Monday, October 13, 2003

Economic Statistics To Digest

Real GDP: +3.3% in Q2 2003 (final). [Released: 9/26/03]

Personal Income: +0.2 in August 2003.

Per Capita Real Disposable Personal Income: In August 2003, per capita real disposable personal income (at a seasonally adjusted annual rate) increased $131 to $25,172(chained [1996] dollars). [Released: 9/29/03]

Median Household Money Income: The U.S. Census Bureau reports that Median household money income in the United States in 2002 was $42,409 (2000 Dollars), 1.1 percent lower than in 2001 after adjusting for 1.6 percent inflation. Under four alternative income definitions that deduct income and payroll taxes and include the value of various nonchash benefits, real median household income did not change for three of the four income alternatives and declined 0.8 percent for income after taxes. [Released: 9/26/03]

Int'l Trade in Goods and Services: Decrease in the deficit of $0.8 billion to $39.2 billion in August 2003. [Released: 10/10/03]

U.S. Int'l Transactions: Current account deficit virtually unchanged at $138.7 billion in Q2 2003. [Released: 9/15/2003]

U.S. Ration of R&D to GDP: The National Science Foundation reports that the U.S. ratio of R&D to Gross Domestic Product increased to 2.63% in 1999, but remained at a level less than Japan (2.94%) and more than Germany (2.44% ). [Released: 4/2003]

Corporate Profits: Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $80.6 billion in the second quarter, according to revised estimates. In the first quarter, profits increased $20.4 billion. [Released: 9/26/03]

Current-Production Cash Flow: Current-production cash flow (net cash flow with inventory valuation and capital consumption adjustments) -- the internal funds available to corporations for investment -- increased $70.8 billion in the second quarter, in contrast to a decrease of $4.0 billion in the first. [Released: 9/26/03]

Personal Savings Rate: In the second quarter of 2003, personal saving as a percentage of disposable personal income decreased to 3.2 percent. [Released: 9/26/03]

Gross Domestic Purchases Prices: In the second quarter of 2003, the prices paid by U.S. purchasers for final goods and services increased 0.4 percent at a seasonally adjusted annual rate. [Released: 9/26/03]

Housing Starts: The U.S. Census Bureau reports that privately owned housing starts in August were at a seasonally adjusted annual rate of 1,820,000, down 3.8% from the revised July 2003 figure of 1,892,000. [Released: 9/17/03]

Capacity Utilization: The Federal Reserve Board reports that capacity utilization for total industry was unchanged in August, at 74.6 percent, a rate 6.7 percentage points below its 1972-2002 average. [Released: 9/15/03]

GDP by Industry: In 2002, real GDP growth increased to 2.4 percent from 0.3 percent in 2001. Real GDP for private services-producing industries increased 2.8 percent in 2002. For private goods-producing industries, it increased 1.3 percent.

In 2002, GDP for all five broad industry groups in the services-producing sector increased, led by retail trade, which increased 5.9 percent. Electric, gas, and sanitary services, within the transportation and public utilities industry group, and wholesale trade also increased sharply.

Relatively slow growth was reported for finance, insurance, and real estate. In addition, relatively slow growth in the services sub-group reflected weakness in the business and professional services industries, which includes software production.

Within the goods-producing sector, GDP for all four broad industry groups increased. Manufacturing's recovery (1.8 percent) was restrained by a slight drop in durable-goods manufacturing (-0.1 percent) caused by weakness in the industries that produce information and communications technology equipment.

Nondurable goods manufacturing increased 4.3 percent. [Released: 4/17/03]

  • Bureau of Economic Analysis