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June 24, 2015
2015:I (Third Estimate) Comparisons
Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures
[Percent]
2015:I
% change
Gross domestic product (GDP)
Personal consumption expenditures (PCE)
Goods
Durable goods
Nondurable goods
Services

-0.2

Last quarter with
larger value

Last quarter with
smaller value

IV 2014

2.2

I 2014

-2.1

IV 2014
IV 2014
IV 2014
IV 2014
IV 2014

4.4
4.8
6.2
4.1
4.3

I 2014
III 2011
II 2011
I 2014
III 2014

1.2
0.9
-2.6
0.0
2.5

IV 2014
IV 2014
IV 2014
IV 2014
III 2014
IV 2014
II 2014

3.7
4.5
4.7
5.9
11.0
10.3
8.8

I 2014
I 2011
IV 2009
I 2011
IV 2014
I 2014
IV 2014

-6.9
-0.9
-3.6
-27.1
0.6
4.6
3.8

IV 2014
IV 2014
IV 2014
IV 2014
IV 2014
IV 2014

4.5
2.4
9.2
10.4
10.4
10.0

I 2014
I 2014
III 2014
III 2014
III 2014
III 2014

-9.2
-11.9
-1.9
-0.9
-1.3
1.0

III 2014
III 2014
III 2014
I 2014
IV 2014

4.4
9.9
16.0
6.6
1.6

IV 2014
IV 2014
IV 2014
IV 2014
I 2014

-1.9
-7.3
-12.2
1.5
-1.3

IV 2014
IV 2014
IV 2014
IV 2014
IV 2012
IV 2014

2.3
3.2
3.3
1.4
11.8
2.4

I 2014
I 2014
I 2014
I 2014
IV 2014
I 2014

-1.0
-0.4
0.7
-2.8
4.1
-0.8

-1.6

IV 2014

-0.1

I 2009

-2.4

0.1

IV 2014

0.7

I 2009

-0.6

2.1
1.0
1.3
0.8
2.7

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential

2.4
-0.3
-2.0
-18.8
2.6
4.9
6.5

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

-5.9
-11.6
7.5
7.1
7.2
6.4

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

-0.6
0.0
-1.2
2.0
-1.0

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers
Gross national product
Disposable personal income
Current-dollar GDP

-0.6
1.7
1.2
-1.0
5.3
-0.2

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

Last quarter with
equal value

I 2007
I 2014

2.1
1.0

II 2012
I 2006

0.8
2.7

IV 1974
I 1957
II 1991

2.4
-0.3
-2.0

I 1993
II 2003

4.9
6.5

IV 1998

7.5

I 1947

0.0

I 2011
III 2009
I 1979

-0.6
1.7
1.2

II 2010

5.3

GDP
GDP excluding food and energy
GDP implicit price deflator

0.0
0.3
-0.1

III 2009
II 2009
III 2009

0.0
0.3
-0.1

IV 2014
IV 2014
IV 2014

0.1
0.7
0.2

II 2009
I 2009
II 2009

-0.6
-0.2
-0.7

PCE
PCE excluding food and energy

-2.0
0.8

IV 2010

0.8

IV 2014
IV 2014

-0.4
1.1

I 2009
I 2009

-2.2
0.5

IV 2010

0.6

IV 2014
IV 2014

-0.9
0.7

IV 2008
------

-5.5
------

Market-based PCE
-2.6
Market-based PCE excluding food and energy
0.6*
* Smallest percent increase in this series which begins in 1987.

1

June 24, 2015
2015:I (Third Estimate) Comparisons
Contributions to Percent Change in Real Gross Domestic Product
2015:I
contribution

Last quarter with
equal value

Last quarter with
larger value

Last quarter with
smaller value

Percent change at annual rate:
Gross domestic product

-0.2

IV 2014

2.2

I 2014

-2.1

IV 2014
IV 2014
IV 2014
IV 2014
IV 2014

2.98
1.07
0.45
0.61
1.91

I 2014
III 2011
II 2011
I 2014
III 2014

0.83
0.20
-0.19
0.00
1.15

IV 2014
IV 2014
IV 2014
IV 2014
III 2014
IV 2014
II 2014
II 2014

0.61
0.72
0.60
0.17
0.63
0.39
0.27
1.42

I 2014
I 2011
IV 2009
I 2011
IV 2014
I 2014
IV 2014
IV 2014

-1.13
-0.11
-0.37
-0.73
0.04
0.18
0.12
-0.10

IV 2014
IV 2014
IV 2014
IV 2014
III 2014
III 2014
III 2014

-1.03
0.59
0.22
0.37
0.16
0.19
-0.03

II 1985
I 2014
I 2014
III 2014
IV 2014
IV 2014
IV 2014

-1.90
-1.30
-1.18
-0.08
-1.62
-1.35
-0.27

III 2014
III 2014
III 2014
I 2014
IV 2014

0.80
0.68
0.66
0.17
0.18

IV 2014
IV 2014
IV 2014
IV 2014
I 2014

-0.35
-0.53
-0.57
0.04
-0.14

Percentage points at annual rates:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services

1.43
0.22
0.10
0.12
1.21

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories

0.40
-0.05
-0.26
-0.60
0.15
0.19
0.21
0.45

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

-1.89
-0.79
-1.09
0.30
-1.10
-0.93
-0.18

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

-0.11
0.00
-0.05
0.05
-0.12

I 2007

1.43

I 2007
II 1966

0.12
1.21

II 1953

0.40

II 1991
II 2002
III 1974
IV 2012

-0.26
-0.60
0.15
0.19

IV 1948

-0.79

II 2007
IV 2002
I 2007
IV 2005

0.30
-1.10
-0.93
-0.18

III 1984

0.00

I 2004
III 1981

0.05
-0.12

2

June 24, 2015
2015:I (Third Estimate) Comparisons
Corporate Profits: Level and Percent Change
2015:I
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
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
Net cash flow with IVA

-110.8
-136.1

IV 2014
IV 2014

-30.4
-25.8

I 2014
I 2014

-201.7
-268.6

78.9
53.7

II 2014
II 2014

152.9
107.3

IV 2014
IV 2014

-61.8
-57.1

IV 2014
12.2
I 2014
Percent change from preceding quarter (quarterly rates)

-163.0

-135.7

-5.2
-8.8
3.2
2.9
-6.4

IV 1985

-5.2

IV 2014
IV 2014

-1.4
-1.6

I 2014
I 2014

-9.4
-16.3

II 2006

2.9

II 2014
II 2014

6.7
6.2

IV 2014
IV 2014

-2.5
-3.0

IV 2014
0.6
I 2014
Percent change from quarter one year ago

-7.8

4.5
1.9

I 1957
I 1982

4.5
1.9

IV 2013
IV 2013

4.7
3.4

IV 2014
IV 2014

-0.2
-6.4

9.4
9.0

I 1971
I 1989

9.4
9.0

III 2014
IV 2012

10.0
12.4

IV 2014
IV 2014

6.7
2.9

II 2014

5.5

IV 2014

1.4

3.0

IVA
Inventory valuation adjustment
CCAdj Capital consumption adjustment

3