GDP and the Economy: Final Estimates for the Fourth Quarter of 2007
Real GDP grew 0.6 percent after growing 4.9 percent in the third quarter. Inventory investment turned down; exports, consumer spending, and federal government spending decelerated. Motor vehicle output turned down.
Government Receipts and Expenditures: Fourth Quarter of 2007
Net government saving decreased $25.3 billion to –$268.5 billion. Net federal government saving increased $3.6 billion to –$226.7 billion. Net state and local government saving decreased $28.9 billion to –$41.9 billion.
Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade for the Fourth Quarter of 2007
These estimates, including estimates of inventories for manufacturing by stage of fabrication, have been updated.
U.S. International Transactions: Fourth Quarter of 2007
The current-account deficit decreased $4.5 billion to $172.9 billion as a result of increases in the surpluses on income and services. In the financial account, net financial inflows increased $119.0 billion to $230.1 billion.
U.S. International Transactions in 2007
The current-account deficit decreased $72.8 billion to $738.6 billion as a result of increases in the surpluses on income and services and a decrease in the deficit on goods. In the financial account, net financial inflows decreased $175.8 billion to $657.4 billion.
State Personal Income: Fourth Quarter of 2007 and Annual Estimates for 2007
Fourth-quarter personal income growth ranged from 1.4 percent in South Dakota to 0.6 percent in Tennessee. For 2007, growth slowed in the Mideast, Southeast, Southwest, Rocky Mountain, and Far West regions and accelerated in the New England and Plains regions.
Upcoming in the Survey...
Local Area Personal Income. Estimates for states, counties, and metropolitan areas for 2004–2006.
Annual Industry Accounts. Advance estimates for 2007.
Preview of the Upcoming NIPA Comprehensive Revision. Changes to the classification of personal consumption expenditures.