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May 30, 2013
2013:I (Second Estimate) Comparisons
Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures
[Percent]
2013:I
% change
Gross domestic product (GDP)
Personal consumption expenditures (PCE)
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Exports of goods and services
Goods
Services
Imports of goods and services
Goods
Services
Government consumption expenditures
and gross investment
Federal
National defense
Nondefense
State and local
Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income
Current-dollar GDP

Last quarter with
equal value

Last quarter with
larger value

Last quarter with
smaller value

2.4

IV 2010

2.4

III 2012

3.1

IV 2012

0.4

3.4
4.1
8.2
2.2
3.1

I 1986
I 1982
IV 1992
III 2010
III 1990

3.4
4.1
8.2
2.2
3.1

IV 2010
IV 2012
IV 2012
I 2011
II 2005

4.1
4.3
13.6
4.6
3.2

IV 2012
III 2012
II 2012
IV 2012
IV 2012

1.8
3.6
-0.2
0.1
0.6

9.0
4.1
2.2
-3.5
4.6
12.1

I 1968
IV 1988

9.0
4.1

II 1997
III 1990
IV 2011

-3.5
4.6
12.1

IV 2011
IV 2012
IV 2012
IV 2012
IV 2012
IV 2012

33.9
14.0
13.2
16.7
11.8
17.6

IV 2012
III 2012
III 2012
I 2011
III 2012
II 2012

1.3
0.9
-1.8
-28.2
-2.6
8.5

I 1979
I 2000
II 1989
IV 2010
I 1964

0.3
2.0
1.9
1.1
5.8

III 2012
III 2012
IV 2012
II 2012
II 2012
I 2012

1.9
1.1
2.5
2.8
2.9
9.0

IV 2012
IV 2012
II 2012
IV 2012
IV 2012
IV 2012

-2.8
-5.0
1.1
-4.2
-3.9
-5.6

I 2005
III 2001

-2.1
-2.4

III 2012
III 2012
III 2012
IV 2012
IV 2012

3.9
9.5
12.9
1.7
-1.5

IV 2012
IV 2012
IV 2012
III 2011
II 2011

-7.0
-14.8
-22.1
-17.4
-3.2

1.9
2.6
2.2
2.9
8.9
5.9

II 2012
IV 2012
IV 2012
IV 2012
III 2008
IV 2012

1.7
0.0
1.5
0.9
-8.8
1.3

0.8
0.3
2.0
1.9
1.1
5.8

-4.9
-8.7
-12.1
-2.1
-2.4

1.8
2.5
1.9
1.5
-8.4
3.6

III 2002
I 2000
III 2012
II 2006

1.8
2.5
1.9
1.5

IV 2007

3.6

IV 2012
III 2012
I 2012
III 2012
IV 2012
III 2012

1.2

IV 1998

1.2

IV 2012

1.6

II 2012

0.7

1.4

II 2012

1.4

I 2012

2.4

IV 2012

1.2

GDP
GDP excluding food and energy
GDP implicit price deflator

1.1
1.6
1.2

IV 2001
III 2003
IV 2009

1.1
1.6
1.2

III 2012
I 2012
III 2012

2.7
2.6
2.7

IV 2012
IV 2012
IV 2012

1.0
1.3
1.0

PCE
PCE excluding food and energy

1.0
1.3

III 1962
IV 2011

1.0
1.3

IV 2012
II 2012

1.6
1.7

II 2012
IV 2012

0.7
1.0

Market-based PCE
Market-based PCE excluding food and energy

1.2
1.6

IV 2011
IV 2009

1.2
1.6

IV 2012
II 2012

1.5
1.8

II 2012
IV 2012

0.6
0.9

Chain-type price measures:
Gross domestic purchases
Gross domestic purchases
excluding food and energy

1

2013:I (Second Estimate) Comparisons
Contributions to Percent Change in Real Gross Domestic Product
2011:III
contribution

Last quarter with
equal value

Last quarter with
larger value

Last quarter with
smaller value

2.4

IV 2010

2.4

III 2012

3.1

IV 2012

0.4

2.40
0.98
0.63
0.35
1.42

II 1963
III 1977
IV 1992
III 2010

2.40
0.98
0.63
0.35

IV 2010
IV 2012
IV 2012
I 2011
IV 2004

2.84
1.02
1.00
0.73
1.73

IV 2012
III 2012
II 2012
IV 2012
IV 2012

1.28
0.85
-0.02
0.02
0.27

IV 2011
IV 2012
IV 2012
IV 2012
IV 2012
IV 2012
III 2012

3.72
1.69
1.28
0.46
0.82
0.41
0.73

IV 2012
III 2012
III 2012
I 2011
III 2012
II 2012
IV 2012

0.17
0.12
-0.19
-0.84
-0.19
0.19
-1.52

0.33
0.27
0.11
0.10
0.73
0.57
0.17

IV 2011
IV 2012
IV 2012
II 2012
II 2012
II 2012
I 2012

-0.64
-0.40
-0.50
0.05
-0.49
-0.42
-0.25

0.75
0.71
0.64
0.04
-0.18

IV 2012
IV 2012
IV 2012
III 2011
II 2011

-1.41
-1.23
-1.28
-0.51
-0.39

Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

1.16
0.53
0.23
-0.11
0.34
0.30
0.63

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

-0.21
0.11
0.03
0.08
-0.32
-0.16
-0.16

Government consumption expenditures
and gross investment
Federal
National defense
Nondefense
State and local

-0.97
-0.68
-0.63
-0.05
-0.29

IV 1969
IV 2007
IV 2002

-0.11
0.34
0.30

IV 1988
II 1983
I 1979
IV 1987

-0.21
0.11
0.03
0.08

IV 1956
IV 1995

-0.16
-0.16

IV 2012
III 2012
III 2012
IV 2012
IV 2012
IV 2012
IV 2012

-0.05
-0.29

III 2012
III 2012
III 2012
IV 2012
IV 2012

I 2011
III 2001

2

2013:I (Second Estimate) Comparisons
Corporate Profits: Level and Percent Change
2011:III
change

Last quarter with
equal value

Last quarter with
larger value

Last quarter with
smaller value

Dollar change from preceding quarter
Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj
Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj
Net cash flow with IVA

Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj
Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj

-43.8
-30.2

IV 2012
IV 2012

45.4
49.8

I 2012
I 2012

-53.0
-136.2

-49.8
-36.1

IV 2012
IV 2012

27.3
31.7

I 2011
I 2011

-73.1
-65.1

IV 2011
139.4
IV 2012
Percent change from preceding quarter (quarterly rates)

-89.8

110.9

-2.2
-1.9

IV 2004

-1.9

IV 2012
IV 2012

2.3
3.3

I 2012
I 2012

-2.7
-8.6

-2.2
-2.0

II 2010

-2.0

IV 2012
IV 2012

1.2
1.8

I 2011
I 2011

-3.9
-4.4

IV 2008
6.2
IV 2011
7.5
IV 2012
Percent change from quarter one year ago

-4.8

Net cash flow with IVA

6.2

Corporate profits with IVA and CCAdj
Profits after tax with IVA and CCAdj

3.6
6.1

Profits before tax without IVA and CCAdj
Profits after tax without IVA and CCAdj
Net cash flow with IVA

II 1979

3.6

2.2
4.0
3.2

I 1990

IVA
Inventory valuation adjustment
CCAdj Capital consumption adjustment

3

3.2

III 2012
I 2012

7.5
9.2

IV 2012
IV 2012

3.1
-1.1

IV 2012
IV 2012

14.7
13.3

III 2011
III 2011

-0.6
0.8

I 2012

7.6

IV 2012

-11.0