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Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
US Data: GDP Real Dollar Changes From Prev Quarter>
Release for: Third Quarter (second estimate)
Change in billions of chained (2009) dollars from previous period
Source: U.S. Department of Commerce
4Q-17 1Q-18 2Q-18 3Q-18
GDP 103.0 100.2 187.6 160.1
Personal consumptn expenditures 121.5 16.4 119.2 115.2
Goods 73.7 -6.9 60.6 53.6
Durable goods 48.0 -8.4 34.1 16.0
Motor vehicles and parts 19.9 -17.6 7.9 -1.9
Furniture and household equip 10.1 1.6 5.6 6.3
Recreational goods, vehicles 13.8 8.4 11.4 11.3
Other 3.9 2.1 9.5 2.1
Nondurable goods 27.8 0.9 28.1 37.2
Food and beverages bought
for off-premises consumption 13.8 5.1 6.6 9.0
Clothing and shoes 8.4 -7.4 8.7 10.6
Gasoline, fuel oil, and other
energy goods -1.7 -3.5 4.7 -1.3
Other 5.5 5.4 8.1 17.3
Services PCE 52.9 21.3 61.9 64.0
Household consumption spending 49.9 10.3 48.3 58.4
Housing and utilities 11.6 2.8 12.1 5.7
Health Care 12.9 7.6 11.6 22.6
Transportation Services 10.9 -1.1 -4.8 0.5
Recreation Services -2.2 2.2 4.9 -0.3
Food Services, accomodations -0.6 4.3 15.7 13.9
Financial Services, insurance 4.1 -2.4 -0.5 2.2
Other services 14.2 -2.7 9.6 15.3
Final consumption of nonprofits
serving households 3.0 10.6 13.1 5.5
Gross output of nonprofit institutions 3.4 3.8 19.4 17.4
Less: Receipts from sales of
goods and services by nonprofits 0.2 -7.5 5.8 11.8
Gross private domestic investmnt 6.2 75.0 -4.3 118.7
Fixed investment 48.1 62.0 51.0 11.3
Nonresidential 30.4 71.3 56.1 16.9
Structures 1.7 17.1 18.4 -2.4
Equipment and software 28.5 25.3 14.0 10.8
Information processing equipment
and software 10.7 13.0 12.4 9.0
Industrial equipment 3.0 3.9 -1.9 5.6
Transportation equipment 6.2 9.4 1.0 -2.8
Other 8.6 -0.2 4.2 0.4
Intellectual property products 1.4 28.4 22.2 9.5
Software -2.6 16.8 12.1 8.7
Research and development 2.8 12.0 9.8 1.0
Entertainment, literary
and artistic originals 0.7 0.2 0.7 0.6
Residential 16.2 -5.4 -2.1 -4.0
Change in private inventories -48.3 14.2 -67.1 123.4
Farm -1.3 -0.7 0.5 -1.0
Nonfarm -46.7 14.8 -66.9 122.2
Net exports, goods and services -53.3 -3.2 61.4 -104.8
Exports 39.8 21.9 56.4 -28.5
Goods 44.4 13.8 56.2 -37.8
Services -1.8 7.9 2.9 6.4
Imports 93.1 25.0 -4.9 76.3
Goods 93.0 17.1 -2.7 71.4
Services 2.7 7.3 -2.0 6.1
Govt consumption expenditures
and gross investment 18.4 12.0 19.6 20.4
Federal 12.0 7.9 10.9 10.6
National defense 5.2 5.3 10.5 8.9
Consumption 4.2 5.5 9.3 8.2
Gross investment 0.9 -0.1 1.2 0.6
Nondefense 6.7 2.5 0.6 1.8
Consumption 5.1 3.7 0.1 1.1
Gross investment 1.6 -1.2 0.4 0.8
State and Local 6.6 4.2 8.9 9.9
Consumption -0.4 0.8 2.6 5.0
Gross investment 7.1 3.4 6.3 4.9
Addenda:
Gross domestic income (GDI) 67.5 176.0 40.1 183.5
Average of GDP and GDI 85.2 138.1 113.8 171.8
Final sales of domestic product 143.9 87.9 241.5 55.5
Gross domestic purchases 146.2 102.8 134.6 253.2
Final sales to dom purchases 187.7 90.3 189.5 146.7
Final sales to priv domestic purchase 169.6 78.3 170.2 126.5
Gross domestic product 103.0 100.2 187.6 160.1
Plus: Income receipts from
the rest of the world 36.5 32.4 8.5 -9.9
Less: Income payments to
the rest of the world 22.4 31.7 11.3 -11.5
Equals: Gross national product 116.7 100.7 184.9 161.8
Net domestic product 80.6 78.3 163.0 135.5
** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDT$,MAUG4$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.