Key Economic Indicators
Personal income increased $1.6 billion (less than 0.1 percent) in November according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $1.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $24.0 billion (0.2 percent).
Real gross domestic product increased at an annual rate of 3.5 percent in the third quarter of 2016 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent.
Privately-owned housing starts in December 2016 were at a seasonally adjusted annual rate of 1,226,000. This is 11.3 percent (+/- 10.4%) above the revised November 2016 estimate of 1,102,000.
December 2016: +11.3 % change
November 2016 (r): -16.5 % change
U.S. total business end-of-month inventories for November 2016 were $1,827.5 billion, up 0.7 percent (+/- 0.1 percent) from last month. U.S. total business sales were $1,326.7 billion, up 0.1 percent (+/-0.2 percent)* from last month.
November 2016: +0.7 % change in Inventories
October 2016 (r): -0.1* % change in Inventories
U.S. retail and food services sales for December were $469.1 billion, an increase of 0.6 percent (+/-0.5%) from the previous month.
December 2016: +0.6 % change
November 2016 (r): +0.2* % change
November 2016 sales of merchant wholesalers were $452.6 billion, up 0.4 percent (+/- 0.5 percent)* from last month. End-of-month inventories were $595.3 billion, up 1.0 percent (+/- 0.2 percent) from last month.
November 2016: +1.0 % change in Inventories
October 2016 (r): -0.1* % change in Inventories
New orders for manufactured goods in November decreased $11.3 billion or 2.4 percent to $458.3 billion.
November 2016: -2.4° % change
October 2016 (r): +2.8° % change
The Nation's international trade deficit in goods and services increased to $45.2 billion in November from $42.4 billion in October (revised), as exports decreased and imports increased.
November 2016: 45.2° $ billion
October 2016 (r): 42.4° $ billion
Total construction activity for November 2016 ($1,182.1 billion) was 0.9 percent (+/-1.5%)* above the revised October 2016 ($1,171.4 billion).
November 2016: +0.9* % change
October 2016 (r): +0.6* % change
November end-of-month inventories were $594.5 billion, up 0.9 percent (+/- 0.2 percent) from last month.
November 2016: +0.9 % change in Inventories
October 2016 (r): -0.1* % change in Inventories
The advance international trade deficit in goods increased to $65.3 billion in November from $61.9 billion in October as exports decreased and imports increased.
November 2016: 65.3° $ billion
October 2016: 61.9° $ billion
November 2016 end-of-month inventories were $609.6 billion, an increase of 1.0 percent (+/- 0.2%) from last month.
November 2016: +1.0 % change in Inventories
October 2016 (r): -0.4 % change in Inventories
Sales of new single-family houses in November 2016 were at a seasonally adjusted annual rate of 592,000. This is 5.2 percent (+/- 14.1%)* above the revised October 2016 estimate of 563,000.
November 2016: +5.2* % change
October 2016 (r): -1.4* % change
New orders for manufactured durable goods in November decreased $11.0 billion or 4.6 percent to $228.2 billion.
November 2016: -4.6° % change
October 2016 (r): +4.8° % change
The estimate of U.S. selected services total revenue for the third calendar quarter of 2016, not adjusted for seasonal variation or for price changes, was $3,512.5 billion, an increase of 1.6 percent (+/- 0.2%) from the second quarter of 2016 and up 5.3 percent (+/- 0.6%) from the third quarter of 2015. The first quarter of 2016 to second quarter of 2016 percentage change was not revised from 3.4 percent (+/- 0.4%).
3rd Qtr 2016: +1.6 % change
2nd Qtr 2016: +3.4 % change
Seasonally adjusted after-tax profits for retail corporations with assets of $50 million and over were $23.9 billion for the third quarter 2016 (the 3 months ending October 31, 2016), up $0.6 (+/- 0.1) billion from second quarter 2016 (the 3 months ending July 31, 2016).
3rd Qtr 2016: +0.6 $ billion
2nd Qtr 2016 (r): +3.1 $ billion
Quarterly Financial Report - Manufacturing, Mining, Wholesale Trade, and Selected Service Industries
Manufacturing corporations' seasonally adjusted after-tax profits were $138.3 billion for the third quarter of 2016, up $8.3 (+/- 0.3) billion from second quarter of 2016.
3rd Qtr 2016: +8.3 $ billion
2nd Qtr 2016 (r): +7.4 $ billion
The homeownership rate in the third quarter 2016, 63.5 percent, was not statistically different from the third quarter 2015 rate of 63.7 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the third quarter 2015.
3rd Qtr 2016: +63.5* percent
3rd Qtr 2015: +63.7 percent
The rental vacancy rate in the third quarter 2016 was 6.8 percent, down 0.5 (+/- 0.4) percentage points from the third quarter 2015 rate of 7.3 percent. The rental vacancy rate in the West was lower than the rate in the third quarter 2015, while the rates in the Northeast, Midwest and South were not statistically different from the rates in the third quarter 2015.
3rd Qtr 2016: +6.8 percent
3rd Qtr 2015: +7.3 percent
