Real GDP increased 1.8 percent after increasing 3.1 percent in the fourth quarter of 2010. Imports turned up, consumer spending and nonresidential investment slowed, and federal government spending decreased more.
Economic growth turned up in 2010, reflecting widespread recovery across industries. The largest contributors to the upturn were durable-goods manufacturing and retail trade.
Personal income declined in 1,740 counties, grew in 1,312 counties, and was unchanged in 58 counties in 2009. Growth ranged from 189 percent in Slope County, ND, to � percent in Sully County, SD.
An update on BEA抯 development of regional price parities, which show price level differences across geographic areas and expenditure classes. These parities were used to adjust regional per capita personal income measures for 2005�09.
Upcoming in the Survey...
U.S. Travel and Tourism Satellite Accounts. Updated output, employment, and other statistics for travel and tourism for 2006�09.