| Billions of chained (1992) dollars | Percent change from preceding quarter | ||||||||
| Level | Change from preceding quarter | 1997 | 1998 | ||||||
| 1998 | 1997 | 1998 | III | IV | I | II | |||
| II | III | IV | I | II | |||||
| Gross domestic product | 7,498.6 | 74.7 | 53.4 | 100.1 | 33.9 | 4.2 | 3.0 | 5.5 | 1.8 |
| Less: Exports of goods and services | 972.1 | 24.5 | 10.7 | -6.9 | -19.8 | 10.6 | 4.4 | -2.8 | -7.7 |
| Plus: Imports of goods and services | 1,217.3 | 35.3 | 17.3 | 42.6 | 26.9 | 13.5 | 6.3 | 15.7 | 9.3 |
| Equals: Gross domestic purchases | 7,718.6 | 83.7 | 59.0 | 142.8 | 73.7 | 4.6 | 3.2 | 7.8 | 3.9 |
 Personal
consumption expenditures |
5,130.2 | 74.3 | 34.0 | 74.1 | 75.1 | 6.2 | 2.8 | 6.1 | 6.1 |
| Durable
goods |
729.4 | 25.8 | 5.2 | 25.5 | 19.1 | 16.8 | 3.1 | 15.8 | 11.2 |
| Nondurable
goods |
1,540.9 | 18.6 | -1.4 | 26.9 | 19.7 | 5.1 | -.4 | 7.4 | 5.3 |
| Services |
2,866.8 | 31.8 | 29.4 | 24.5 | 37.5 | 4.7 | 4.3 | 3.5 | 5.4 |
| Gross
private domestic fixed investment |
1,264.1 | 32.3 | 10.2 | 55.4 | 39.2 | 12.0 | 3.6 | 20.4 | 13.4 |
| Nonresidential
fixed investment |
960.4 | 34.0 | 4.0 | 45.7 | 28.5 | 17.0 | 1.8 | 22.2 | 12.8 |
| Structures |
201.9 | 5.9 | .5 | -2.6 | -1.2 | 12.4 | .9 | -4.9 | -2.3 |
| Producers'
durable equipment |
771.3 | 28.8 | 3.8 | 52.4 | 32.5 | 18.8 | 2.2 | 34.3 | 18.8 |
| Residential
investment |
309.1 | -.2 | 5.6 | 10.6 | 10.6 | -.4 | 8.2 | 15.6 | 15.0 |
| Change in
business inventories |
38.2 | -28.0 | 15.5 | 24.9 | -53.2 | ||||
| Nonfarm |
29.9 | -28.1 | 18.7 | 23.2 | -56.0 | ||||
| Farm |
8.7 | 28.8 | 3.8 | 52.4 | 32.5 | ||||
| Government
consumption expenditures and gross investment |
1,294.8 | 4.5 | .3 | -6.2 | 11.8 | 1.4 | .1 | -1.9 | 3.7 |
| Federal |
454.1 | -1.5 | -2.4 | -10.4 | 8.0 | -1.2 | -2.1 | -8.8 | 7.3 |
| National
defense |
300.3 | -1.5 | -1.5 | -15.4 | 7.0 | -1.8 | -2.0 | -18.5 | 9.9 |
| Nondefense |
152.9 | 0 | -.9 | 4.6 | 1.0 | -.1 | -2.3 | 13.1 | 2.6 |
| State and
local |
840.9 | 5.9 | 2.8 | 4.2 | 3.8 | 2.9 | 1.3 | 2.1 | 1.8 |
| Addenda: | |||||||||
| Final
sales to domestic purchasers |
7,676.4 | 109.7 | 44.1 | 120.1 | 124.2 | 6.2 | 2.4 | 6.6 | 6.7 |
| Final
sales of domestic product |
7,456.4 | 100.8 | 38.5 | 77.7 | 83.9 | 5.8 | 2.1 | 4.3 | 4.6 |
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates usually are not additive. Chained (1992) dollar levels and residuals, which measure the extent of nonadditivity in each table, are in NIPA tables 1.2, 1.4, and 1.6. Percent changes are calculated from unrounded data. Percent changes in major aggregates are in NIPA table 8.1.