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Economic indicators dashboard
Gross Domestic Product, 3rd Quarter 2020 (Second Estimate); Corporate Profits, 3rd Quarter 2020 (Preliminary Estimate)
3rd quarter 2020
33.1 |
3rd quarter 2020 % change |
-31.4 |
2nd quarter 2020 % change |
Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The increase is the same as in the 'advance' estimate released in October. In the second quarter of 2020, real GDP decreased 31.4 percent. Profits increased 27.1 percent at a quarterly rate in the third quarter after decreasing 10.3 percent in the second quarter. Corporate profits increased 3.3 percent in the third quarter from one year ago. Profits were impacted by provisions from the Paycheck Protection Program. Full Text
Current Release |
November 25, 2020 |
New Residential Construction
November 2020
+1.2* |
November 2020 % change |
+6.3* |
October 2020 (r) % change |
Privately-owned housing starts in November 2020 were at a seasonally adjusted annual rate of 1,547,000. This is 1.2 percent (+/- 8.6%)* above the revised October 2020 estimate of 1,528,000.
Current Release |
December 17, 2020 |
Manufacturing and Trade Inventories and Sales
October 2020
+0.7 |
October 2020 % change in Inventories |
+0.8 |
September 2020 (r) % change in Inventories |
U.S. total business end-of-month inventories for October 2020 were $1,948.7 billion, up 0.7 percent (+/- 0.1 percent) from last month. U.S. total business sales were $1,482.3 billion, up 0.9 percent (+/-0.1 percent) from last month.
Current Release |
December 16, 2020 |
Advance Monthly Sales for Retail and Food Services
November 2020
-1.1 |
November 2020 % change |
-0.1* |
October 2020 (r) % change |
U.S. retail and food services sales for November 2020 were $546.5 billion, a decrease of 1.1 percent (+/-0.5%) from the previous month.
Current Release |
December 16, 2020 |
Quarterly Services Survey
3rd Qtr 2020
+7.8 |
3rd Qtr 2020 % change |
-9.2 |
2nd Qtr 2020 (r) % change |
The estimate of U.S. selected services total revenue for the third quarter of 2020, adjusted for seasonal variation but not for price changes, was $3,929.9 billion, an increase of 7.8 percent (+/- 0.4 percent) from the second quarter of 2020 and down 3.9 percent (+/- 0.2 percent) from the third quarter of 2019.
Current Release |
December 10, 2020 |
Monthly Wholesale Trade
October 2020
+1.1 |
October 2020 % change in Inventories |
+0.9 |
September 2020 (r) % change in Inventories |
October 2020 sales of merchant wholesalers were $496.6 billion, up 1.8 percent (+/- 0.4 percent) from last month. End-of-month inventories were $649.0 billion, up 1.1 percent (+/- 0.4 percent) from last month.
Current Release |
December 09, 2020 |
Quarterly Financial Report - Retail Trade
3rd Qtr 2020
+4.7 |
3rd Qtr 2020 $ billion |
+24.0 |
2nd Qtr 2020 (r) $ billion |
Seasonally adjusted after-tax profits for retail corporations with assets of $50 million and over were $43.5 billion for the third quarter 2020 (the 3 months ending October 31, 2020), up $4.7 (+/- 0.2) billion from second quarter 2020 (the 3 months ending July 31, 2020).
Current Release |
December 08, 2020 |
Quarterly Financial Report - Manufacturing, Mining, Wholesale Trade, and Selected Service Industries
3rd Qtr 2020
+100.3 |
3rd Qtr 2020 $ billion |
-65.1 |
2nd Qtr 2020 (r) $ billion |
Manufacturing corporations' seasonally adjusted after-tax profits were $148.4 billion for the third quarter of 2020, up $100.3 (+/- 0.8) billion from second quarter of 2020.
Current Release |
December 08, 2020 |
Manufacturers' Shipments, Inventories, and Orders
October 2020
+1.0° |
October 2020 % change |
+1.3° |
September 2020 (r) % change |
New orders for manufactured goods in October increased $4.9 billion or 1.0 percent to $480.8 billion.
Current Release |
December 04, 2020 |
U.S. International Trade in Goods and Services
October 2020
63.1° |
October 2020 $ billion |
62.1° |
September 2020 (r) $ billion |
The nation's international trade deficit in goods and services increased to $63.1 billion in October from $62.1 billion in September (revised), as imports increased more than exports.
Current Release |
December 10, 2020 |
Construction Spending
October 2020
+1.3 |
October 2020 % change |
-0.5* |
September 2020 (r) % change |
Total construction activity for October 2020 ($1,438.5 billion) was 1.3 percent (+/-1.0 percent) above the revised September 2020 ($1,420.4 billion).
Current Release |
December 01, 2020 |
New Residential Sales
October 2020
-0.3* |
October 2020 % change |
+0.1* |
September 2020 (r) % change |
Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000. This is 0.3 percent (+/- 13.6%)* below the revised September 2020 estimate of 1,002,000.
Current Release |
November 25, 2020 |
Advance Monthly Wholesale Inventories
October 2020
+0.9 |
October 2020 % change in Inventories |
+0.7 |
September 2020 (r) % change in Inventories |
October end-of-month inventories were $646.2 billion, up 0.9 percent (+/- 0.4 percent) from last month.
Current Release |
November 25, 2020 |
Advance U.S. International Trade in Goods
October 2020
80.3° |
October 2020 $ billion |
79.4° |
September 2020 $ billion |
The advance international trade deficit in goods increased to $80.3 billion in October from $79.4 billion in September as imports increased more than exports.
Current Release |
November 25, 2020 |
Advance Report on Durable Goods Manufacturers' Shipments, Inventories, and Orders
October 2020
+1.3° |
October 2020 % change |
+2.1° |
September 2020 (r) % change |
New orders for manufactured durable goods in October increased $3.0 billion or 1.3 percent to $240.8 billion.
Current Release |
November 25, 2020 |
Advance Monthly Retail Inventories
October 2020
+0.8 |
October 2020 % change in Inventories |
+1.7 |
September 2020 (r) % change in Inventories |
October 2020 end-of-month inventories were $612.2 billion, up 0.8 percent (+/- 0.2%) from last month.
Current Release |
November 25, 2020 |
Rental Vacancy Rate
3rd Qtr 2020
+6.4 |
3rd Qtr 2020 percent |
+6.8 |
3rd Qtr 2019 percent |
The rental vacancy rate in the third quarter 2020, 6.4 percent, was lower than the rate in the third quarter 2019. The rental vacancy rate in the South was lower than the third quarter 2019 rate. The rental vacancy rates in the Northeast, Midwest, and West were not statistically different from the third quarter 2019 rates.
Current Release |
October 27, 2020 |
Homeownership Rate
3rd Qtr 2020
+67.4 |
3rd Qtr 2020 percent |
+64.8 |
3rd Qtr 2019 percent |
The homeownership rate in the third quarter 2020, 67.4 percent, was higher than the rate in the third quarter 2019. The homeownership rates in the Midwest, South, and West were higher than the third quarter 2019 rates. The homeownership rate in the Northeast was not statistically different from the third quarter 2019 rate.
Current Release |
October 27, 2020 |
Business Formation Statistics
3rd Qtr 2020
+77.4° |
3rd Qtr 2020 % change |
+4.8° |
2nd Qtr 2020 (r) % change |
Total U.S. Business Applications were 1,566,373 in the third quarter of 2020, up 77.4% from second quarter 2020.
Current Release |
October 14, 2020 |
Notes:
(*) The 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.
(°) Statistical significance is not applicable or not measurable for these surveys. The Manufacturers’ Shipments, Inventories and Orders estimates are not based on a probability sample, so we can neither measure the sampling error of these estimates nor compute confidence intervals.
(r) Revised.