.0
Financial
265.2
311.8
362.3
443.6
448.0
345.5
122.2
401.8
494.7
464.5
79.4
48.3
241.3
395.0
481.2
489.6
479.8
490.6
487.8
520.8
491.5
438.9
448.7
478.8
523.5
Total 3
Manufacturing
Utilities
Wholesale
Taxes
on
corporate
income
Total
Net
dividends
Retail
339.7
47.7
12.3
49.1
81.6
414.6
69.4
12.4
54.8
88.9
627.8
154.1
19.4
75.6
93.4
926.4
247.2
29.8
92.2
122.6
1,079.9
304.5
54.4
103.7
133.2
994.7
271.3
50.3
99.9
117.8
786.7
195.5
30.7
86.3
81.6
694.1
125.2
22.2
83.3
106.0
903.7
217.1
25.0
85.8
122.6
942.6
253.8
15.2
84.4
116.6
884.3
220.6
86.3
89.2
85.0
747.8
181.3
33.1
133.8
85.1
684.4
109.2
18.2
102.7
101.6
620.1
107.4
21.6
77.4
103.8
681.2
130.8
15.5
73.0
107.7
790.6
153.4
33.4
79.9
110.9
948.2
216.2
46.5
93.4
128.6
978.7
237.3
18.2
111.0
125.4
929.5
227.2
28.0
89.4
119.0
758.5
187.7
7.1
49.5
117.3
858.8
217.6
14.9
71.6
120.2
945.9
249.9
15.2
90.8
112.7
967.9
268.2
10.7
85.6
110.6
998.0
279.2
19.9
89.7
122.8
1,210.5
1 See p. 4 for profits with inventory valuation and capital consumption adjustments.
2 Includes rest of the world, not shown separately.
3 Includes industries not shown separately.
Profits
before
tax
765.3
903.5
1,229.4
1,640.2
1,822.7
1,738.4
1,359.9
1,455.7
1,819.5
1,896.3
1,475.8
868.0
1,209.3
1,343.8
1,545.7
1,723.9
1,825.3
1,865.5
1,844.5
1,742.5
1,877.1
1,890.6
1,912.9
1,904.6
2,155.8
192.3
243.8
306.1
412.4
473.3
445.5
309.0
272.4
411.1
416.2
312.5
224.3
208.8
244.8
301.6
334.4
409.7
399.6
430.3
404.7
422.3
420.5
411.4
410.7
486.5
573.0
659.7
923.3
1,227.8
1,349.5
1,292.9
1,050.9
1,183.3
1,408.4
1,480.1
1,163.3
643.7
1,000.4
1,099.0
1,244.2
1,389.5
1,415.6
1,465.9
1,414.2
1,337.8
1,454.8
1,470.1
1,501.5
1,493.9
1,669.3
399.3
424.9
550.3
557.3
704.8
794.5
786.9
620.0
737.3
813.6
780.5
727.6
671.9
600.9
584.1
623.0
684.8
729.3
760.5
774.8
793.8
807.4
821.4
831.7
r 841.7
Inventory
Undistrib- valuation
adjustment
uted
profits
173.8
234.8
373.0
670.5
644.7
498.4
264.0
563.3
671.1
666.5
382.8
84.0
328.5
498.1
660.0
766.5
730.8
736.6
653.7
563.0
660.9
662.7
680.1
662.1
827.7
2.6
11.3
34.3
30.7
38.0
47.2
44.5
.6
39.1
60.1
72.7
181.6
76.5
15.9
20.7
69.3
28.4
5.6
32.0
90.3
116.0
60.4
45.5
18.6
28.0
Note: Data by industry are based on the North American Industry Classification System (NAICS).
Source: Department of Commerce (Bureau of Economic Analysis).
[Billions of chained (2005) dollars; quarterly data at seasonally adjusted annual rates]
Fixed investment
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I r
Gross
private
domestic
investment
1,800.4
1,870.1
2,058.2
2,172.3
2,231.8
2,159.5
1,939.8
1,454.2
1,714.9
1,797.3
1,934.7
1,744.6
1,490.4
1,397.2
1,407.3
1,522.0
1,630.0
1,728.3
1,766.8
1,734.5
1,750.9
1,778.4
1,784.2
1,875.7
1,904.6
Nonresidential
Total
1,791.5
1,854.7
1,992.5
2,122.3
2,172.7
2,130.6
1,978.6
1,606.3
1,648.4
1,761.0
1,973.5
1,835.4
1,665.5
1,589.8
1,592.6
1,577.5
1,582.0
1,654.0
1,663.5
1,693.9
1,699.0
1,736.7
1,790.4
1,817.9
1,839.7
Total
1,173.7
1,189.6
1,263.0
1,347.3
1,455.5
1,550.0
1,537.6
1,263.2
1,319.2
1,435.5
1,539.2
1,442.3
1,312.9
1,257.6
1,247.0
1,235.2
1,253.3
1,308.0
1,343.6
1,371.9
1,378.9
1,413.2
1,465.6
1,484.2
1,491.3
Structures
356.6
343.0
346.7
351.8
384.0
438.2
466.4
367.3
309.1
323.2
469.9
457.5
415.3
375.4
354.9
323.7
301.5
306.9
310.1
318.0
305.9
321.9
332.9
332.1
329.3
Equipment
and
software
824.2
850.0
917.3
995.6
1,071.1
1,106.8
1,059.4
889.7
1,019.4
1,125.7
1,056.8
969.0
883.7
874.2
888.0
912.9
958.8
1,010.1
1,044.1
1,064.5
1,086.9
1,103.5
1,145.7
1,166.6
1,177.8
Residential
613.8
664.3
729.5
775.0
718.2
584.2
444.4
345.6
330.8
326.3
437.8
395.8
354.9
334.3
348.2
344.8
330.8
348.2
321.1
323.1
321.1
324.4
325.4
334.5
349.6
Total
12.8
17.3
66.3
50.0
59.4
27.7
36.3
144.9
58.8
34.6
38.1
80.3
161.6
183.0
178.7
56.5
39.9
64.6
92.3
38.3
49.1
39.1
2.0
52.2
57.7
Nonfarm
15.6
17.2
58.3
49.8
63.2
28.7
37.6
143.8
60.7
44.3
44.2
83.3
162.6
182.7
173.9
56.0
35.5
64.0
98.8
44.7
59.7
51.0
5.5
60.8
67.8
Total
fixed
investment
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV
2012:I r
Residential
Total
nonresidential
1,791.5
1,854.7
1,992.5
2,122.3
2,172.7
2,130.6
1,978.6
1,606.3
1,648.4
1,761.0
1,973.5
1,835.4
1,665.5
1,589.8
1,592.6
1,577.5
1,582.0
1,654.0
1,663.5
1,693.9
1,699.0
1,736.7
1,790.4
1,817.9
1,839.7
1,173.7
1,189.6
1,263.0
1,347.3
1,455.5
1,550.0
1,537.6
1,263.2
1,319.2
1,435.5
1,539.2
1,442.3
1,312.9
1,257.6
1,247.0
1,235.2
1,253.3
1,308.0
1,343.6
1,371.9
1,378.9
1,413.2
1,465.6
1,484.2
1,491.3
356.6
343.0
346.7
351.8
384.0
438.2
466.4
367.3
309.1
323.2
469.9
457.5
415.3
375.4
354.9
323.7
301.5
306.9
310.1
318.0
305.9
321.9
332.9
332.1
329.3
Total
824.2
850.0
917.3
995.6
1,071.1
1,106.8
1,059.4
889.7
1,019.4
1,125.7
1,056.8
969.0
883.7
874.2
888.0
912.9
958.8
1,010.1
1,044.1
1,064.5
1,086.9
1,103.5
1,145.7
1,166.6
1,177.8
Computers
and
peripheral Software
equipment 1
Total
373.9
403.7
443.1
475.3
516.3
558.2
569.7
548.3
602.6
639.7
571.7
540.7
529.9
535.5
553.7
574.1
581.2
596.1
608.5
624.5
625.0
638.4
640.2
655.1
661.2
173.4
185.6
204.6
218.0
227.1
240.9
250.8
249.1
256.1
271.8
251.9
248.8
244.8
247.8
249.8
253.9
252.0
252.9
257.2
262.4
263.7
268.9
274.1
280.6
284.8
1 Because computers exhibit rapid changes in prices relative to other prices in the economy, the
chained-dollar estimates should not be used to measure the components relative importance or its
contribution to the growth rate of more aggregate series. The quantity index for computers can be
used to accurately measure the real growth rate of this series. For information on this component,
see Survey of Current Business Table 5.3.1 (for growth rates), Table 5.3.2 (for contributions), and
Table 5.3.3 (for quantity indexes).
Other
Structures
Industrial Transportation
equipequipment
ment
142.7
155.1
168.1
178.4
192.8
208.4
202.4
186.1
207.3
209.6
203.3
184.8
180.0
179.8
190.8
193.7
200.3
204.8
209.9
214.4
215.2
211.5
204.3
207.3
209.3
151.9
151.6
147.4
159.6
172.9
179.9
172.9
137.1
146.6
165.2
173.1
165.8
142.8
136.5
134.5
134.5
135.1
147.3
150.1
153.7
158.1
157.7
169.0
176.1
169.0
Other
equipment
154.2
140.4
162.3
181.7
196.5
185.8
142.7
70.7
119.3
150.4
133.6
98.3
65.5
69.8
70.6
76.7
101.8
117.6
129.1
128.9
139.6
144.6
155.2
162.1
170.2
148.2
155.0
164.4
178.9
185.5
184.2
177.8
145.6
162.6
179.2
181.9
168.3
154.4
143.5
142.3
142.3
153.8
160.5
167.1
168.9
174.0
173.8
187.9
181.0
185.9
Total
residential
613.8
664.3
729.5
775.0
718.2
584.2
444.4
345.6
330.8
326.3
437.8
395.8
354.9
334.3
348.2
344.8
330.8
348.2
321.1
323.1
321.1
324.4
325.4
334.5
349.6
Total 2
605.9
655.9
720.1
765.2
708.1
574.2
434.9
336.9
321.5
316.6
428.3
386.9
346.2
325.9
339.6
336.0
321.7
338.9
311.8
313.6
311.5
314.8
315.7
324.6
339.7
Single
family
Equipment
327.7
362.6
406.1
433.5
391.1
284.0
178.4
105.5
114.7
108.1
168.4
142.4
109.8
93.3
106.9
112.2
115.6
121.8
113.1
108.1
108.4
106.7
107.6
109.8
116.5
7.9
8.4
9.4
9.8
10.1
10.0
9.7
8.8
9.5
10.0
9.6
9.1
8.8
8.6
8.8
9.1
9.3
9.6
9.6
9.8
9.8
9.9
10.0
10.2
10.1
Note: Because of the formula used for calculating real GDP, the chained (2005) dollar
estimates for the detailed components do not add to the chained-dollar value of GDP or to any
intermediate aggregates.
Source: Department of Commerce (Bureau of Economic Analysis).
Business Investment
[Billions of dollars]
Capital expenditures
By industry
Period
Total
capital
expenditures
Forestry,
Total
fishing,
by
and agri- Mining
industry cultural
services
ConUtilities struction
Manufacturing
Wholesale
trade
Retail
trade
ProfesReal
sional,
estate
scienand
tific,
rental
and
and
leasing technical
services
Health
care
and
social
assistance
Other 1
For
companies
without
employees
807.1
871.8
970.9
896.5
0.9
40.4
36.0
26.9
203.6
29.2
57.3
51.3
96.5
118.2
85.2
22.3
47.1
81.7
74.4
1,047.0
974.6
1.7
30.6
42.8
23.1
196.4
32.4
64.1
57.3
122.8
130.1
100.6
29.5
51.3
91.8
72.3
1,161.0 1,089.9
1.5
42.5
61.3
25.0
214.8
33.6
69.8
59.9
160.2
133.7
92.5
34.1
52.2
108.9
71.2
1,109.0 1,052.3
1.5
51.3
82.8
24.8
192.8
30.0
66.9
57.8
144.8
131.1
82.7
30.5
52.9
102.5
56.7
997.9
917.5
1.9
42.5
65.5
24.8
157.2
26.8
59.3
47.1
88.2
128.4
94.5
25.9
59.3
96.1
80.4
975.0
886.8
1.9
50.5
54.6
23.2
149.1
26.0
65.9
44.5
80.5
120.8
88.0
24.7
61.2
96.2
88.2
1,042.1
953.2
2.1
51.3
50.4
28.6
156.7
32.3
72.2
46.1
83.5
153.6
91.6
26.7
64.6
93.6
88.9
1,144.8 1,062.5
2.7
66.7
58.0
30.1
165.6
40.6
73.5
56.9
91.4
161.4
103.0
33.1
73.8
105.6
82.2
1,309.9 1,217.1
2.7
99.3
69.8
30.3
192.4
36.6
86.7
68.0
104.4
163.1
132.1
30.3
75.3
126.3
92.8
1,354.7 1,270.5
2.1
120.7
85.4
36.7
197.3
30.8
82.5
67.4
106.1
173.4
117.5
31.8
84.2
134.8
84.2
1,374.2 1,294.5
2.3
149.3
98.7
40.8
213.1
32.4
73.2
79.6
103.3
132.9
106.9
33.0
90.2
138.7
79.7
1,090.7 1,015.3
2.2
100.6
103.0
19.8
155.2
25.3
58.4
55.7
88.4
99.5
72.9
28.2
79.4
127.0
75.4
1,105.7 1,036.2
3.2
115.0
94.6
17.9
159.6
31.2
66.3
58.9
97.4
102.7
81.3
29.2
78.5
100.3
69.5
10
[Thousands of persons 16 years of age and over, except as noted; monthly data seasonally adjusted except as noted by NSA]
Period
2002
2003 2
2004 2
2005 2
2006 2
2007 2
2008 2
2009 2
2010 2
2011 2
2011:May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan 2
Feb
Mar
Apr
May
Civilian
noninstitutional
population
(NSA)
217,570
221,168
223,357
226,082
228,815
231,867
233,788
235,801
237,830
239,618
239,313
239,489
239,671
239,871
240,071
240,269
240,441
240,584
242,269
242,435
242,604
242,784
242,966
Civilian employment
Civilian
labor
force
Total
144,863
146,510
147,401
149,320
151,428
153,124
154,287
154,142
153,889
153,617
153,700
153,409
153,358
153,674
154,004
154,057
153,937
153,887
154,395
154,871
154,707
154,365
155,007
136,485
137,736
139,252
141,730
144,427
146,047
145,362
139,877
139,064
139,869
139,808
139,385
139,450
139,754
140,107
140,297
140,614
140,790
141,637
142,065
142,034
141,865
142,287
Men
20 years
and
over
69,734
70,415
71,572
73,050
74,431
75,337
74,750
71,341
71,230
72,182
72,161
71,981
71,930
72,098
72,340
72,379
72,846
73,080
73,170
73,240
73,286
73,119
73,229
Women
20 years
and
over
60,420
61,402
61,773
62,702
63,834
64,799
65,039
63,699
63,456
63,360
63,385
63,088
63,257
63,322
63,406
63,520
63,352
63,323
64,078
64,454
64,413
64,425
64,671
Percent 1
Unemployment
Both
sexes
1619
years
6,332
5,919
5,907
5,978
6,162
5,911
5,573
4,837
4,378
4,327
4,262
4,316
4,262
4,333
4,362
4,398
4,416
4,387
4,389
4,371
4,335
4,321
4,388
1 Civilian labor force (or employment) as percent of civilian noninstitutional population; and
unemployment as percent of civilian labor force.
2 Not strictly comparable with earlier data.
Total
8,378
8,774
8,149
7,591
7,001
7,078
8,924
14,265
14,825
13,747
13,892
14,024
13,908
13,920
13,897
13,759
13,323
13,097
12,758
12,806
12,673
12,500
12,720
Men
20 years
and
over
3,896
4,209
3,791
3,392
3,131
3,259
4,297
7,555
7,763
6,898
7,043
7,135
7,047
6,991
6,901
6,912
6,594
6,356
6,064
6,077
6,051
5,930
6,153
Women
20 years
and
over
3,228
3,314
3,150
3,013
2,751
2,718
3,342
5,157
5,534
5,450
5,493
5,482
5,449
5,462
5,584
5,461
5,359
5,425
5,370
5,361
5,176
5,137
5,136
Both
sexes
1619
years
1,253
1,251
1,208
1,186
1,119
1,101
1,285
1,552
1,528
1,400
1,356
1,408
1,412
1,467
1,412
1,386
1,370
1,316
1,324
1,367
1,447
1,432
1,431
Not
in
labor
force
72,707
74,658
75,956
76,762
77,387
78,743
79,501
81,659
83,941
86,001
85,613
86,080
86,313
86,198
86,067
86,213
86,503
86,697
87,874
87,564
87,897
88,419
87,958
Labor
force
participation
rate
66.6
66.2
66.0
66.0
66.2
66.0
66.0
65.4
64.7
64.1
64.2
64.1
64.0
64.1
64.1
64.1
64.0
64.0
63.7
63.9
63.8
63.6
63.8
Employment/
population
ratio
Unemployment
rate
62.7
62.3
62.3
62.7
63.1
63.0
62.2
59.3
58.5
58.4
58.4
58.2
58.2
58.3
58.4
58.4
58.5
58.5
58.5
58.6
58.5
58.4
58.6
5.8
6.0
5.5
5.1
4.6
4.6
5.8
9.3
9.6
8.9
9.0
9.1
9.1
9.1
9.0
8.9
8.7
8.5
8.3
8.3
8.2
8.1
8.2
Note: Beginning January 2012, data reflect revised population controls and are not strictly
comparable with earlier data.
See Employment and Earnings for details on breaks in series.
Source: Department of Labor (Bureau of Labor Statistics).
11
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb
Mar
Apr
May
All
civilian
workers
5.8
6.0
5.5
5.1
4.6
4.6
5.8
9.3
9.6
8.9
9.0
9.1
9.1
9.1
9.0
8.9
8.7
8.5
8.3
8.3
8.2
8.1
8.2
Men
20 years
and
over
5.3
5.6
5.0
4.4
4.0
4.1
5.4
9.6
9.8
8.7
8.9
9.0
8.9
8.8
8.7
8.7
8.3
8.0
7.7
7.7
7.6
7.5
7.8
Women
20 years
and
over
5.1
5.1
4.9
4.6
4.1
4.0
4.9
7.5
8.0
7.9
8.0
8.0
7.9
7.9
8.1
7.9
7.8
7.9
7.7
7.7
7.4
7.4
7.4
Both
sexes
1619
years
16.5
17.5
17.0
16.6
15.4
15.7
18.7
24.3
25.9
24.4
24.1
24.6
24.9
25.3
24.5
24.0
23.7
23.1
23.2
23.8
25.0
24.9
24.6
White
5.1
5.2
4.8
4.4
4.0
4.1
5.2
8.5
8.7
7.9
8.0
8.1
8.1
7.9
7.9
8.0
7.6
7.5
7.4
7.3
7.3
7.4
7.4
1 Beginning in 2003, persons who selected this race group only. Prior to 2003, persons
who reported more than one race were included in the group they identified as the main race.
Persons whose ethnicity is identified as Hispanic or Latino may be of any race.
12
Black
or
African
American
10.2
10.8
10.4
10.0
8.9
8.3
10.1
14.8
16.0
15.8
16.2
16.2
15.9
16.7
15.9
15.0
15.5
15.8
13.6
14.1
14.0
13.0
13.6
By selected groups
Hispanic
or
Latino
ethnicity
Asian
(NSA)
5.9
6.0
4.4
4.0
3.0
3.2
4.0
7.3
7.5
7.0
7.0
6.8
7.7
7.1
7.8
7.3
6.5
6.8
6.7
6.3
6.2
5.2
5.2
7.5
7.7
7.0
6.0
5.2
5.6
7.6
12.1
12.5
11.5
11.8
11.6
11.3
11.3
11.3
11.4
11.4
11.0
10.5
10.7
10.3
10.3
11.0
Married
men,
spouse
present
Women
who
maintain
families
(NSA)
3.6
3.8
3.1
2.8
2.4
2.5
3.4
6.6
6.8
5.8
6.0
6.1
6.1
5.8
5.8
5.8
5.3
5.1
5.1
5.0
5.1
5.2
5.3
8.0
8.5
8.0
7.8
7.1
6.5
8.0
11.5
12.3
12.4
12.7
12.8
12.1
11.9
12.4
12.3
12.4
12.9
12.0
11.7
10.8
10.2
10.9
Full-time
workers
5.9
6.1
5.6
5.0
4.5
4.6
5.8
10.0
10.4
9.6
9.7
9.7
9.8
9.7
9.8
9.5
9.2
9.0
8.8
8.8
8.6
8.5
8.7
Part-time
workers
5.2
5.5
5.3
5.4
5.1
4.9
5.5
6.0
6.3
6.3
6.2
6.7
6.1
6.5
6.0
6.4
6.0
6.3
5.9
6.0
6.2
6.3
6.1
Unemployment
(thousands)
Percent distribution
Less
than
5 weeks
514
weeks
1526
weeks
27 weeks
and over
Average
(mean) 1
Median
Job
losers
Job
leavers
Reentrants
New
entrants
State programs
Insured
unemployment
(NSA)
Initial
claims
(NSA)
Insured
unemployment,
all
programs
(NSA) 2
8,378
8,774
8,149
7,591
7,001
7,078
8,924
14,265
14,825
13,747
13,892
14,024
13,908
13,920
13,897
13,759
13,323
13,097
12,758
12,806
12,673
12,500
12,720
34.5
31.7
33.1
35.1
37.3
35.9
32.8
22.2
18.7
19.5
19.5
21.6
19.3
19.6
19.8
19.4
19.1
20.3
19.3
19.9
20.6
20.6
20.4
30.8
29.8
29.2
30.4
30.3
31.5
31.4
26.8
22.0
21.8
21.1
21.0
22.1
21.6
20.9
23.8
22.0
21.7
22.4
22.0
22.0
22.8
23.7
16.3
16.4
15.9
14.9
14.7
15.0
16.0
19.5
16.0
15.0
14.5
13.2
14.2
15.8
14.6
14.7
15.8
15.5
15.4
15.5
14.9
15.3
13.1
18.3
22.1
21.8
19.6
17.6
17.6
19.7
31.5
43.3
43.8
45.0
44.2
44.4
43.1
44.7
42.2
43.1
42.5
42.9
42.6
42.5
41.3
42.8
16.6
19.2
19.6
18.4
16.8
16.8
17.9
24.4
33.0
39.3
39.6
39.8
40.2
40.3
40.4
39.2
40.9
40.8
40.1
40.0
39.4
39.1
39.7
1 Beginning January 2011, includes unemployment durations of up to 5 years; prior data are
for up to 2 years.
2 Includes State (50 States, District of Columbia, Puerto Rico, and the Virgin Islands), Federal
(UCFE), ex-service members (UCX), and Federal and State extended benefit programs. Also
includes Temporary Extended Unemployment Compensation (2002-2004), Emergency Unemployment Compensation (2008-2012), and Federal Additional Compensation (2009-2010).
9.1
10.1
9.8
8.9
8.3
8.5
9.4
15.1
21.4
21.4
21.9
22.1
21.2
21.7
21.8
20.8
21.5
21.0
21.1
20.3
19.9
19.4
20.1
55.0
55.1
51.5
48.3
47.4
49.7
53.7
64.2
62.4
59.0
59.6
59.4
59.1
58.6
58.1
58.0
57.4
57.4
57.0
55.5
54.7
54.5
55.1
10.3
9.3
10.5
11.5
11.8
11.2
10.0
6.2
6.0
7.0
6.6
7.0
6.8
7.0
7.0
7.8
7.6
7.2
7.3
7.9
8.7
7.9
7.0
28.3
28.2
29.5
31.4
32.0
30.3
27.7
22.3
23.4
24.7
24.8
24.8
24.8
25.4
25.2
24.8
25.3
25.7
25.9
25.9
25.5
26.6
27.1
6.4
3,585
407
4,453
7.3
3,531
404
4,400
8.4
2,950
345
3,103
8.8
2,661
328
2,709
8.8
2,476
313
2,521
8.9
2,572
324
2,612
8.6
3,306
424
3,898
7.3
5,724
568
9,122
8.2
4,487
454
9,724
r 7,626
9.3
3,681
406
8.9
4,094
407
8,831
8.9
3,688
447
7,885
9.2
3,887
439
7,958
9.0
4,013
398
8,252
9.6
3,305
366
6,849
9.4
3,582
403
7,645
r 7,332
9.6
3,533
459
9.7
3,688
517
7,330
r 9,048
9.8
4,781
548
r 375
r 7,425
10.7
3,903
11.2
3,783
354
7,174
11.0
3,710
378
7,234
10.8
Note: Data relate to persons age 16 years and over (except for insured unemployment and initial
claims).
Source: Department of Labor (Bureau of Labor Statistics and Employment and Training
Administration).
13
Nonagricultural Employment
Total nonagricultural employment as measured by the payroll survey rose by 69,000 in May.
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb
Mar r
Apr r
May p
Total
nonagricultural
employment
130,341
129,999
131,435
133,703
136,086
137,598
136,790
130,807
129,874
131,359
131,227
131,311
131,407
131,492
131,694
131,806
131,963
132,186
132,461
132,720
132,863
132,940
133,009
Goods-producing industries
Total
private
108,828
108,416
109,814
111,899
114,113
115,380
114,281
108,252
107,384
109,254
109,097
109,199
109,374
109,426
109,642
109,781
109,959
110,193
110,470
110,724
110,871
110,958
111,040
Total 2
22,557
21,816
21,882
22,190
22,530
22,233
21,335
18,558
17,751
18,021
18,001
18,019
18,071
18,067
18,100
18,106
18,114
18,176
18,254
18,290
18,318
18,322
18,307
Construc- Manufaction
turing
6,716
6,735
6,976
7,336
7,691
7,630
7,162
6,016
5,518
5,504
5,498
5,495
5,508
5,498
5,528
5,519
5,520
5,546
5,564
5,563
5,549
5,544
5,516
15,259
14,509
14,315
14,227
14,155
13,879
13,406
11,847
11,528
11,733
11,726
11,738
11,768
11,771
11,768
11,777
11,780
11,808
11,860
11,890
11,932
11,941
11,953
25,497
25,287
25,533
25,959
26,276
26,630
26,293
24,906
24,636
25,019
24,993
25,027
25,052
25,060
25,075
25,102
25,154
25,181
25,239
25,246
25,243
25,264
25,318
1 Data from the establishment survey. Includes all full- and part-time wage and salary
workers in nonagricultural establishments who received pay for any part of the pay period that
includes the 12th of the month. Excludes proprietors, self-employed persons, unpaid family
workers, and private household workers. Data from the household survey shown on p. 11 include
those workers and also count persons as employed when they are not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off. In the series shown
here, persons who work at more than one job are counted each time they appear on a payroll,
in contrast to the series shown on p. 11 where persons are counted only onceas employed,
unemployed, or not in the labor force. See Employment and Earnings for details.
14
Retail
trade
15,025
14,917
15,058
15,280
15,353
15,520
15,283
14,522
14,440
14,643
14,626
14,642
14,669
14,664
14,679
14,691
14,725
14,732
14,756
14,741
14,726
14,753
14,756
Information
Financial
activities
3,395
3,188
3,118
3,061
3,038
3,032
2,984
2,804
2,707
2,659
2,671
2,669
2,665
2,615
2,649
2,646
2,644
2,645
2,628
2,636
2,631
2,630
2,628
7,847
7,977
8,031
8,153
8,328
8,301
8,145
7,769
7,652
7,681
7,693
7,680
7,676
7,681
7,675
7,680
7,691
7,696
7,697
7,704
7,717
7,721
7,724
16,199
16,588
16,953
17,372
17,826
18,322
18,838
19,193
19,531
19,884
19,823
19,848
19,898
19,931
19,989
20,026
20,046
20,079
20,110
20,181
20,232
20,261
20,307
11,986
12,173
12,493
12,816
13,110
13,427
13,436
13,077
13,049
13,320
13,280
13,315
13,332
13,344
13,364
13,394
13,436
13,464
13,503
13,548
13,591
13,585
13,576
Other
services
5,372
5,401
5,409
5,395
5,438
5,494
5,515
5,367
5,331
5,342
5,338
5,338
5,338
5,346
5,349
5,345
5,353
5,359
5,367
5,358
5,360
5,359
5,365
Government
21,513
21,583
21,621
21,804
21,974
22,218
22,509
22,555
22,490
22,104
22,130
22,112
22,033
22,066
22,052
22,025
22,004
21,993
21,991
21,996
21,992
21,982
21,969
Note: Data classified by industry based on the 2012 North American Industry Classification
System (NAICS). For details see Employment and Earnings.
Source: Department of Labor (Bureau of Labor Statistics).
Total
private
nonagricultural 1
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb
Mar r
Apr r
May p
33.9
33.7
33.7
33.8
33.9
33.9
33.6
33.1
33.4
33.6
33.7
33.6
33.7
33.7
33.6
33.6
33.7
33.7
33.7
33.8
33.8
33.7
33.7
33.7
Manufacturing
Total
Overtime
40.5
40.4
40.8
40.7
41.1
41.2
40.8
39.8
41.1
41.4
41.4
41.5
41.4
41.4
41.3
41.3
41.5
41.5
41.6
41.8
41.9
41.6
41.7
41.5
4.2
4.2
4.6
4.6
4.4
4.2
3.7
2.9
3.8
4.1
4.1
4.1
4.0
4.1
4.1
4.0
4.1
4.1
4.1
4.2
4.2
4.2
4.2
4.1
Current
dollars
Manufacturing
1982-84
dollars 2
$14.97
$8.51
15.37
8.55
15.69
8.50
16.13
8.45
16.76
8.50
17.43
8.60
18.08
8.57
18.63
8.89
19.07
8.91
19.47
8.79
19.39
8.79
19.43
8.78
19.45
8.78
19.52
8.78
19.50
8.74
19.53
8.73
19.57
8.75
19.58
8.75
19.59
8.76
19.61
8.75
19.65
8.72
19.67
8.70
19.71
8.72
19.70
Current
dollars
$15.29
15.74
16.14
16.56
16.81
17.26
17.75
18.24
18.61
18.94
18.90
18.92
18.92
18.95
18.93
18.94
19.00
18.98
19.02
19.03
19.04
19.06
19.12
19.09
Current dollars
1982-84
dollars 2
$506.75
$288.09
518.06
288.13
529.09
286.77
544.33
284.99
567.87
288.11
590.04
290.99
607.95
288.06
617.18
294.41
636.92
297.67
654.87
295.55
653.44
296.07
652.85
294.96
655.47
295.98
657.82
296.04
655.20
293.76
656.21
293.28
659.51
294.99
659.85
294.95
660.18
295.14
662.82
295.71
664.17
294.86
662.88
293.32
664.23
293.99
663.89
Manufacturing
Construction
$618.62
635.99
658.52
673.34
691.05
711.53
724.46
726.12
765.15
784.68
782.46
785.18
783.29
784.53
781.81
782.22
788.50
787.67
791.23
795.45
797.78
792.90
797.30
792.24
$711.82
727.00
735.55
750.37
781.59
816.23
842.61
851.76
891.83
921.66
914.52
921.59
917.26
924.72
927.42
926.64
920.34
921.15
931.00
928.23
936.13
940.45
939.66
935.22
Retail
trade
Current
dollars
$360.87
367.15
371.03
377.58
383.12
385.00
386.21
388.57
400.02
412.10
411.88
408.27
410.53
414.32
411.45
412.06
417.21
420.28
419.67
421.34
421.82
423.05
421.36
423.20
1982-84
dollars 2
2.6
1.2
2.2
.0
2.1
.5
2.9
.6
4.3
1.1
3.9
1.0
3.0
1.0
1.5
2.2
3.2
1.1
2.8
.7
3.0
.5
2.8
1.1
3.0
1.0
3.2
.8
2.3
1.9
2.3
2.0
2.3
1.6
2.4
1.3
2.5
.8
2.7
.5
2.3
.9
2.0
.8
1.7
.7
1.7
Total
compensation
Wages
and
salaries
Benefits 1
Total
compensation
12 months earlier
Wages
and
salaries
Benefits 1
Total
compensation
Wages
and
salaries
Benefits 1
90.0
93.6
97.2
100.0
103.2
106.3
108.9
110.2
112.5
115.0
92.2
95.1
97.6
100.0
103.2
106.6
109.4
110.8
112.8
114.6
84.7
90.2
96.2
100.0
103.1
105.6
107.7
108.7
111.9
115.9
3.1
4.0
3.8
2.9
3.2
3.0
2.4
1.2
2.1
2.2
Seasonally adjusted
2009:Mar
June
Sept
Dec
2010:Mar
June
Sept
Dec
2011:Mar
June
Sept
Dec
2012:Mar
109.3
109.5
110.0
110.4
111.1
111.6
112.1
112.7
113.3
114.2
114.6
115.2
115.7
109.8
110.1
110.5
110.9
111.4
111.9
112.3
112.8
113.2
113.8
114.2
114.7
115.3
108.0
108.2
108.7
109.1
110.3
110.8
111.7
112.3
113.5
115.1
115.4
116.3
116.7
2.6
3.1
2.6
2.5
3.2
3.3
2.6
1.3
1.8
1.6
4.2
6.5
6.7
4.0
3.1
2.4
2.0
.9
2.9
3.6
0.3
.3
.4
.4
.5
.4
.4
.4
.4
.5
.4
.4
.5
0.0
.2
.5
.4
1.1
.5
.8
.5
1.1
1.4
.3
.8
.3
1.9
1.5
1.2
1.2
1.6
1.9
2.0
2.1
2.0
2.3
2.1
2.2
2.1
2.0
1.6
1.4
1.3
1.5
1.6
1.6
1.8
1.6
1.7
1.7
1.6
1.9
1.6
1.3
1.1
.9
2.0
2.4
2.8
2.9
3.0
4.0
3.3
3.6
2.8
Note: The employment cost index is a measure of the change in the cost of labor, free from
the influence of employment shifts among occupations and industries.
Data exclude farm and household workers.
15
Nonfarm
business
sector
Hours of
all persons 2
Output 1
Business
sector
Nonfarm
business
sector
Business
sector
Compensation
per hour 3
Nonfarm
business
sector
Business
sector
Nonfarm
business
sector
Real
compensation
per hour 4
Business
sector
Nonfarm
business
sector
Unit labor
costs
Implicit price
deflator 5
Business
sector
Nonfarm
business
sector
Business
sector
Nonfarm
business
sector
96.4
97.2
97.8
100.0
102.8
105.5
108.2
107.4
105.2
107.6
108.0
107.1
108.3
109.6
108.5
108.1
107.0
105.9
105.1
105.5
105.4
105.0
106.8
106.8
107.8
108.5
109.1
96.2
97.1
97.8
100.0
102.8
105.3
108.2
107.5
105.4
107.5
108.0
107.1
108.2
109.7
108.6
108.3
107.2
106.1
105.3
105.6
105.6
105.1
106.7
106.7
107.7
108.4
109.0
93.2
94.5
96.9
100.0
102.9
105.6
107.5
108.3
109.6
112.3
106.5
107.2
108.2
108.0
108.4
108.1
108.1
108.4
108.9
109.4
109.7
110.4
111.2
111.9
112.7
112.8
113.2
93.2
94.4
96.6
100.0
103.0
105.4
107.3
108.4
109.6
111.9
106.2
107.0
108.0
108.0
108.6
108.2
108.4
108.5
109.0
109.5
109.7
110.2
110.8
111.5
112.2
112.4
112.8
1.3
.9
.7
2.2
2.8
2.6
2.6
.8
2.0
2.3
8.0
3.2
4.3
5.0
4.1
1.3
4.1
3.9
2.9
1.3
.4
1.3
6.8
.1
3.8
2.8
2.0
1.3
1.0
.7
2.3
2.8
2.4
2.8
.7
2.0
2.0
8.7
3.4
4.3
5.7
4.0
1.1
4.0
4.1
3.1
1.4
.2
1.7
6.2
.1
3.9
2.7
2.0
0.8
1.4
2.6
3.2
2.9
2.6
1.8
.7
1.3
2.5
1.5
2.9
3.5
.5
1.4
1.2
.3
1.1
1.8
1.9
1.1
2.2
2.9
2.9
2.6
.5
1.3
0.9
1.2
2.4
3.5
3.0
2.3
1.8
1.1
1.1
2.1
1.5
3.1
3.7
.2
2.0
1.2
.6
.5
1.6
2.0
.7
1.7
2.2
2.7
2.5
.8
1.3
92.2
95.7
98.4
100.0
100.9
102.4
103.2
105.7
109.9
110.1
103.0
103.6
103.4
102.6
102.9
105.0
106.8
108.1
109.3
109.6
110.2
110.5
110.1
110.0
110.4
110.7
110.6
92.4
95.8
98.4
100.0
100.9
102.5
103.1
105.5
109.8
110.2
103.0
103.6
103.4
102.5
102.8
104.9
106.5
107.9
109.1
109.5
110.0
110.5
110.2
110.1
110.6
110.9
110.8
90.2
93.0
96.7
100.0
103.0
105.1
103.7
98.7
102.5
104.7
105.2
105.3
103.8
100.5
98.3
98.1
98.5
99.7
101.0
102.1
103.1
103.9
104.0
104.4
105.1
106.1
106.8
90.3
93.0
96.7
100.0
103.1
105.3
103.7
98.5
102.4
104.8
105.2
105.3
103.9
100.4
98.2
97.9
98.2
99.6
100.8
102.0
102.9
103.8
104.0
104.5
105.2
106.2
106.9
97.8
97.2
98.3
100.0
102.1
102.6
100.5
93.3
93.3
95.1
102.1
101.6
100.4
98.0
95.5
93.4
92.2
92.2
92.4
93.2
93.5
94.0
94.5
94.9
95.2
95.8
96.6
97.6
97.1
98.3
100.0
102.2
102.7
100.6
93.3
93.3
95.1
102.2
101.7
100.5
98.0
95.5
93.3
92.2
92.3
92.4
93.1
93.5
94.0
94.4
94.9
95.2
95.8
96.5
88.8
93.0
96.2
100.0
103.8
108.1
111.7
113.5
115.7
118.5
111.3
111.0
111.9
112.4
111.7
113.6
114.3
114.6
114.9
115.6
116.1
116.1
117.5
117.5
119.0
120.2
120.6
88.9
93.1
96.2
100.0
103.8
107.9
111.6
113.5
115.7
118.6
111.2
110.9
111.9
112.4
111.7
113.6
114.2
114.5
114.9
115.6
116.1
116.1
117.6
117.4
119.1
120.2
120.7
96.4
98.7
99.5
100.0
100.5
101.8
101.2
103.3
103.6
102.9
102.1
100.6
99.8
102.7
102.6
103.9
103.6
103.1
103.1
103.9
104.0
103.2
103.3
102.2
102.7
103.4
103.1
96.5
98.8
99.4
100.0
100.5
101.6
101.2
103.3
103.6
102.9
102.1
100.5
99.8
102.7
102.6
103.9
103.5
103.0
103.1
103.9
103.9
103.2
103.3
102.1
102.7
103.4
103.2
4.5
3.9
2.8
1.7
.9
1.5
.7
2.5
4.0
.2
2.2
2.5
.9
3.1
1.4
8.4
6.9
5.1
4.2
1.2
2.3
1.3
1.8
.1
1.5
1.2
.6
4.6
3.7
2.6
1.6
.9
1.5
.6
2.3
4.0
.4
2.6
2.4
.8
3.4
1.3
8.3
6.4
5.3
4.5
1.2
1.8
1.8
1.0
.3
1.8
1.2
.5
2.0
3.1
4.0
3.4
3.0
2.0
1.3
4.9
3.9
2.2
3.1
.2
5.4
12.0
8.5
1.0
1.8
5.0
5.1
4.7
3.7
3.2
.3
1.7
2.7
3.7
2.7
1.9
3.1
4.0
3.4
3.1
2.1
1.5
5.1
4.0
2.4
3.6
.4
5.2
12.7
8.7
1.1
1.4
5.6
5.2
4.6
3.5
3.8
.9
1.8
2.8
3.7
2.7
2.4
.7
1.2
1.7
2.1
.5
2.0
7.2
.0
1.9
1.0
2.2
4.5
9.2
9.8
8.7
4.8
.1
.9
3.5
1.4
1.9
2.1
1.8
1.2
2.5
3.3
2.5
.6
1.3
1.7
2.2
.5
2.1
7.2
.0
1.9
1.1
2.0
4.4
9.7
9.9
8.7
4.7
.2
.6
3.3
1.7
1.9
1.9
2.2
1.0
2.4
3.2
16
3.1
4.8
3.5
3.9
3.8
4.1
3.3
1.7
1.9
2.5
5.6
.8
3.3
1.8
2.7
7.0
2.5
1.0
1.1
2.5
1.9
.1
4.9
.1
5.3
4.0
1.4
3.2
4.7
3.3
3.9
3.8
4.0
3.4
1.7
1.9
2.5
5.9
1.1
3.4
2.1
2.8
7.1
2.2
1.0
1.3
2.6
1.6
.1
5.1
.5
5.7
3.9
1.5
1.5
2.5
.7
.5
.5
1.2
.5
2.0
.3
.6
1.1
5.8
2.9
11.8
.2
5.1
1.1
2.0
.2
2.8
.4
3.0
.4
4.3
2.1
2.7
1.1
1.5
2.4
.6
.6
.5
1.1
.4
2.1
.3
.6
1.4
6.1
2.8
12.2
.3
5.2
1.4
2.0
.4
3.0
.2
2.8
.5
4.7
2.5
2.6
.9
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:Apr
May
June
July
Aug
Sept
Oct
Nov r
Dec r
2012:Jan r
Feb r
Mar r
Apr p
Percent change 2
Index,
2007=100
89.3
90.4
92.5
95.5
97.6
100.0
96.5
85.4
90.1
93.7
92.6
92.9
93.1
93.9
94.2
94.4
94.9
95.1
95.9
96.5
96.9
96.4
97.4
From
preceding
month
0.5
.3
.1
.9
.3
.2
.6
.2
.8
.6
.4
.6
1.1
Capacity utilization
rate
(output as percent
of capacity) 1
Manufacturing
From
year
earlier
0.2
1.2
2.3
3.3
2.2
2.5
3.5
11.4
5.4
4.1
4.4
3.2
3.1
3.4
3.4
3.2
4.2
4.1
3.8
4.3
5.0
3.6
5.2
Total 1
Durable
87.8
88.9
91.4
95.0
97.4
100.0
95.2
82.0
86.7
90.4
89.5
89.7
89.7
90.4
90.7
91.1
91.5
91.5
92.8
93.8
94.5
94.1
94.6
1 Total industry and total manufacturing series include manufacturing as defined in the
North American Industry Classification System (NAICS) plus those industrieslogging and
newspaper, periodical, book and directory-publishingthat have traditionally been included in
manufacturing.
2 Percent changes based on unrounded indexes.
80.9
82.9
86.2
91.2
95.4
100.0
96.3
78.0
86.0
92.6
90.9
91.6
91.7
92.5
93.1
93.5
94.3
94.8
96.1
97.8
99.0
98.7
100.0
Nondurable
94.2
94.4
95.9
98.3
98.8
100.0
94.1
86.8
88.7
90.1
89.9
89.6
89.7
90.4
90.2
90.6
90.6
90.1
91.4
91.7
92.0
91.3
91.1
Other
(non-NAICS) 1
110.2
106.9
107.8
107.5
106.2
100.0
93.6
80.7
76.5
71.6
70.8
70.9
69.4
69.6
71.2
71.8
72.2
72.2
72.9
72.5
73.2
73.6
73.6
Mining
98.4
98.7
98.1
97.0
99.4
100.0
101.0
95.8
100.7
107.0
105.1
106.0
106.3
106.8
107.9
107.8
110.2
111.8
112.3
112.6
110.4
108.5
110.2
Utilities
92.3
94.1
95.3
97.3
96.7
100.0
99.9
97.5
100.9
100.6
99.7
100.1
100.7
103.1
102.3
101.2
100.0
100.2
96.6
94.8
95.9
96.5
100.9
Total
industry
74.9
76.0
77.9
79.9
80.3
80.4
77.3
68.6
73.7
76.8
76.1
76.3
76.3
77.0
77.1
77.2
77.6
77.7
78.2
78.7
78.9
78.4
79.2
Total
manufacturing
72.9
73.9
76.2
78.2
78.5
78.5
74.3
65.5
71.2
75.0
74.3
74.4
74.4
75.0
75.2
75.5
75.8
75.7
76.7
77.5
78.0
77.6
77.9
17
Industrial Production
Major Market Groups and Selected Manufactures
[2007=100; monthly data seasonally adjusted]
Products and nonindustrial supplies
Materials
Final products
Consumer goods
Period
Total
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 r
2011:Apr
May
June
July
Aug
Sept
Oct
Nov r
Dec r
2012:Jan r
Feb r
Mar r
Apr p
Nonindustrial supplies
Total
88.9
90.0
91.7
95.4
97.9
100.0
96.4
86.6
89.4
92.9
91.7
92.3
92.3
93.1
93.6
93.9
94.5
94.2
94.6
95.3
96.0
95.8
96.6
94.1
95.4
96.5
99.1
99.6
100.0
95.1
88.6
89.6
91.7
90.8
91.3
91.2
92.2
92.5
92.6
92.9
92.2
92.5
92.8
93.3
92.8
93.6
Durable
goods
93.0
95.9
97.4
98.2
98.4
100.0
88.8
74.0
80.1
85.8
83.2
84.0
83.6
86.1
86.8
87.6
89.5
88.1
89.9
92.8
93.3
92.9
94.7
Equipment
Nondurable
goods
94.6
95.2
96.1
99.3
99.9
100.0
97.2
93.4
92.7
93.6
93.3
93.6
93.7
94.2
94.3
94.2
94.0
93.5
93.4
92.9
93.3
92.8
93.2
Total 1
77.4
78.0
81.0
87.2
94.3
100.0
99.2
82.0
88.9
95.8
93.7
94.8
94.7
95.3
96.4
96.9
98.2
99.0
99.6
101.1
102.5
102.6
103.8
Business
78.2
78.0
81.7
87.6
95.7
100.0
97.6
79.9
86.5
93.6
91.4
92.5
92.6
93.0
94.1
94.6
95.9
96.5
97.4
99.3
100.6
100.9
102.4
Defense
and
space
Total
74.5
79.2
77.2
85.0
84.1
100.0
107.0
102.5
106.7
109.5
108.7
109.4
107.8
108.7
109.7
109.6
110.9
112.3
111.7
111.8
114.2
113.7
114.1
92.0
93.0
94.9
98.3
99.8
100.0
94.2
80.5
82.6
84.7
83.9
84.6
84.4
85.2
85.3
85.5
85.4
85.1
86.1
86.4
87.5
87.0
87.8
Construction
Business
92.2
92.0
94.2
98.7
101.1
100.0
90.7
69.9
72.6
76.6
75.4
76.5
76.6
77.5
77.1
77.1
77.3
77.9
79.8
79.9
81.6
80.3
80.3
91.9
93.4
95.1
98.2
99.2
100.0
95.9
85.7
87.6
88.7
88.1
88.5
88.2
88.9
89.3
89.6
89.3
88.6
89.2
89.6
90.4
90.2
91.5
Total 1
88.7
89.9
92.4
94.6
96.5
100.0
97.3
86.1
93.3
97.6
96.6
96.5
96.9
97.8
97.8
98.0
98.7
99.4
100.4
101.1
101.0
100.2
101.5
Energy
98.0
98.1
97.9
96.9
98.1
100.0
100.6
98.4
102.5
106.8
105.3
104.9
106.0
107.5
108.0
107.4
109.2
110.5
109.8
109.6
108.5
107.4
109.7
Primary metals
Period
Total
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:Apr
May
June
July
Aug
Sept
Oct
Nov r
Dec r
2012:Jan r
Feb r
Mar r
Apr p
91.3
89.8
97.7
95.2
98.0
100.0
100.0
74.0
90.8
96.8
96.0
95.5
94.3
95.2
95.8
96.7
97.2
100.4
103.0
103.2
104.2
101.6
101.7
Iron
and
steel
products
89.2
89.8
101.7
94.3
98.4
100.0
106.4
68.5
89.0
97.1
93.9
93.3
93.9
93.8
97.4
96.5
97.5
102.3
109.1
107.9
108.9
105.1
104.4
Fabricated
metal
products
87.6
86.6
86.9
90.9
95.9
100.0
96.4
74.2
79.3
87.2
85.9
86.7
88.0
88.6
88.3
87.9
88.4
89.4
90.3
91.2
92.8
92.6
93.3
Machinery
Total
83.3
82.8
86.3
91.6
95.9
100.0
97.3
75.8
84.5
94.3
92.5
93.4
94.4
94.3
93.8
94.1
94.6
95.4
97.9
99.4
100.8
101.4
101.5
53.1
60.3
68.3
77.0
87.4
100.0
106.1
92.9
103.0
111.1
109.6
110.8
110.2
111.5
112.6
112.4
111.3
112.0
113.7
114.7
114.3
113.9
115.7
18
Nondurable manufactures
Selected
high-technology 1
44.6
53.4
60.6
71.1
85.0
100.0
112.1
96.0
110.2
116.9
116.3
117.5
118.2
118.0
119.2
117.4
114.6
115.0
116.1
115.2
113.5
113.7
116.3
Transportation
equipment
Total
88.6
89.5
89.3
93.0
94.2
100.0
89.6
73.4
84.7
92.1
88.5
89.2
89.5
91.4
93.1
93.9
97.0
96.8
98.3
101.6
103.3
103.6
106.4
Motor
vehicles
and
parts
97.6
101.1
101.7
102.3
100.8
100.0
80.0
58.6
77.7
86.9
82.8
83.2
83.3
85.9
87.6
88.3
92.1
90.6
93.6
99.4
100.1
101.2
105.2
Apparel
Printing
and
support
170.4
157.2
134.5
128.8
125.2
100.0
77.7
55.7
55.6
54.3
55.0
55.9
54.6
54.1
53.8
52.1
53.1
53.1
52.4
54.9
54.4
53.7
54.1
102.1
98.1
98.5
98.6
97.8
100.0
93.8
78.8
78.9
75.4
76.9
76.4
75.2
75.9
75.3
74.5
73.8
73.0
74.2
75.2
75.4
74.4
74.8
Chemical
85.1
86.5
90.0
92.9
95.2
100.0
92.5
83.4
86.3
86.7
86.8
85.8
86.0
86.3
86.4
87.1
86.6
85.6
88.1
88.3
87.5
87.1
87.4
Food
95.0
95.6
95.6
98.6
99.5
100.0
98.7
98.2
98.0
100.3
100.6
99.9
100.3
100.5
100.3
100.4
101.5
100.8
101.3
102.1
102.7
102.1
101.7
New Construction
[Billions of dollars; monthly data at seasonally adjusted annual rates]
Private
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb r
Mar r
Apr p
Total
new
construction
expenditures
Residential
Total
847.9
891.5
991.4
1,104.1
1,167.2
1,152.4
1,067.6
903.2
803.6
789.8
768.2
787.4
799.6
773.3
790.3
799.0
801.2
816.0
824.8
818.6
815.5
818.1
820.7
New
housing
Total 1
634.4
675.4
771.2
870.0
911.8
863.3
758.8
588.3
500.6
506.3
488.4
508.9
515.9
496.0
506.1
513.6
520.7
529.1
538.5
538.5
538.9
543.4
549.7
Federal
and
State
and
local
Nonresidential
396.7
446.0
532.9
611.9
613.7
493.2
350.3
245.9
238.8
237.3
238.3
249.0
243.9
225.3
229.9
233.4
240.0
245.5
246.5
247.9
248.0
249.1
256.1
Total
298.8
345.7
417.5
480.8
468.8
354.1
230.1
133.9
127.2
121.5
119.3
119.1
119.2
120.7
122.3
122.1
122.6
125.1
127.2
130.6
130.2
134.7
137.4
Lodging
237.7
229.3
238.3
258.1
298.1
370.0
408.6
342.4
261.8
269.0
250.1
259.8
271.9
270.7
276.2
280.2
280.8
283.6
292.0
290.7
290.8
294.3
293.6
Commercial
(including
farm)
Office
10.5
9.9
12.0
12.7
17.6
27.5
35.4
25.4
10.9
7.9
7.7
7.7
8.1
7.8
7.9
8.0
7.8
8.1
7.8
8.1
8.5
9.1
8.8
35.3
30.6
32.9
37.3
45.7
53.8
55.5
37.3
24.2
22.6
21.4
22.7
23.5
23.2
22.7
22.8
22.8
22.9
22.8
23.1
23.2
24.9
25.3
Manufacturing
59.0
57.5
63.2
66.6
73.4
85.9
82.7
50.5
37.6
40.1
38.0
39.7
42.0
42.5
42.3
41.5
40.3
40.9
40.7
42.3
42.5
41.8
42.3
Other 2
22.7
21.4
23.2
28.4
32.3
40.2
52.8
56.3
37.5
36.4
32.3
33.2
37.7
35.4
39.5
39.5
40.2
40.2
44.3
42.7
42.5
43.0
41.0
110.2
109.9
107.0
113.1
129.2
162.7
182.3
173.0
151.5
162.0
150.7
156.4
160.6
161.8
163.8
168.5
169.6
171.5
176.4
174.4
174.2
175.4
176.1
213.4
216.1
220.2
234.2
255.4
289.1
308.7
314.9
303.0
283.5
279.8
278.5
283.7
277.3
284.2
285.4
280.4
286.9
286.2
280.1
276.6
274.7
271.0
shown separately.
Period
Total
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
24 units 1
1 unit
1,704.9
1,847.7
1,955.8
2,068.3
1,800.9
1,355.0
905.5
554.0
586.9
608.8
1,358.6
1,499.0
1,610.5
1,715.8
1,465.4
1,046.0
622.0
445.1
471.2
430.6
Units
authorized
5 units or
more
38.5
33.5
42.3
41.1
42.7
31.7
17.5
11.6
11.4
10.9
307.9
315.2
303.0
311.4
292.8
277.3
266.0
97.3
104.3
167.3
1,747.7
1,889.2
Units
completed
Houses for
sale at end
of period 2
Houses
sold
Vacancy
rate for
rental
housing
units
(percent) 3
2,155.3
1,838.9
1,398.4
905.4
583.0
604.6
624.1
1,648.4
1,678.7
1,841.9
1,931.4
1,979.4
1,502.8
1,119.7
794.4
651.7
584.9
973
1,086
1,203
1,283
1,051
776
485
375
323
306
339
370
422
511
536
497
353
234
190
152
8.9
9.8
10.2
9.8
9.7
9.7
10.0
10.6
10.2
9.5
578
624
633
627
645
616
667
709
701
684
707
769
723
542
543
580
634
617
600
578
583
606
542
572
592
651
312
308
304
297
292
306
314
327
339
339
358
332
343
174
169
166
165
161
160
159
155
152
149
146
144
146
9.2
9.8
9.4
8.8
4 2,070.1
552
551
615
614
581
647
630
708
697
720
718
699
717
414
409
443
429
422
422
439
460
520
511
470
481
492
1 Monthly data do not meet publication standards because tests for identifiable and
stable seasonality do not meet reliability standards.
2 Seasonally adjusted.
3 Revised series. Quarterly data entered in last month of quarter.
4 Based on 20,000 permit-issuing places. Based on 19,000 places, the total for 2004 is
2,052.1 thousand units.
124
136
165
176
152
219
175
239
153
193
240
208
217
Note: Beginning 2004, units authorized are for 20,000 permit-issuing places. For other data
shown, units authorized are for 19,000 places.
Data beginning 2010 for housing units authorized, started, and completed and for houses sold
and for sale reflect annual revisions.
Source: Department of Commerce (Bureau of the Census).
19
Sales 2
Inventories 3
Inventory/sales
ratio 4
Wholesale
Sales 2
Inventories 3
Retail
Inventory/sales
ratio 4
2002 r
823,234
1,139,378
1.36
236,294
301,436
1.26
2003 r
854,182
1,147,472
1.34
247,651
308,055
1.23
2004 r
924,912
1,240,555
1.30
276,367
339,431
1.18
2005 r
1,003,802
1,312,940
1.27
301,115
367,505
1.18
r
2006
1,066,154
1,407,372
1.28
325,351
398,586
1.18
r
2007
1,124,417
1,486,675
1.29
347,857
424,806
1.18
2008 r
1,153,856
1,461,254
1.32
369,315
442,249
1.22
2009 r
978,862
1,323,831
1.39
308,268
389,908
1.31
r
2010
1,074,209
1,433,794
1.28
344,361
429,260
1.18
r
2011
1,193,570
1,544,057
1.26
389,778
471,549
1.17
2011:Mar r
1,181,873
1,473,392
1.25
385,965
443,400
1.15
r
Apr
1,184,899
1,485,695
1.25
388,422
447,032
1.15
r
May
1,183,602
1,500,639
1.27
387,051
454,942
1.18
June r
1,190,288
1,504,805
1.26
389,296
456,715
1.17
July r
1,203,574
1,511,352
1.26
390,187
460,271
1.18
r
Aug
1,206,374
1,520,855
1.26
395,149
462,065
1.17
r
Sept
1,210,244
1,518,645
1.25
395,783
459,278
1.16
Oct r
1,218,605
1,531,631
1.26
398,145
465,787
1.17
Nov r
1,220,328
1,537,417
1.26
398,316
466,121
1.17
r
Dec
1,230,951
1,544,057
1.25
404,636
471,549
1.17
2012:Jan r
1,234,843
1,556,397
1.26
404,708
474,580
1.17
Feb r
1,244,716
1,564,986
1.26
408,970
478,923
1.17
p
Mar
1,249,518
1,569,029
1.26
411,092
480,435
1.17
p
Apr
1 See page 21 for manufacturing.
2 Annual data are averages of monthly not seasonally adjusted figures; monthly data are
Sales 2
Inventories 3
260,713
415,018
1.55
271,915
431,201
1.56
289,464
460,364
1.56
307,514
471,514
1.51
322,840
486,218
1.49
333,271
500,034
1.48
328,867
477,444
1.51
302,302
429,287
1.46
320,128
455,295
1.38
346,179
471,683
1.34
341,428
458,877
1.34
343,220
459,373
1.34
342,618
461,685
1.35
344,159
462,447
1.34
345,892
462,206
1.34
346,636
466,991
1.35
350,582
468,199
1.34
353,856
468,273
1.32
355,620
470,650
1.32
355,554
471,683
1.33
357,535
476,837
1.33
361,364
479,395
1.33
363,736
481,404
1.32
364,163
288,256
301,059
320,594
340,552
358,073
370,317
366,876
339,892
358,961
387,304
382,115
383,639
383,447
385,266
386,928
387,838
392,354
395,995
397,868
398,012
400,550
404,692
407,446
408,039
Note: Total manufacturing and trade data reflect annual revisions for manufacturing series (see
page 21).
Source: Department of Commerce (Bureau of the Census).
20
Inventory/sales
ratio 4
Retail
and
food
services
sales 2
Manufacturers shipments 1
Manufacturers inventories 2
Period
Total
Durable
goods
Nondurable
goods
Total
Durable
goods
Nondurable
goods
Total
Total
Capital
goods
industries,
nondefense
Manufacturers
unfilled
orders 2
Manufacturers
inventory/
shipments
ratio 3
326,227
334,616
359,081
395,173
417,963
443,288
455,675
368,292
409,721
457,613
453,257
453,933
456,833
467,495
464,589
463,879
466,604
466,392
470,761
472,600
474,382
474,690
473,221
176,968
178,549
188,722
202,070
213,516
223,919
218,328
171,886
191,576
209,590
204,541
206,082
207,567
217,802
213,170
211,477
215,099
214,251
219,924
220,130
219,081
221,050
222,464
149,259
156,067
170,359
193,103
204,447
219,369
237,347
196,406
218,145
248,023
248,716
247,851
249,266
249,693
251,419
252,402
251,505
252,141
250,837
252,470
255,301
253,640
250,757
422,924
408,216
440,760
473,921
522,568
561,835
541,561
504,636
549,239
600,825
579,290
584,012
585,643
588,875
591,799
591,168
597,571
600,646
600,825
604,980
606,668
607,190
607,242
1 Annual data are averages of monthly not seasonally adjusted figures; monthly data are
seasonally adjusted totals for month. Shipments are the same as sales.
2 Seasonally adjusted, end of period.
3 Annual data are averages of seasonally adjusted monthly ratios.
260,394
246,854
265,005
283,742
317,506
334,621
330,298
296,449
324,525
358,105
341,067
345,619
347,267
350,260
353,297
353,185
355,393
357,659
358,105
360,710
361,622
362,921
364,158
162,530
161,362
175,755
190,179
205,062
227,214
211,263
208,187
224,714
242,720
238,223
238,393
238,376
238,615
238,502
237,983
242,178
242,987
242,720
244,270
245,046
244,269
243,084
318,535
331,202
357,374
397,140
424,154
449,882
453,930
347,271
409,949
458,457
450,343
455,513
454,563
469,642
464,209
465,368
463,563
471,400
481,229
471,576
478,879
468,921
465,975
169,276
175,135
187,015
204,038
219,707
230,513
216,583
150,866
191,804
210,434
201,627
207,662
205,297
219,949
212,790
212,966
212,058
219,259
230,392
219,106
223,578
215,281
215,218
52,002
53,167
57,565
68,151
74,532
80,276
73,615
46,208
63,174
71,504
66,598
70,328
69,875
72,842
73,477
73,056
71,497
75,804
84,115
78,304
79,777
70,030
69,746
478,699
504,274
556,110
653,400
797,129
947,570
996,797
802,460
879,247
969,434
901,244
909,446
913,890
922,570
928,914
937,149
940,858
952,624
969,434
974,867
985,934
986,186
985,393
1.29
1.25
1.19
1.17
1.20
1.22
1.26
1.39
1.28
1.28
1.28
1.29
1.28
1.26
1.27
1.27
1.28
1.29
1.28
1.28
1.28
1.28
1.28
Note: Manufacturers nondurable new orders (not shown) are the same as nondurable shipments.
Also, there are no unfilled nondurable orders; data shown for total unfilled orders are durable
unfilled orders.
Total and durable shipments and inventories include data on semiconductors; new and unfilled
orders do not.
Data reflect benchmark and seasonal adjustment revisions released on May 18, 2012.
Source: Department of Commerce (Bureau of the Census).
21
PRICES
Producer Prices
The producer price index for all finished goods fell by 0.2 percent in April. Prices of finished consumer foods rose
0.2 percent while prices of other finished consumer goods fell 0.5 percent. Capital equipment prices rose 0.2 percent.
Intermediate materials
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 r
2011:Apr
May
June
July
Aug
Sept
Oct
Nov
Dec r
2012:Jan
Feb
Mar
Apr
Total
finished
goods
138.9
143.3
148.5
155.7
160.4
166.6
177.1
172.5
179.8
190.5
190.2
190.3
190.4
191.4
191.8
193.6
193.0
193.2
193.1
193.5
194.2
194.2
193.8
Consumer
foods
140.1
145.9
152.7
155.7
156.7
167.0
178.3
175.5
182.4
193.9
193.1
190.8
192.4
194.4
196.3
197.3
197.4
199.3
197.9
197.3
197.1
197.4
197.8
Consumer goods
Total
138.3
142.4
147.2
155.5
161.0
166.2
176.6
171.1
178.3
188.9
188.6
189.3
189.1
189.9
189.9
191.9
191.1
190.9
191.1
191.7
192.7
192.5
191.9
22
Total
138.8
144.7
150.9
161.9
169.2
175.6
189.1
179.4
190.4
205.5
205.2
206.1
205.5
206.5
206.5
209.3
208.1
207.9
208.0
208.6
210.0
209.6
208.5
Durable
133.0
133.1
135.0
136.6
136.9
138.3
141.2
144.3
144.9
147.4
146.6
146.8
147.5
148.2
148.5
148.9
148.8
148.8
149.0
149.5
149.5
150.2
150.3
Nondurable
139.8
148.4
156.6
172.0
182.6
191.7
210.5
194.1
210.1
231.5
230.9
232.3
230.9
232.0
231.8
235.9
234.2
233.9
233.9
234.6
236.7
235.6
234.0
Capital
equipment
139.1
139.5
141.4
144.6
146.9
149.5
153.8
156.7
157.3
159.7
159.4
159.5
160.1
160.6
160.6
161.0
160.9
160.9
161.3
161.8
162.0
162.3
162.6
Total
finished
consumer
goods
139.4
145.3
151.7
160.4
166.0
173.5
186.3
179.1
189.1
203.3
202.9
203.0
202.9
204.2
204.6
207.1
206.2
206.5
206.2
206.5
207.5
207.2
206.6
Total
127.8
133.7
142.6
154.0
164.0
170.7
188.3
172.5
183.4
199.8
200.0
201.4
201.9
202.8
201.8
203.0
200.9
200.6
200.1
200.1
201.6
203.1
202.1
Foods
and
feeds 1
115.5
125.9
137.1
133.8
135.2
154.4
181.6
166.0
171.7
192.3
192.2
191.4
192.9
194.4
197.2
198.5
196.3
196.2
194.7
194.2
194.0
195.1
195.9
Crude materials
Other
128.5
134.2
143.0
155.1
165.4
171.5
188.7
173.0
184.4
200.4
200.7
202.3
202.7
203.6
202.2
203.4
201.3
201.0
200.6
200.6
202.2
203.8
202.7
Total
108.1
135.3
159.0
182.2
184.8
207.1
251.8
175.2
212.2
249.4
257.5
250.3
251.0
250.5
248.3
252.4
248.0
252.6
251.0
254.2
255.2
248.8
237.9
Foodstuffs
and
feedstuffs
99.5
113.5
127.0
122.7
119.3
146.7
163.4
134.5
152.4
188.4
192.1
185.7
189.1
188.9
195.4
194.1
190.5
192.8
187.2
190.3
191.4
196.7
189.8
Other
111.4
148.2
179.2
223.4
230.6
246.3
313.9
197.5
249.3
284.0
294.8
287.6
285.6
284.9
274.4
283.5
278.8
285.0
287.5
290.5
291.5
275.7
262.3
[198284=100, except as noted; monthly data seasonally adjusted, except as noted by NSA]
All items 1
Housing
Transportation
Shelter
Period
Rel. imp. 4
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb
Mar
Apr
Not
seasonally Seasonally
adjusted adjusted
(NSA)
100.0
179.9
184.0
188.9
195.3
201.6
207.342
215.303
214.537
218.056
224.939
224.906
225.964
225.722
225.922
226.545
226.889
226.421
226.230
225.672
226.665
227.663
229.392
230.085
224.030
224.634
224.837
225.515
226.266
226.870
226.804
227.014
227.033
227.505
228.433
229.098
229.177
Food
14.2
176.2
180.0
186.2
190.7
195.2
202.916
214.106
217.955
219.625
227.842
226.021
226.845
227.391
228.407
229.606
230.624
231.053
231.298
231.778
232.154
232.245
232.617
233.115
Total 1
40.6
180.3
184.8
189.5
195.7
203.2
209.586
216.264
217.057
216.256
219.102
218.234
218.545
218.732
219.174
219.648
220.049
220.378
220.691
221.005
221.246
221.490
221.751
222.035
Total 1
31.3
208.1
213.1
218.8
224.4
232.1
240.611
246.666
249.354
248.396
251.646
250.393
250.669
251.157
251.767
252.295
252.606
253.163
253.645
254.112
254.613
255.034
255.529
255.974
Owners
Rent
equivalent
of
rent
primary
1982
residence (Dec.
=100) 2
6.4
199.7
205.5
211.0
217.3
225.1
234.679
243.271
248.812
249.385
253.638
252.149
252.518
252.853
253.457
254.296
254.914
255.742
256.307
256.894
257.285
257.867
258.303
258.847
23.7
214.7
219.9
224.9
230.2
238.2
246.235
252.426
256.610
256.584
259.570
258.400
258.587
259.010
259.573
260.178
260.459
261.034
261.503
261.982
262.543
262.812
263.317
263.765
Fuels
and
utilities
5.3
143.6
154.5
161.9
179.0
194.7
200.632
220.018
210.696
214.187
220.367
220.608
221.407
220.266
220.394
220.878
222.359
221.794
221.545
221.347
220.362
219.632
219.503
219.319
Apparel
3.6
124.0
120.9
120.4
119.5
119.5
118.998
118.907
120.078
119.503
122.111
119.500
120.722
121.997
123.273
124.337
123.440
123.967
124.618
124.539
125.646
124.534
125.175
125.619
Total 1
Motor
fuel
17.6
152.9
157.6
163.1
173.9
180.9
184.682
195.549
179.252
193.396
212.366
212.778
213.727
213.192
214.378
215.522
217.069
215.058
214.432
212.861
213.465
217.846
219.780
218.624
6.3
116.6
135.8
160.4
195.7
221.0
239.070
279.652
201.978
239.178
302.619
307.546
308.197
303.405
307.881
311.386
317.553
308.873
306.556
300.149
302.700
320.746
326.212
317.592
Medical
care
7.0
285.6
297.1
310.1
323.2
336.2
351.054
364.065
375.613
388.436
400.258
397.846
398.836
399.648
400.532
401.494
402.413
404.043
405.533
406.879
408.096
408.930
410.169
411.475
Energy 3
10.4
121.7
136.5
151.4
177.1
196.9
207.723
236.666
193.126
211.449
243.909
246.611
247.285
244.244
246.376
248.284
251.899
247.363
246.041
242.746
243.121
250.868
253.165
248.826
All
items
less
food
and
energy
75.4
190.5
193.2
196.6
200.9
205.9
210.729
215.572
219.235
221.337
225.008
223.818
224.381
224.914
225.366
225.908
226.085
226.465
226.856
227.188
227.684
227.907
228.432
228.984
23
Period
Consumer goods
Consumer goods
Consumer goods
Total
finished
goods
Foods
Total
finished
goods
Foods
Excluding
foods
0.6
.8
2.4
1.2
2.3
1.4
4.3
.1
.4
2.3
0.3
.1
.4
.3
.0
.2
.1
.0
.2
r .3
.1
.2
.2
9.8
5.2
3.2
2.5
3.2
6.9
3.4
3.0
1.0
1.0
2.1
r 2.3
.6
12.7
6.4
1.2
2.7
12.0
10.6
6.3
6.3
1.2
.2
4.3
1.0
1.0
Capital
equipment
Excluding
foods
Change
from year
earlier,
total
finished
goods
(NSA)
Capital
equipment
Total
finished
goods
Foods
Excluding
foods
1.3
3.2
3.6
4.8
3.0
3.9
6.3
2.6
4.2
6.0
11.9
10.3
4.8
2.6
.8
7.6
3.1
2.7
2.5
1.0
4.1
r 3.1
.2
3.3
2.5
3.1
3.0
2.8
2.3
.7
.7
.7
2.3
2.8
r 2.5
2.0
9.2
8.5
6.6
6.1
4.2
5.0
3.0
3.1
2.9
2.2
2.5
.6
.8
10.9
6.1
6.3
7.6
2.4
4.5
4.5
9.1
5.8
3.0
.8
.1
.4
12.0
11.9
8.4
7.1
5.4
6.2
2.8
1.8
2.4
2.0
3.4
.3
.4
2.3
2.6
3.2
3.2
2.7
2.7
1.9
1.8
1.5
1.5
1.8
1.6
2.1
6.6
7.1
6.9
7.1
6.6
7.0
5.8
5.6
4.7
4.1
3.3
2.8
1.9
Capital
equipment
1.2
4.0
4.2
5.4
1.1
6.2
.9
4.3
3.8
4.7
0.6
7.7
3.1
1.7
1.7
7.6
3.2
1.2
3.4
6.0
2.9
4.1
5.5
8.8
.4
7.7
4.8
7.4
5.4
5.3
0.7
.1
.1
.5
.2
.9
.3
.1
.1
r .2
.4
.0
.2
0.1
1.2
.8
1.0
1.0
.5
.1
1.0
.7
.3
.1
.2
.2
1.0
.4
.3
.5
.0
1.4
.6
.1
.0
r .3
.7
.2
.5
Period
All
items 1
Shelter
Food
Total 1
Total 1
Transportation
Fuels
Rent
Ownand
of
ers
primary equiva- utilities
resilent
dence
rent
Apparel
Total 1
New
cars
Motor
fuel
Medical
care
Energy 2
All
items
less
food
and
energy
From
previous
quarter 3
From
From
3
6
months months
earlier earlier
From
year
earlier
(NSA)
2.4
1.9
3.3
3.4
2.5
4.1
.1
2.7
1.5
3.0
1.5
3.6
2.7
2.3
2.1
4.9
5.9
.5
1.5
4.7
2.4
2.2
3.0
4.0
3.3
3.0
2.4
.3
.3
1.9
3.1
2.2
2.7
2.6
4.2
3.1
1.9
.3
.4
1.9
3.1
2.7
2.9
3.1
4.3
4.0
3.4
.7
.8
2.5
3.3
2.0
2.3
2.5
4.3
2.8
2.1
.7
.3
1.8
1.4
6.5
7.9
15.6
.5
5.4
6.0
3.0
1.8
2.4
1.8
2.1
.2
1.1
.9
.3
1.0
1.9
1.1
4.6
3.8
.3
6.5
4.8
1.6
8.3
13.3
14.4
5.3
5.2
2.0
2.1
.5
.8
.2
.4
1.1
3.6
1.1
4.0
24.6
6.8
26.1
16.2
6.4
29.5
42.2
50.7
13.9
10.3
5.0
3.7
4.2
4.3
3.6
5.2
2.6
3.4
3.3
3.5
10.7
6.9
16.6
17.1
2.9
17.4
21.3
18.2
7.7
6.6
1.9
1.1
2.2
2.2
2.6
2.4
1.8
1.8
.8
2.2
1.6
2.3
2.7
3.4
3.2
2.8
3.8
.4
1.6
3.2
1.3
.4
.3
.6
.5
.7
.9
.3
.7
.3
2.1
.9
.5
0.9
1.2
.9
.1
.1
.2
.7
.2
.1
.2
.5
.2
.5
2.7
.2
1.6
1.5
1.1
2.0
2.7
.8
2.1
.8
6.0
1.7
2.6
0.4
.2
.2
.2
.2
.2
.4
.4
.3
.3
.2
.3
.3
1.8
.3
1.2
.9
.8
1.5
1.8
.5
1.3
.2
3.2
.9
1.7
0.2
.3
.2
.2
.2
.1
.2
.2
.1
.2
.1
.2
.2
4.4
3.1
1.3
2.5
5.5
4.8
3.0
2.7
2.9
3.7
2.3
1.3
.3
1.2
2.5
3.7
3.0
4.6
4.8
4.1
4.1
3.9
3.3
2.5
2.1
2.0
1.8
1.9
2.0
2.1
3.2
3.6
3.6
3.6
3.8
3.9
3.5
3.4
3.0
2.9
2.9
2.7
2.3
0.4
.3
.1
.3
.3
.3
.0
.1
.0
.2
.4
.3
.0
0.4
.4
.2
.4
.5
.4
.2
.1
.2
.2
.0
.2
.2
0.1
.1
.1
.2
.2
.2
.1
.1
.1
.1
.1
.1
.1
0.1
.1
.2
.2
.2
.1
.2
.2
.2
.2
.2
.2
.2
0.1
.1
.1
.2
.3
.2
.3
.2
.2
.2
.2
.2
.2
0.1
.1
.2
.2
.2
.1
.2
.2
.2
.2
.1
.2
.2
24
0.5
.4
.5
.1
.2
.7
.3
.1
.1
.4
.3
.1
.1
0.2
1.0
1.1
1.0
.9
.7
.4
.5
.1
.9
.9
.5
.4
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan r
Feb r
Mar r
Apr r
May p
All
farm
products
105
110
115
110
120
142
169
150
153
202
203
209
207
209
203
203
206
198
212
205
210
207
204
All
commodities,
services, interest,
taxes, and wage
rates 1
Livestock
and
products
Crops
98
106
118
114
115
136
149
131
141
178
175
180
181
183
179
184
184
179
188
181
184
178
176
90
103
122
119
111
130
130
112
130
152
152
153
155
158
152
154
157
157
156
158
160
152
151
Production
items, interest,
taxes, and wage
rates
124
128
134
142
150
161
183
178
183
203
204
203
204
205
205
205
206
206
210
211
213
213
212
121
125
133
141
150
162
188
181
187
209
210
210
211
211
212
212
213
213
217
218
221
220
220
Ratio 2
Production
items
119
124
132
140
148
160
190
182
188
215
216
215
216
217
218
217
219
218
222
223
226
226
225
79
84
88
81
77
85
82
74
77
88
86
89
89
89
87
90
89
87
90
86
86
84
83
Note: The official indexes are published on a 191014 base as required by law. The indexes
have been converted to a 199092=100 base to facilitate comparison with other indexes.
Source: Department of Agriculture.
25
[Averages of daily figures, except debt end-of-period basis; billions of dollars, seasonally adjusted]
M1
Period
2002:Dec
2003:Dec
2004:Dec
2005:Dec
2006:Dec
2007:Dec
2008:Dec
2009:Dec
2010:Dec
2011:Dec
2011:Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan r
Feb
Mar r
Apr
M2
Sum of currency,
demand deposits,
travelers checks,
and other
checkable
deposits (OCDs)
1,220.6
1,306.9
1,376.6
1,374.8
1,367.1
1,375.2
1,606.7
1,697.7
1,840.2
2,168.7
1,903.7
1,931.5
1,945.1
2,004.5
2,106.2
2,122.6
2,137.7
2,155.0
2,168.7
2,222.9
2,215.0
2,220.6
2,248.0
Debt
M1 plus retail
MMMF balances,
savings deposits
(including MMDAs),
and small time deposits
5,737.9
6,034.6
6,385.6
6,647.5
7,032.6
7,438.8
8,169.0
8,471.2
8,765.3
9,616.6
8,967.6
9,017.6
9,094.0
9,267.1
9,457.0
9,476.8
9,523.9
9,571.6
9,616.6
9,744.3
9,769.1
9,798.6
9,842.3
1 Quarterly data; shown in last month of quarter. End-of-year data are for fourth quarter.
Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors; data from flow of funds accounts.
2 Annual changes are from December to December and monthly changes are from 6 months
earlier at a simple annual rate.
3 Annual changes are from fourth quarter to fourth quarter. Quarterly changes are from
previous quarter at an annual rate.
26
Debt of
domestic
nonfinancial
sectors 1
20,716.1
22,443.8
25,264.5
27,589.2
29,985.0
32,531.0
34,468.0
35,435.9
36,938.1
38,314.6
37,436.2
37,845.2
38,314.6
Percent change
From year or
6 months
earlier 2
M1
From
previous
period 3
M2
3.2
7.1
5.3
.1
.6
.6
16.8
5.7
8.4
17.9
14.3
12.0
11.4
14.6
24.2
24.5
24.6
23.1
23.0
21.8
10.3
9.2
10.3
Debt
6.3
5.2
5.8
4.1
5.8
5.8
9.8
3.7
3.5
9.7
6.3
6.7
7.5
9.9
13.2
12.5
12.4
12.3
11.5
10.3
6.6
6.8
6.7
7.4
8.1
9.2
9.2
8.7
8.5
6.0
3.1
4.1
3.7
3.0
4.4
4.9
Note: The Federal Reserve no longer publishes the M3 monetary aggregate and most of its
components. Institutional money market mutual funds continue to be published as a memorandum
item in the H.6 release, and the component on large-denomination time deposits is published in
other Federal Reserve Board releases. For details, see H.6 release of March 23, 2006.
See p. 27 for components.
Source: Board of Governors of the Federal Reserve System.
Period
2002:Dec
2003:Dec
2004:Dec
2005:Dec
2006:Dec
2007:Dec
2008:Dec
2009:Dec
2010:Dec
2011:Dec r
2011:Apr
May
June
July
Aug
Sept
Oct
Nov
Dec r
2012:Jan r
Feb r
Mar r
Apr
Nonbank
travelers
checks
Currency
626.3
662.5
697.6
724.0
749.5
760.0
816.1
863.3
917.9
999.8
947.6
956.2
963.0
969.1
975.8
981.7
986.1
993.1
999.8
1,009.2
1,019.4
1,028.7
1,034.5
Other checkable
deposits (OCDs)
Demand
deposits
7.8
7.7
7.6
7.2
6.7
6.3
5.5
5.1
4.7
4.3
4.6
4.6
4.5
4.5
4.4
4.4
4.4
4.3
4.3
4.2
4.2
4.1
4.1
At
commercial
banks
Total
307.1
326.6
343.6
325.1
306.0
303.8
474.9
447.4
519.4
754.8
552.4
567.5
575.7
627.3
713.7
727.3
737.7
747.3
754.8
791.3
767.6
763.4
783.3
279.4
310.1
327.8
318.5
304.8
305.1
310.3
381.8
398.1
409.8
399.1
403.3
401.8
403.6
412.3
409.3
409.6
410.3
409.8
418.1
423.9
424.3
426.1
Savings
deposits 1
At
thrift
institutions
154.3
175.2
186.9
180.6
176.3
172.0
177.3
232.1
236.7
235.1
231.2
235.5
235.7
236.2
239.7
237.4
235.7
235.5
235.1
239.2
240.8
240.9
242.0
125.1
134.8
140.9
137.9
128.5
133.0
133.0
149.8
161.4
174.7
167.9
167.8
166.0
167.4
172.6
171.9
173.8
174.8
174.7
178.9
183.1
183.5
184.1
Total
2,771.8
3,160.9
3,506.7
3,601.0
3,688.8
3,861.6
4,086.2
4,813.1
5,324.7
6,021.7
5,533.8
5,571.1
5,647.2
5,777.0
5,868.8
5,892.8
5,934.9
5,982.0
6,021.7
6,107.9
6,166.1
6,211.5
6,242.3
At
commercial
banks
2,058.5
2,336.5
2,631.1
2,772.7
2,906.6
3,035.7
3,318.2
3,977.6
4,409.4
5,024.0
4,573.7
4,597.9
4,674.5
4,799.9
4,889.3
4,913.6
4,948.4
4,988.1
5,024.0
5,105.1
5,180.3
5,216.5
5,241.9
Small-denomination
time deposits 2
At
thrift
institutions
713.3
824.4
875.6
828.3
782.3
825.9
768.0
835.5
915.3
997.8
960.1
973.2
972.7
977.1
979.5
979.2
986.5
993.9
997.8
1,002.8
985.8
995.0
1,000.3
Total
At
commercial
banks
894.6
817.9
828.1
993.3
1,205.7
1,275.8
1,457.4
1,182.6
927.6
765.1
872.0
858.3
843.4
828.2
811.7
796.8
783.7
771.9
765.1
756.5
745.0
730.5
717.5
At
thrift
institutions
591.2
541.8
551.7
646.5
780.4
858.7
1,078.2
862.7
656.6
536.4
614.7
604.0
592.7
581.3
569.1
558.0
548.9
540.8
536.4
533.3
531.1
521.5
511.2
303.4
276.1
276.4
346.9
425.2
417.1
379.3
319.9
271.0
228.8
257.2
254.3
250.7
246.9
242.6
238.8
234.8
231.1
228.8
223.2
213.9
209.0
206.3
Retail
money
funds
851.0
748.9
674.3
678.3
771.0
926.1
1,018.6
777.8
672.8
661.0
658.2
656.8
658.4
657.4
670.3
664.5
667.6
662.7
661.0
657.1
642.9
636.0
634.5
Institutional
money
funds 3
1,315.7
1,164.5
1,108.4
1,178.8
1,394.7
1,963.7
2,461.0
2,256.1
1,895.5
1,764.7
1,873.0
1,893.3
1,867.8
1,835.1
1,746.5
1,771.2
1,766.0
1,756.4
1,764.7
1,762.1
1,746.0
1,751.5
1,737.2
Period
Total 2
2002:Dec
2003:Dec
2004:Dec
2005:Dec
2006:Dec
2007:Dec
2008:Dec
2009:Dec
2010:Dec
2011:Dec
2011:April
May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb r
Mar r
Apr r
40,287
42,565
46,462
45,002
43,132
43,156
820,217
1,138,685
1,077,351
1,597,183
1,526,480
1,587,576
1,666,349
1,696,473
1,666,949
1,642,710
1,638,605
1,591,978
1,597,183
1,614,015
1,658,308
1,607,992
1,584,748
Nonborrowed 3
40,207
42,519
46,400
44,833
42,941
27,726
166,651
968,758
1,031,863
1,587,657
1,508,637
1,572,431
1,653,106
1,684,077
1,655,115
1,631,135
1,627,395
1,581,637
1,587,657
1,605,401
1,650,375
1,600,663
1,577,883
Required
38,279
41,519
44,555
43,102
41,270
41,372
52,899
63,486
70,716
94,866
74,514
75,072
77,615
78,344
83,585
91,718
93,287
94,060
94,866
94,458
98,083
98,290
98,447
Excess
(NSA)
2,008
1,046
1,908
1,900
1,862
1,784
767,318
1,075,199
1,006,636
1,502,318
1,451,966
1,512,505
1,588,734
1,618,129
1,583,364
1,550,992
1,545,318
1,497,919
1,502,318
1,519,557
1,560,226
1,509,703
1,486,301
Monetary
base
681,540
720,182
759,106
787,340
812,342
824,754
1,654,873
2,018,795
2,010,240
2,610,831
2,489,298
2,559,321
2,644,620
2,680,642
2,657,378
2,638,581
2,639,138
2,598,948
2,610,831
2,637,184
2,691,733
2,650,397
2,633,356
1 Data are prorated averages of biweekly (maintenance period) averages of daily figures.
Reserves and monetary base incorporate adjustments for discontinuities, or breaks, associated
with changes in reserve requirements.
2 Seasonally adjusted break-adjusted required reserves plus unadjusted excess reserves.
3 Seasonally adjusted break-adjusted total reserves less unadjusted total borrowings from the
Federal Reserve.
4 Includes primary dealer and other broker-dealer credit, asset-backed commercial paper money
market mutual fund liquidity facility, other credit extensions, adjustment credit, and extended
credit, not shown separately.
Total 4
80
46
63
169
191
15,430
653,565
169,927
45,488
9,526
17,842
15,146
13,243
12,395
11,834
11,575
11,210
10,341
9,526
8,614
7,933
7,330
6,865
Term
auction
credit
Primary
Secondary
Seasonal
17
0
11
0
97
0
111
0
11,613
3,787
1
438,327
88,245
52
82,014
19,025
518
0
41
3
0
103
0
0
14
0
0
10
1
0
24
0
0
7
0
0
5
0
0
19
0
0
19
0
0
20
0
0
103
0
0
27
0
0
13
0
0
12
0
0
21
0
45
29
52
72
80
30
3
37
26
23
8
20
42
73
92
81
50
20
23
7
1
4
9
Credit
extended
to
American
International
Group,
Inc., net 5
Term
assetbacked
securities
loan
facility 6
47,206
22,023
20,394
46,310
25,025
9,400
17,820
15,115
13,178
12,315
11,737
11,474
11,140
10,301
9,400
8,580
7,920
7,314
6,834
5 As a result of the closing of the American International Group, Inc. (AIG) recapitalization plan
on January 14, 2011, the credit extended to AIG was fully repaid and the Federal Reserves commitment to lend any further funds was terminated.
6 Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers
through the Term Asset-Backed Securities Loan Facility.
27
Period
2002:Dec
2003:Dec
2004:Dec
2005:Dec
2006:Dec
2007:Dec
2008:Dec
2009:Dec
2010:Dec
2011:Dec
2011:Apr
May
June
July
Aug
Sept
Oct
Nov
Dec r
2012:Jan r
Feb r
Mar r
Apr
Total
bank
credit
5,640.9
6,000.8
6,583.8
7,302.8
8,087.9
8,892.8
9,373.2
9,007.6
9,206.2
9,428.3
9,178.0
9,176.2
9,178.6
9,221.6
9,263.1
9,274.4
9,334.4
9,399.0
9,428.3
9,491.4
9,589.1
9,610.5
9,656.0
Total
securities
1,490.2
1,622.3
1,741.5
1,853.2
1,984.2
2,102.9
2,107.0
2,337.3
2,440.1
2,511.7
2,462.9
2,451.8
2,444.2
2,447.1
2,457.9
2,463.2
2,472.9
2,489.1
2,511.7
2,545.0
2,587.8
2,598.7
2,620.5
U.S.
Treasury
and
agency
securities
1,004.0
1,088.5
1,145.4
1,135.3
1,187.4
1,109.1
1,241.0
1,447.4
1,637.7
1,700.0
1,680.5
1,678.1
1,664.3
1,657.0
1,661.8
1,665.9
1,677.5
1,688.2
1,700.0
1,724.0
1,756.0
1,778.9
1,804.3
Other
securities
486.3
533.8
596.1
718.0
796.7
993.7
866.0
889.9
802.4
811.6
782.4
773.8
779.9
790.1
796.1
797.3
795.5
800.8
811.6
821.1
831.8
819.7
816.2
Total
loans
and
leases 3
4,150.7
4,378.5
4,842.3
5,449.6
6,103.8
6,789.9
7,266.2
6,670.3
6,766.1
6,916.7
6,715.1
6,724.4
6,734.5
6,774.5
6,805.2
6,811.1
6,861.4
6,909.9
6,916.7
6,946.4
7,001.3
7,011.8
7,035.5
1 Data are prorated averages of Wednesday values for domestically chartered commercial banks,
branches and agencies of foreign banks, and Edge Act and agreement corporations.
2 Includes securities held in trading accounts, held-to-maturity, and available-for-sale. Excludes
all non-security trading assets, such as derivatives with a positive fair value or loans held in trading
accounts.
3 Excludes unearned income. Includes the allowance for loan and lease losses. Excludes Federal
funds sold to, reverse repurchase agreements (RPs) with, and loans to commercial banks in the
United States. Includes all loans held in trading accounts under a fair value option.
28
Commercial
and
industrial
loans
962.4
889.6
913.4
1,043.8
1,191.8
1,431.3
1,579.8
1,283.4
1,214.6
1,343.9
1,243.9
1,257.6
1,265.5
1,277.0
1,298.0
1,302.9
1,319.1
1,329.4
1,343.9
1,361.1
1,383.3
1,393.8
1,412.1
Total 4
2,009.8
2,207.3
2,552.8
2,922.8
3,364.8
3,590.7
3,815.0
3,773.7
3,608.4
3,484.4
3,516.6
3,504.1
3,497.1
3,490.1
3,485.2
3,481.4
3,486.2
3,490.9
3,484.4
3,502.9
3,534.6
3,537.9
3,534.3
Revolving
home
equity
loans
Commercial
loans
212.7
278.7
395.3
1,081.8
443.3
1,272.1
468.1
1,459.8
484.7
1,583.7
589.0
1,727.0
602.8
1,641.2
581.5
1,498.7
548.2
1,416.5
568.9
1,460.6
566.2
1,455.5
563.8
1,449.0
560.2
1,440.4
557.9
1,431.3
555.8
1,426.4
552.5
1,418.4
550.4
1,418.8
548.2
1,416.5
548.5
1,415.6
550.2
1,426.1
545.9
1,423.8
543.6
1,422.0
Consumer
loans 5
610.5
665.0
691.1
702.8
736.8
798.4
875.5
836.0
1,118.1
1,096.9
1,080.0
1,079.9
1,085.6
1,090.4
1,088.1
1,085.9
1,088.9
1,091.5
1,096.9
1,091.2
1,091.0
1,094.7
1,099.9
Other
loans
and
leases 6
568.0
616.6
684.9
780.2
810.4
969.5
995.9
777.2
825.1
991.4
874.6
882.8
886.3
917.0
933.9
941.0
967.2
998.1
991.4
991.2
992.3
985.3
989.3
Uses
Total
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 p
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV p
Internal 1
912.5
856.2
1,561.3
2,060.9
1,933.0
2,347.8
1,443.4
893.4
1,913.1
2,060.1
351.8
913.6
1,046.8
1,261.4
1,851.7
1,685.2
2,157.6
1,957.7
2,167.3
2,110.7
1,816.0
2,146.2
824.2
842.7
947.2
1,095.4
1,093.7
1,066.8
1,104.4
1,148.1
1,368.3
1,487.5
1,146.8
1,124.9
1,115.7
1,205.0
1,304.9
1,383.9
1,406.1
1,378.2
1,420.8
1,498.9
1,504.8
1,525.4
Total
net
funds
raised
Total
88.3
13.5
614.1
965.5
839.3
1,281.0
339.0
254.7
544.8
572.6
795.0
211.3
68.9
56.4
546.8
301.3
751.5
579.5
746.5
611.8
311.2
620.8
35.4
37.0
96.8
19.7
40.6
37.0
4.8
196.9
6.9
45.0
14.8
13.2
216.8
542.9
161.3
89.3
26.0
70.4
138.9
12.1
253.3
53.4
Net
new
equity
issues
16.2
39.6
122.7
341.8
565.7
786.8
336.0
64.6
278.0
489.9
133.1
126.4
65.7
317.3
200.2
214.3
336.5
360.9
325.6
512.5
606.6
514.8
Securities
and
mortgages
Loans
and
short-term
paper
183.6
205.2
153.7
292.5
358.3
436.1
227.1
294.8
382.5
324.8
604.3
346.9
143.8
84.8
439.5
169.2
457.2
463.9
349.3
347.4
239.0
363.5
132.0
128.6
65.8
69.1
166.8
387.7
113.7
427.3
97.6
120.2
486.0
486.6
426.2
310.3
78.1
44.3
94.6
173.6
115.3
153.0
114.4
97.9
51.6
76.6
219.4
361.5
525.0
823.8
340.8
132.3
284.8
444.9
118.3
139.6
282.5
225.5
361.5
125.0
362.5
290.4
464.5
500.4
353.3
461.3
1 Profits before tax (book) less taxes on corporate income, less net dividends, plus capital consumption allowance (consumption of fixed capital plus capital consumption adjustment), foreign
earnings retained abroad, inventory valuation adjustment, and net capital transfers.
2 Includes trade payables, taxes payable, and miscellaneous liabilities (foreign direct investment in the U.S., pension fund contributions payable, and other).
Total
Other 2
53.0
23.4
517.4
945.8
879.9
1,244.1
334.1
57.9
538.0
617.5
780.3
198.0
147.8
599.3
385.5
390.6
725.5
650.0
607.5
623.9
564.5
674.2
Capital
expenditures 3
901.8
864.6
1,636.9
1,903.0
1,803.4
2,221.8
508.4
1,069.5
1,820.7
2,019.1
706.0
953.1
1,174.9
1,444.1
1,744.6
1,708.6
2,059.8
1,769.8
2,064.8
2,028.2
1,806.4
2,177.0
760.6
777.0
856.8
957.3
1,102.5
1,146.9
1,112.4
760.8
987.4
1,077.4
821.7
715.9
696.7
808.8
907.4
988.4
1,042.5
1,011.3
1,042.6
1,064.7
1,048.4
1,154.1
Increase
in
financial
assets
141.2
87.6
780.1
945.7
700.9
1,074.9
604.0
308.7
833.3
941.7
115.7
237.2
478.2
635.3
837.2
720.2
1,017.3
758.5
1,022.2
963.5
758.0
1,022.9
Discrepancy
(sources
less
uses)
10.8
8.4
75.5
158.0
129.7
126.0
934.9
176.1
92.4
40.9
354.2
39.4
128.1
182.6
107.1
23.5
97.9
188.0
102.5
82.4
9.6
30.8
3 Nonresidential fixed investment plus residential fixed investment, inventory change with inventory valuation adjustment, and nonproduced nonfinancial assets.
Consumer Credit
[Billions of dollars; seasonally adjusted]
Net change in consumer credit outstanding 1
Nonrevolving 2
Revolving
1,972.1
2,077.4
2,192.2
2,290.9
2,384.9
2,522.5
2,561.8
2,450.1
2,408.3
2,494.2
2,421.5
2,425.2
2,431.2
2,443.3
2,454.3
2,443.8
2,451.7
2,458.0
2,478.0
2,494.2
2,511.7
2,521.0
2,542.3
750.9
768.3
799.6
829.5
871.0
941.9
957.5
865.5
800.2
803.8
792.8
790.3
793.3
795.9
793.2
791.6
792.0
793.6
800.1
803.8
800.8
798.5
803.6
1 Change based on data in billions of dollars as shown here. For year-end data, change from
preceding year-end; for monthly data, change from preceding month.
2 Includes automobile loans and all other loans not included in revolving credit, such as
loans for mobile homes, education, boats, trailers, or vacations. These loans may be secured or
unsecured.
1,221.2
1,309.1
1,392.7
1,461.4
1,513.9
1,580.7
1,604.3
1,584.6
1,608.1
1,690.5
1,628.6
1,634.9
1,637.8
1,647.4
1,661.1
1,652.2
1,659.7
1,664.4
1,677.9
1,690.5
1,710.9
1,722.5
1,738.7
Total
Nonrevolving 2
Revolving
104.2
105.3
114.8
98.7
94.0
137.6
39.3
111.7
41.8
85.9
4.4
3.7
6.0
12.1
11.0
10.5
7.9
6.3
20.0
16.2
17.5
9.3
21.3
36.1
17.4
31.3
29.9
41.5
70.9
15.6
92.0
65.3
3.6
.0
2.5
3.0
2.6
2.7
1.6
.4
1.6
6.5
3.7
3.0
2.3
5.1
68.2
87.9
83.6
68.7
52.5
66.8
23.6
19.7
23.5
82.4
4.3
6.3
2.9
9.6
13.7
8.9
7.5
4.7
13.5
12.6
20.4
11.6
16.2
Note: Data include student loans extended by the Federal Government and by SLM Holding
Corporation.
Source: Board of Governors of the Federal Reserve System.
29
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb
Mar
Apr
May
Week ended:
2012: May5
12
19
26
June2
3-month
bills
(at auction) 1
Constant maturities 2
3-year
10-year
30-year
High-grade
municipal
bonds
(Standard
&
Poors) 3
Discount window
(N.Y. F.R. Bank) 4, 5
Primary
credit
1.62
1.01
1.38
3.16
4.73
4.41
1.48
.16
.14
.06
.04
.04
.03
.05
.02
.02
.01
.02
.02
.08
.09
.08
.09
3.10
2.10
2.78
3.93
4.77
4.35
2.24
1.43
1.11
.75
.94
.71
.68
.38
.35
.47
.39
.39
.36
.38
.51
.43
.39
4.61
4.01
4.27
4.29
4.80
4.63
3.66
3.26
3.22
2.78
3.17
3.00
3.00
2.30
1.98
2.15
2.01
1.98
1.97
1.97
2.17
2.05
1.80
5.43
*
*
*
4.91
4.84
4.28
4.08
4.25
3.91
4.29
4.23
4.27
3.65
3.18
3.13
3.02
2.98
3.03
3.11
3.28
3.18
2.93
5.05
4.73
4.63
4.29
4.42
4.42
4.80
4.64
4.16
4.29
4.34
4.22
4.24
3.92
3.79
3.94
3.95
3.76
3.43
3.25
3.51
3.47
3.21
6.49
5.67
2.12
5.63
2.34
5.24
4.19
5.59
5.96
5.56
5.86
5.63
2.39
5.31
.50
4.94
.72
4.64
.75
4.96
.75
4.99
.75
4.93
.75
4.37
.75
4.09
.75
3.98
.75
3.87
.75
3.93
.75
3.85
.75
3.85
.75
3.99
.75
3.96
.75
3.80
.75
.10
.09
.10
.09
.09
.39
.36
.39
.41
.37
1.95
1.88
1.74
1.76
1.61
3.12
3.04
2.87
2.84
2.69
3.32
3.16
3.19
3.21
3.18
3.95
3.87
3.72
3.76
3.65
1 High bill rate at auction, issue date within period, bank-discount basis. Data are stop yields
from uniform-price auctions.
2 Yields on actively traded issues adjusted to constant maturities.
3 Weekly data are Wednesday figures.
4 Discount window borrowing for primary credit and discount rate (adjustment credit). The
rate for primary credit replaced the rate for adjustment credit.
5 Average effective rate for year; rate in effect at end of month or week.
30
Corporate
Aaa
bonds
(Moodys)
.75
.75
.75
.75
.75
Prime
rate
charged
by
banks 5
Discount
rate
1.17
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
4.67
4.12
4.34
6.19
7.96
8.05
5.09
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
*
*
*
*
*
3.25
3.25
3.25
3.25
3.25
New-home
mortgage
yields
(FHFA) 7
Federal
funds
rate 6
1.67
6.43
1.13
5.80
1.35
5.77
3.22
5.94
4.97
6.63
5.02
6.41
1.92
6.05
.16
5.14
.18
4.80
.10
4.56
.09
4.86
.09
4.61
.07
4.55
.10
4.29
.08
4.36
.07
4.19
.08
4.26
.07
4.18
.08
4.15
.10
4.01
.13
3.72
.14
3.93
.16
.14
.16
.15
.16
.15
as well as contract rate and assumed, on the average, repayment at end of 10 years.
* Discount rate (adjustment credit) series was discontinued after January 8, 2003. Series for
30-year constant maturity was discontinued on February 18, 2002, and reintroduced on February
9, 2006.
Sources: Department of the Treasury, Board of Governors of the Federal Reserve System,
Federal Housing Finance Agency, Moodys Investors Service, and Standard & Poors.
Period
Composite
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb
Mar
Apr
May
Week ended:
2012: May5
12
19
26
June2
Financial
Energy
Health
Care
Dow
Jones
industrial
average 4
Standard
& Poors
composite
index
(194143=10) 5
Nasdaq
composite
index
(Feb. 5,
1971=100) 6
Dividend/price
ratio
Earnings/price
ratio
5,578.89
5,547.46
5,583.00
5,273.90
5,288.67
6,612.62
6,822.18
6,952.36
5,924.80
7,349.00
7,383.70
9,377.84
6,283.96
8,357.99
8,654.40
11,206.94
6,685.06
9,648.82
9,321.39
13,339.99
7,191.79
8,036.88
6,278.38
13,258.42
6,171.19
6,091.02
3,987.04
10,020.30
5,456.63
7,230.43
4,744.05
10,943.85
6,230.62
7,871.41
4,641.01
12,880.35
6,847.80
8,414.33
5,067.79
13,534.36
7,345.34
8,108.71
4,814.06
13,118.75
7,214.22
8,286.83
4,846.73
13,678.27
7,290.81
7,342.37
4,215.95
11,964.10
6,587.04
7,099.58
3,958.64
11,370.24
6,578.35
7,255.05
4,048.81
11,760.87
6,666.64
7,348.85
3,991.61
12,243.52
6,696.20
7,401.26
4,023.34
12,258.25
6,880.58
7,737.68
4,295.28
12,782.96
7,122.69
8,071.44
4,593.42
13,318.47
7,208.35
8,166.75
4,740.40
13,196.85
7,305.09
8,043.14
4,664.43
12,499.31
7,363.86
7,713.74
4,393.13
11,789.32
7,200.82
9,226.43
8,993.59
10,317.39
10,547.67
11,408.67
13,169.98
11,252.62
8,876.15
10,662.80
11,966.36
12,579.99
12,097.31
12,512.33
11,326.62
11,175.45
11,515.93
11,804.33
12,075.68
12,550.89
12,889.05
13,079.47
13,030.75
12,721.08
993.94
965.23
1,130.65
1,207.23
1,310.46
1,477.19
1,220.04
948.05
1,139.97
1,268.89
1,338.31
1,287.29
1,325.18
1,185.31
1,173.88
1,207.22
1,226.41
1,243.32
1,300.58
1,352.49
1,389.24
1,386.43
1,341.27
1,539.73
1,647.17
1,986.53
2,099.32
2,263.41
2,578.47
2,161.65
1,845.38
2,349.89
2,680.42
2,815.08
2,687.76
2,810.58
2,504.62
2,524.14
2,594.78
2,606.29
2,601.67
2,743.80
2,928.98
3,035.92
3,035.10
2,900.41
1.61
1.77
1.72
1.83
1.87
1.86
2.37
2.40
1.98
2.05
1.95
2.04
1.99
2.20
2.25
2.28
2.22
2.24
2.17
2.11
2.09
2.20
2.31
2.92
3.84
4.89
5.36
5.78
5.29
3.54
1.86
6.04
6.77
6.35
7.69
6.91
p 6.28
8,078.13
7,864.99
7,568.45
7,541.63
7,460.66
13,201.28
12,890.26
12,547.55
12,497.60
12,378.14
1,393.34
1,359.85
1,318.78
1,318.00
1,308.53
3,027.46
2,941.24
2,852.57
2,842.66
2,820.79
2.20
2.28
2.34
2.37
2.35
4,654.84
4,537.59
4,293.96
4,244.05
4,189.50
12,594.36
12,036.52
11,469.94
11,502.84
11,263.87
7,394.94
7,281.94
7,138.18
7,104.87
7,041.63
odology, definitions, and based on Dec. 31, 2002=5,000. Effective January 8, 2004 new indexes
for Financial, Energy, and Health Care were introduced by the NYSE. Previous indexes shown for
Industrial, Transportation, Utility, and Finance were discontinued.
4 Includes 30 stocks.
Sources: New York Stock Exchange, Dow Jones & Company, Inc., Standard & Poors, and Nasdaq
Stock Market.
31
FEDERAL FINANCE
Federal Receipts, Outlays, and Debt
In the first seven months of fiscal 2012, the deficit was $719.9 billion, compared with a deficit of $869.8 billion a
year earlier.
[Billions of dollars]
Total
Fiscal year or period
Receipts
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012 (estimates)
2013 (estimates)
Cumulative total, first 7 months:1
Fiscal year 2011
Fiscal year 2012
Outlays
On-budget
Surplus
or
deficit
()
Receipts
Outlays
Federal debt
(end of period)
Off-budget
Surplus
or
deficit
()
Receipts
Outlays
Surplus
or
deficit
()
Gross
Federal
1,258.6
1,351.8
1,453.1
1,579.2
1,721.7
1,827.5
2,025.2
1,991.1
1,853.1
1,782.3
1,880.1
2,153.6
2,406.9
2,568.0
2,524.0
2,105.0
2,162.7
2,303.5
2,468.6
2,902.0
1,461.8
1,515.7
1,560.5
1,601.1
1,652.5
1,701.8
1,789.0
1,862.8
2,010.9
2,159.9
2,292.8
2,472.0
2,655.1
2,728.7
2,982.5
3,517.7
3,456.2
3,603.1
3,795.5
3,803.4
203.2
164.0
107.4
21.9
69.3
125.6
236.2
128.2
157.8
377.6
412.7
318.3
248.2
160.7
458.6
1,412.7
1,293.5
1,299.6
1,326.9
901.4
923.5
1,000.7
1,085.6
1,187.2
1,305.9
1,383.0
1,544.6
1,483.6
1,337.8
1,258.5
1,345.4
1,576.1
1,798.5
1,932.9
1,865.9
1,451.0
1,531.0
1,737.7
1,896.5
2,224.5
1,182.4
1,227.1
1,259.6
1,290.5
1,335.9
1,381.1
1,458.2
1,516.0
1,655.2
1,796.9
1,913.3
2,069.7
2,233.0
2,275.0
2,507.8
3,000.7
2,901.5
3,104.5
3,290.4
3,169.3
258.8
226.4
174.0
103.2
29.9
1.9
86.4
32.4
317.4
538.4
568.0
493.6
434.5
342.2
641.8
1,549.7
1,370.5
1,366.8
1,393.9
944.7
335.0
351.1
367.5
392.0
415.8
444.5
480.6
507.5
515.3
523.8
534.7
577.5
608.4
635.1
658.0
654.0
631.7
565.8
572.1
677.4
279.4
288.7
300.9
310.6
316.6
320.8
330.8
346.8
355.7
363.0
379.5
402.2
422.1
453.6
474.8
517.0
554.7
498.6
505.2
634.1
55.7
62.4
66.6
81.4
99.2
123.7
149.8
160.7
159.7
160.8
155.2
175.3
186.3
181.5
183.3
137.0
77.0
67.2
67.0
43.3
4,643.3
4,920.6
5,181.5
5,369.2
5,478.2
5,605.5
5,628.7
5,769.9
6,198.4
6,760.0
7,354.7
7,905.3
8,451.4
8,950.7
9,986.1
11,875.9
13,528.8
14,764.2
16,350.9
17,547.9
3,433.1
3,604.4
3,734.1
3,772.3
3,721.1
3,632.4
3,409.8
3,319.6
3,540.4
3,913.4
4,295.5
4,592.2
4,829.0
5,035.1
5,803.1
7,544.7
9,018.9
10,128.2
11,578.1
12,636.7
1,309.4
1,383.2
2,179.2
2,103.1
869.8
719.9
970.8
1,050.3
1,875.6
1,811.5
904.8
761.2
338.6
332.9
303.6
291.6
35.0
41.4
14,254.2
15,670.2
9,650.5
10,922.1
Note: Data (except as noted) are from Budget of the United States Government, Fiscal Year 2013,
issued February 13, 2012.
Sources: Department of the Treasury and Office of Management and Budget.
32
Held by
the public
[Billions of dollars]
On-budget and off-budget receipts
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012 (estimates)
2013 (estimates)
Cumulative total, first 7 months:1
Fiscal year 2011
Fiscal year 2012
Total
Indi- Corporavidual
tion
income income
taxes
taxes
Social
insurance
and
retirement
receipts
Total
Total
Depart- Internament
tional
of
affairs
Defense,
military
Health
Medicare
Income Social
Net
security security interest
Other
1,258.6
1,351.8
1,453.1
1,579.2
1,721.7
1,827.5
2,025.2
1,991.1
1,853.1
1,782.3
1,880.1
2,153.6
2,406.9
2,568.0
2,524.0
2,105.0
2,162.7
2,303.5
2,468.6
2,902.0
543.1
590.2
656.4
737.5
828.6
879.5
1,004.5
994.3
858.3
793.7
809.0
927.2
1,043.9
1,163.5
1,145.7
915.3
898.5
1,091.5
1,164.7
1,359.3
140.4
157.0
171.8
182.3
188.7
184.7
207.3
151.1
148.0
131.8
189.4
278.3
353.9
370.2
304.3
138.2
191.4
181.1
236.8
347.7
461.5
484.5
509.4
539.4
571.8
611.8
652.9
694.0
700.8
713.0
733.4
794.1
837.8
869.6
900.2
890.9
864.8
818.8
840.7
959.1
113.7
120.1
115.4
120.1
132.6
151.5
160.6
151.7
146.0
143.9
148.4
154.0
171.2
164.7
173.7
160.5
207.9
212.1
226.5
235.9
1,461.8
1,515.7
1,560.5
1,601.1
1,652.5
1,701.8
1,789.0
1,862.8
2,010.9
2,159.9
2,292.8
2,472.0
2,655.1
2,728.7
2,982.5
3,517.7
3,456.2
3,603.1
3,795.5
3,803.4
281.6
272.1
265.7
270.5
268.2
274.8
294.4
304.7
348.5
404.7
455.8
495.3
521.8
551.3
616.1
661.0
693.6
705.6
716.3
701.8
268.6
259.4
253.1
258.3
255.8
261.2
281.0
290.2
331.8
387.1
436.4
474.1
499.3
528.5
594.6
636.7
666.7
678.1
688.3
672.9
17.1
16.4
13.5
15.2
13.1
15.2
17.2
16.5
22.3
21.2
26.9
34.6
29.5
28.5
28.9
37.5
45.2
45.7
56.3
59.6
107.1
115.4
119.4
123.8
131.4
141.0
154.5
172.2
196.5
219.5
240.1
250.5
252.7
266.4
280.6
334.3
369.1
372.5
361.6
385.9
144.7
159.9
174.2
190.0
192.8
190.4
197.1
217.4
230.9
249.4
269.4
298.6
329.9
375.4
390.8
430.1
451.6
485.7
484.5
530.2
217.2
223.8
229.7
235.0
237.8
242.5
253.7
269.8
312.7
334.6
333.1
345.8
352.5
366.0
431.3
533.2
622.2
597.4
579.6
559.4
319.6
335.8
349.7
365.3
379.2
390.0
409.4
433.0
456.0
474.7
495.5
523.3
548.5
586.2
617.0
683.0
706.7
730.8
778.6
825.9
202.9
232.1
241.1
244.0
241.1
229.8
222.9
206.2
170.9
153.1
160.2
184.0
226.6
237.1
252.8
186.9
196.2
230.0
224.8
247.7
171.5
160.2
167.2
157.3
188.9
218.1
239.7
243.1
273.1
302.6
311.8
339.8
393.5
317.9
365.2
651.6
371.6
435.5
593.9
492.9
1,309.4
1,383.2
631.2
662.7
80.1
112.3
475.6
485.8
122.6
122.3
2,179.2
2,103.1
417.5
396.8
400.1
379.3
23.7
28.8
225.2
199.2
280.3
257.6
390.6
348.5
420.8
442.6
139.2
145.7
281.9
283.9
1 Data from current issue Monthly Treasury Statement. Data for Department of Defense,
military, include a small amount that is classified and listed under international affairs, and not
included in national defense.
Note: Data (except as noted) are from Budget of the United States Government, Fiscal Year 2013,
issued February 13, 2012.
Sources: Department of the Treasury and Office of Management and Budget.
33
Calendar year:
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 r
2008:III
IV
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV r
2012:I r
Total
1,859.3
1,885.1
2,013.9
2,290.1
2,524.5
2,654.7
2,502.2
2,232.5
2,429.6
2,564.8
2,501.4
2,457.7
2,225.9
2,214.0
2,221.6
2,268.5
2,364.8
2,407.8
2,475.4
2,470.5
2,527.9
2,554.1
2,583.5
2,593.8
2,711.1
Total 1
1,073.5
1,070.2
1,153.8
1,383.7
1,558.3
1,637.6
1,447.7
1,170.2
1,340.7
1,536.7
1,450.2
1,396.1
1,169.7
1,137.1
1,168.7
1,205.4
1,290.3
1,322.0
1,377.8
1,372.8
1,513.3
1,532.7
1,547.1
1,553.6
1,654.7
Personal
current
taxes
828.6
774.2
799.2
931.9
1,049.9
1,165.6
1,101.3
856.6
896.4
1,072.0
1,106.3
1,116.0
915.7
844.6
830.8
835.2
856.5
888.7
912.3
927.8
1,046.8
1,065.4
1,083.3
1,092.4
1,115.5
Taxes
on
production
and
imports
86.8
89.3
94.3
98.8
99.4
94.5
94.0
97.3
101.5
110.8
94.5
93.2
90.5
100.0
99.0
99.6
98.3
102.0
103.6
101.9
106.7
112.0
112.3
112.2
116.4
Contributions
Income
for
Taxes
govern- receipts
on
on
ment
assets
corporate social
income insurance
150.5
197.8
250.3
341.0
395.0
362.8
233.7
201.7
329.6
338.2
232.1
161.7
147.7
176.7
225.9
256.3
322.3
318.1
348.9
329.1
345.4
340.0
334.5
332.7
408.3
739.3
762.8
807.6
852.6
904.6
945.3
973.1
948.9
970.9
907.3
974.4
969.7
951.2
951.7
946.6
945.9
960.3
969.9
975.5
977.9
894.6
900.3
915.1
919.0
932.2
1 Includes taxes from the rest of the world, not shown separately.
2 Includes an item for the difference between wage accruals and disbursements, not shown
separately.
34
20.3
22.8
23.2
23.7
26.1
29.8
30.7
48.1
53.1
55.3
30.6
27.9
39.0
49.6
48.7
54.9
49.8
52.3
55.3
55.0
54.6
54.9
55.5
56.3
60.5
Current
transfer
receipts
26.1
25.6
29.0
33.6
38.3
44.8
54.4
69.8
69.7
67.4
49.7
68.4
71.1
80.2
61.6
66.1
69.1
68.6
71.6
69.7
68.1
67.4
66.9
67.2
66.7
Current
surplus of
government
enterprises
0.2
3.7
.3
3.5
2.9
2.7
3.7
4.4
4.8
1.8
3.7
4.4
5.1
4.7
4.0
3.9
4.7
4.9
4.8
4.9
2.7
1.2
1.1
2.4
2.9
Total 2
2,112.1
2,261.5
2,393.4
2,573.1
2,728.3
2,900.0
3,115.7
3,450.4
3,703.3
3,752.6
3,140.4
3,119.4
3,219.8
3,516.9
3,527.0
3,537.9
3,636.6
3,685.8
3,733.1
3,757.8
3,729.0
3,829.5
3,744.2
3,707.8
3,710.0
ConCurrent
sumption transfer Interest Subsidies
expendipaypayments
tures
ments 3
590.5
660.3
721.4
765.8
811.0
848.9
931.7
986.6
1,054.0
1,072.1
946.2
953.5
955.2
981.2
997.8
1,012.4
1,033.9
1,056.0
1,066.6
1,059.6
1,059.1
1,077.5
1,084.9
1,066.9
1,066.4
1,252.1
1,339.4
1,405.0
1,491.3
1,587.1
1,690.4
1,841.9
2,153.6
2,313.7
2,305.8
1,826.2
1,874.9
2,006.2
2,210.4
2,189.9
2,207.9
2,283.0
2,289.0
2,331.9
2,350.7
2,312.7
2,346.9
2,289.0
2,274.7
2,286.1
229.1
212.9
221.0
255.4
279.2
313.2
292.1
251.9
279.9
312.4
317.6
238.4
204.1
269.8
272.1
261.8
264.9
286.2
279.1
289.4
298.0
342.8
306.6
302.3
295.7
40.5
49.0
46.0
60.5
51.0
47.4
49.9
58.3
55.8
62.3
50.4
52.6
54.4
55.6
67.2
55.9
54.8
54.7
55.4
58.2
59.2
62.2
63.8
63.9
61.9
3 Includes Federal grants-in-aid to State and local governments, not shown separately.
Net
Federal
Government
saving
252.8
376.4
379.5
283.0
203.8
245.2
613.5
1,217.9
1,273.7
1,187.8
639.1
661.7
993.9
1,303.0
1,305.4
1,269.4
1,271.8
1,278.0
1,257.7
1,287.3
1,201.1
1,275.4
1,160.7
1,114.1
998.9
INTERNATIONAL STATISTICS
Industrial Production and Consumer PricesMajor Industrial Countries
Industrial production (2007=100; seasonally adjusted)
Period
United
States
Canada
Japan
France
Germany
Italy
United
States 1
Canada
Japan
France
Germany
2002
89.3
97.8
85.1
97.5
83.3
96.0
99.8
179.9
172.9
119.0
163.4
2003
90.4
97.9
87.6
96.4
83.7
95.4
99.5
184.0
177.7
118.7
166.9
2004
92.5
99.5
91.8
97.8
86.2
95.3
100.3
188.9
181.0
118.7
170.4
2005
95.5
101.4
93.2
97.9
89.2
94.7
99.5
195.3
185.0
118.4
173.4
2006
97.6
100.8
97.1
98.8
94.3
98.2
99.5
201.6
188.7
118.6
176.3
2007
100.0
100.0
100.0
100.0
100.0
100.0
100.0
207.342
192.7
118.7
178.9
2008
96.5
95.5
96.6
97.2
100.0
96.3
97.2
215.303
197.3
120.3
184.0
2009
85.4
84.5
75.5
84.9
83.7
78.3
88.5
214.537
197.9
118.7
184.1
r
2010
90.1
89.7
88.1
88.9
92.6
83.6
90.1
218.056
201.4
117.9
186.9
2011 r
93.7
92.9
86.0
91.1
99.7
83.9
89.1
224.939
207.2
117.5
190.9
r
2011:Mar
93.1
93.4
76.8
90.9
99.4
85.1
89.9
223.467
206.4
117.6
190.4
Apr r
92.6
92.8
78.7
90.3
99.3
85.4
88.4
224.906
207.1
117.7
191.0
May r
92.9
91.4
83.2
91.9
100.1
84.9
89.2
225.964
208.5
117.7
191.1
June r
93.1
91.6
86.4
90.4
99.4
84.2
89.3
225.722
207.1
117.5
191.3
r
July
93.9
92.7
87.3
91.8
102.4
83.4
88.9
225.922
207.5
117.5
190.4
r
Aug
94.2
93.2
88.1
92.2
102.1
86.3
89.1
226.545
208.0
117.7
191.4
Sept r
94.4
93.4
86.4
90.2
99.5
82.3
89.0
226.889
208.5
117.7
191.3
Oct r
94.9
93.4
88.0
90.3
100.3
81.6
88.0
226.421
208.9
117.9
191.7
r
Nov
95.1
93.4
86.5
91.2
100.2
81.7
87.7
226.230
209.0
117.2
192.3
r
Dec
95.9
94.2
88.5
89.9
97.7
82.6
88.0
225.672
207.8
117.2
193.0
2012:Jan r
96.5
94.4
89.3
90.1
98.6
80.5
87.5
226.665
208.7
117.4
192.4
r
Feb
96.9
93.1
87.9
90.9
99.4
80.0
87.7
227.663
209.6
117.6
193.2
p
Mar
96.4
93.1
89.0
90.1
100.7
80.3
87.6
229.392
210.4
118.2
194.8
Apr p
97.4
89.2
230.085
211.3
118.3
195.0
May p
1 Data relate to all urban consumers.
147.4
148.9
151.4
153.7
156.2
159.7
163.9
164.5
166.3
170.2
169.6
169.9
169.9
170.0
170.7
170.7
170.8
170.8
170.8
172.0
171.4
172.7
173.1
173.4
173.1
United
Kingdom
Italy
243.5
207.0
250.1
213.0
255.6
219.3
260.6
225.6
266.1
232.8
270.9
242.7
280.0
252.4
282.2
251.1
286.5
262.7
294.5
276.3
292.0
273.2
293.5
275.4
293.8
276.3
294.1
276.3
294.9
275.7
295.8
277.4
295.8
279.5
297.5
279.6
297.2
280.2
298.4
281.3
299.2
279.6
300.4
281.9
301.8
282.9
303.2
284.9
303.2
Sources: As reported by each country, Board of Governors of the Federal Reserve System, and
Department of Labor (Bureau of Labor Statistics).
Note: See Note, p. 17, for information on U.S. industrial production series.
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2011:Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
2012:Jan
Feb r
Mar p
BOP
basis
697.4
729.8
822.0
911.7
1,039.4
1,164.0
1,307.5
1,069.5
1,288.7
1,497.4
124.5
126.5
125.2
121.1
126.8
126.7
129.2
127.8
125.8
126.7
128.5
127.9
132.7
IndusFoods, trial
Total, feeds, supCensus and
plies
basis 1 bever- and
ages materials
693.1
724.8
814.9
901.1
1,026.0
1,148.2
1,287.4
1,056.0
1,278.3
1,480.6
122.8
125.1
123.8
119.7
125.3
125.3
127.7
126.7
124.8
125.7
127.1
126.5
131.5
49.6
55.0
56.6
59.0
66.0
84.3
108.3
93.9
107.7
126.1
11.2
11.1
11.0
10.2
10.2
10.4
10.3
10.3
10.2
10.3
10.5
10.0
10.4
156.8
173.0
203.9
233.0
276.0
316.4
388.0
296.7
391.7
499.4
41.3
43.3
41.5
39.4
42.1
42.9
44.3
43.0
41.3
42.3
42.0
41.9
44.3
78.9
80.6
89.2
98.4
107.3
121.3
121.5
81.7
112.0
132.5
11.3
10.5
10.8
10.8
12.1
11.1
11.3
11.2
11.0
11.7
12.7
11.9
12.3
Balance of trade
(exports minus imports)
Auto- Consumer
Capital motive
vegoods
goods hicles,
except parts (nonfood)
autoexcept
motive and
enautogines motive
290.4
293.7
327.5
358.4
404.0
433.0
457.7
390.5
446.6
491.4
39.8
41.0
41.3
39.9
42.1
41.7
41.8
42.3
42.0
41.9
43.2
43.2
44.4
Services
(BOP basis)
84.4
89.9
103.2
115.3
129.1
146.0
161.3
150.0
165.9
176.3
14.5
14.7
14.3
15.1
14.4
14.7
15.4
14.9
15.7
14.7
14.5
14.8
14.8
BOP
basis
1,171.9
1,270.2
1,485.5
1,692.4
1,875.1
1,982.8
2,137.6
1,575.4
1,934.6
2,235.7
185.2
184.3
190.3
187.9
187.7
187.3
188.5
186.3
188.7
191.8
195.9
189.0
200.3
IndusFoods, trial
Total, feeds, supCensus and
plies
basis 1 bever- and
ages materials
1,161.4
1,257.1
1,469.7
1,673.5
1,853.9
1,957.0
2,103.6
1,559.6
1,913.2
2,207.4
183.0
182.1
187.8
185.4
185.3
184.9
185.9
183.8
186.5
189.6
193.4
186.9
198.0
49.7
55.8
62.1
68.1
74.9
81.7
89.0
81.6
91.7
107.5
8.6
8.9
9.0
9.1
8.9
8.9
9.1
9.4
9.3
9.2
9.6
9.0
9.2
267.7
313.8
412.8
523.8
602.0
634.7
779.5
462.5
602.7
756.6
64.4
63.0
67.6
65.0
62.7
63.5
64.6
61.0
63.4
64.0
65.1
63.2
65.7
BOP basis
Auto- Consumer
Capital motive
vegoods
goods hicles,
except parts (nonfood)
autoexcept
motive and
enautogines motive
283.3
295.9
343.6
379.3
418.3
444.5
453.7
369.3
449.2
510.9
41.2
41.8
43.1
42.9
43.1
42.8
42.4
43.6
43.6
44.7
44.8
44.3
47.7
203.7
210.1
228.2
239.4
256.6
256.7
231.2
157.6
225.0
254.4
21.8
19.0
19.6
19.3
22.6
21.6
22.2
21.4
22.1
22.9
25.0
24.1
25.4
307.8
333.9
372.9
407.2
442.6
474.6
481.6
428.4
483.3
513.5
41.7
43.8
43.2
43.1
43.1
42.2
42.2
43.0
42.3
43.1
43.3
40.5
43.8
Exports
Imports
Goods,
Census
basis
Goods
Ser- Goods
and
vices services
283.4
293.7
341.2
375.8
420.4
490.6
535.2
505.5
548.9
607.7
49.5
49.8
50.5
50.7
51.6
52.0
51.9
51.8
51.7
51.5
52.4
53.6
54.1
226.4
244.3
283.0
303.6
338.0
368.4
403.4
380.9
403.0
429.3
34.8
35.2
35.6
35.6
36.3
36.4
36.7
36.4
36.4
36.9
37.6
37.9
38.3
468.3
532.4
654.8
772.4
828.0
808.8
816.2
503.6
634.9
726.7
60.2
57.0
64.0
65.7
60.0
59.6
58.2
57.1
61.7
63.9
66.4
60.4
66.6
474.5
540.4
663.5
780.7
835.7
818.9
830.1
505.9
645.9
738.3
60.7
57.8
65.1
66.8
60.9
60.7
59.3
58.5
62.8
65.0
67.3
61.1
67.6
57.1
49.4
58.2
72.1
82.4
122.2
131.8
124.6
145.8
178.3
14.7
14.6
14.9
15.0
15.3
15.6
15.3
15.4
15.3
14.6
14.8
15.7
15.8
417.4
491.0
605.4
708.6
753.3
696.7
698.3
381.3
500.0
560.0
46.1
43.2
50.2
51.8
45.6
45.1
44.0
43.1
47.5
50.4
52.5
45.4
51.8
Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis).
Note: BOP refers to balance of payments on international transactions basis. BOP data shown
here are consistent with figures shown on pp. 36 and 37.
35
[Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits ()]
Goods 1
Period
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 p
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV p
Exports
697,439
729,816
821,986
911,686
1,039,406
1,163,957
1,307,499
1,069,491
1,288,699
1,497,389
254,413
253,886
270,290
290,902
304,572
315,954
325,514
342,659
361,425
372,926
382,661
380,377
Imports
1,171,930
1,270,225
1,485,492
1,692,416
1,875,095
1,982,843
2,137,608
1,575,400
1,934,555
2,235,681
376,727
365,803
399,815
433,055
457,404
481,912
493,336
501,904
542,793
562,636
563,529
566,722
Services
Balance
on
goods
474,491
540,409
663,507
780,730
835,689
818,886
830,109
505,910
645,857
738,292
122,315
111,916
129,525
142,154
152,832
165,958
167,822
159,245
181,368
189,711
180,868
186,345
Net
military
transactions 2
12,719
17,060
17,359
15,594
11,743
10,826
13,600
13,863
12,908
11,910
3,957
3,469
2,297
4,139
3,409
3,092
3,077
3,330
3,339
3,071
2,809
2,692
Net
travel
and
transportation
4,465
12,451
16,225
14,549
11,276
2,599
16,365
13,981
20,384
30,742
2,431
3,878
3,580
4,092
4,834
5,039
4,678
5,831
6,022
7,605
9,209
7,907
Other
services,
net
74,242
78,934
91,734
102,249
105,420
130,386
129,006
124,521
138,355
159,503
31,028
30,122
28,951
34,421
31,765
33,486
35,109
37,996
39,722
39,961
39,755
40,063
Balance
on
goods
and
services
417,432
490,984
605,356
708,624
753,288
696,728
698,338
381,272
500,027
559,956
92,814
81,385
99,293
107,779
119,642
130,523
131,113
118,749
138,963
145,215
134,712
141,066
Receipts
282,701
322,411
415,793
537,339
684,620
833,834
813,903
599,495
663,240
738,719
145,995
144,969
149,275
159,256
158,857
165,030
167,115
172,239
180,298
191,268
186,437
180,716
Payments
257,526
278,721
350,712
468,748
640,438
732,349
666,814
471,494
498,016
517,654
118,696
115,898
114,571
122,329
122,473
121,859
121,375
132,309
127,349
133,976
125,862
130,466
Balance
on
income
25,175
43,691
65,081
68,591
44,182
101,485
147,089
128,001
165,224
221,065
27,299
29,071
34,704
36,928
36,384
43,170
45,740
39,930
52,949
57,292
60,575
50,250
Unilateral
current
transfers,
net 3
64,990
71,796
88,243
105,741
91,515
115,061
125,885
123,280
136,095
134,550
29,738
30,497
33,269
29,777
35,034
32,947
34,754
33,360
32,263
35,508
33,489
33,290
1 Adjusted from Census data to align with concepts and definitions used to prepare the inter2 Transfers under U.S. military agency sales contracts (exports) minus direct defense
national and national economic accounts. The adjustments are necessary to supplement coverage expenditures (imports).
3 Includes transfers of goods and services under U.S. military grant programs.
of Census data, to eliminate duplication of transactions recorded elsewhere in the international
accounts, to value transactions according to a standard definition, and for earlier years, to record
See p. 37 for continuation of table.
transactions in the appropriate period.
36
Balance
on
current
account
457,248
519,089
628,519
745,774
800,621
710,303
677,135
376,551
470,898
473,440
95,253
82,811
97,858
100,629
118,292
120,300
120,127
112,179
118,277
123,431
107,626
124,105
[Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits ()]
Financial account
Period
Capital
account
transactions,
net
Total
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011 p
2009:I
II
III
IV
2010:I
II
III
IV
2011:I
II
III
IV p
141
1,821
3,049
13,116
1,788
384
6,010
140
152
1,160
20
29
36
56
3
2
146
2
29
829
300
3
294,646
325,424
1,000,870
546,631
1,285,729
1,453,604
332,109
139,330
1,005,182
396,375
122,132
33,471
294,896
38
313,010
168,537
286,834
236,802
334,721
24,446
75,147
10,953
U.S.
official
reserve
assets 4
3,681
1,523
2,805
14,096
2,374
122
4,848
52,256
1,834
15,877
982
3,632
49,021
1,379
773
165
1,096
200
3,619
6,267
4,079
1,912
Other
U.S.
Government
assets
345
537
1,710
5,539
5,346
22,273
529,615
541,342
7,540
102,150
244,102
193,750
57,736
45,754
9,433
2,441
788
240
547
1,358
956
99,289
Statistical discrepancy
4 Consists of gold, special drawing rights (SDRs), foreign currencies, and the U.S. reserve
position in the International Monetary Fund (IMF).
Total
795,161
858,303
1,533,201
1,247,347
2,065,169
2,064,642
431,406
335,793
1,245,736
783,737
114,554
34,386
341,315
143,418
329,340
186,636
463,115
266,646
487,513
3,849
232,816
59,558
Foreign
official
assets
115,945
278,069
397,755
259,268
487,939
481,043
554,634
480,237
349,754
164,831
109,438
129,251
109,108
132,440
89,751
66,736
135,477
57,790
48,764
95,143
21,847
923
Other
foreign
assets
679,216
580,234
1,135,446
988,079
1,577,230
1,583,599
123,228
144,444
895,982
618,906
223,992
163,637
232,207
10,978
239,589
119,900
327,638
208,856
438,749
91,294
210,969
60,481
Financial
derivatives,
net
29,710
6,222
32,947
49,456
13,735
6,775
7,221
11,275
11,496
19,464
16,152
9,980
11,893
504
3,220
7,504
3,949
Total
(sum of
the
items
with
sign
reversed)
43,126
11,969
93,138
31,942
6,742
92,660
59,443
130,773
216,761
80,464
80,475
72,479
39,979
62,160
85,813
92,223
44,116
82,841
37,707
88,462
45,793
75,502
Of which:
Seasonal
adjustment
discrepancy
U.S. official
reserve
assets,
net
(unadjusted,
end of
period) 4
79,006
85,938
86,824
65,127
65,895
70,565
77,648
130,760
132,433
9,190
74,958
4,183
81,489
20,256
134,296
15,250
130,760
13,688
127,521
6,531
124,514
21,959
133,099
14,802
132,433
13,225
139,315
7,440
147,660
24,988
148,487
19,203
147,953
37
CONTENTS
TOTAL OUTPUT, INCOME, AND SPENDING
Page
Gross Domestic Product ........................................................................................................................................................ 1
Real Gross Domestic Product ................................................................................................................................................ 2
Chained Price Indexes For Gross Domestic Product ............................................................................................................ 2
Gross Domestic Product and Related Price Measures: Indexes and Percent Changes ........................................................... 3
Nonfinancial Corporate BusinessGross Value Added and Price, Costs, and Profits .......................................................... 3
National Income .................................................................................................................................................................... 4
Real Personal Consumption Expenditures ............................................................................................................................ 4
Sources of Personal Income ................................................................................................................................................... 5
Disposition of Personal Income ............................................................................................................................................. 6
Farm Income ......................................................................................................................................................................... 7
Corporate Profits ................................................................................................................................................................... 8
Real Gross Private Domestic Investment ............................................................................................................................... 9
Real Private Fixed Investment by Type .................................................................................................................................. 10
Business Investment ............................................................................................................................................................... 10
EMPLOYMENT, UNEMPLOYMENT, AND WAGES
Status of the Labor Force ....................................................................................................................................................... 11
Selected Unemployment Rates .............................................................................................................................................. 12
Selected Measures of Unemployment and Unemployment Insurance Programs ................................................................... 13
Nonagricultural Employment ................................................................................................................................................ 14
Average Weekly Hours, Hourly Earnings, and Weekly EarningsPrivate Nonagricultural Industries ................................ 15
Employment Cost IndexPrivate Industry .......................................................................................................................... 15
Productivity and Related Data, Business and Nonfarm Business Sectors .............................................................................. 16
PRODUCTION AND BUSINESS ACTIVITY
Industrial Production and Capacity Utilization .................................................................................................................... 17
Industrial ProductionMajor Market Groups and Selected Manufactures .......................................................................... 18
New Construction ................................................................................................................................................................. 19
New Private Housing and Vacancy Rates .............................................................................................................................. 19
Business Sales and InventoriesManufacturing and Trade .................................................................................................. 20
Manufacturers Shipments, Inventories, and Orders .............................................................................................................. 21
PRICES
Producer Prices ...................................................................................................................................................................... 22
Consumer PricesAll Urban Consumers ............................................................................................................................. 23
Changes in Producer Prices for Finished Goods .................................................................................................................... 24
Changes in Consumer PricesAll Urban Consumers .......................................................................................................... 24
Prices Received and Paid by Farmers ..................................................................................................................................... 25
MONEY, CREDIT, AND SECURITY MARKETS
Money Stock and Debt Measures .......................................................................................................................................... 26
Components of Money Stock ................................................................................................................................................ 27
Aggregate Reserves and Monetary Base ................................................................................................................................. 27
Bank Credit at All Commercial Banks .................................................................................................................................. 28
Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business .............................................................................. 29
Consumer Credit ................................................................................................................................................................... 29
Interest Rates and Bond Yields .............................................................................................................................................. 30
Common Stock Prices and Yields .......................................................................................................................................... 31
FEDERAL FINANCE
Federal Receipts, Outlays, and Debt ..................................................................................................................................... 32
Federal Receipts by Source and Outlays by Function ............................................................................................................ 33
Federal Sector, National Income Accounts Basis ................................................................................................................... 34
INTERNATIONAL STATISTICS
Industrial Production and Consumer PricesMajor Industrial Countries ........................................................................... 35
U.S. International Trade in Goods and Services .................................................................................................................... 35
U.S. International Transactions ............................................................................................................................................. 36
General Notes
Detail in these tables may not add to totals because of rounding.
Unless otherwise noted, all dollar figures are in current dollars.
Symbols used:
p Preliminary.
r Revised.
c Corrected.
... Not available (also, not applicable).
NSA Not seasonally adjusted.
38