Dollars and Jens
Friday, July 30, 2010
In the second quarter Americans spent more money, but mostly overseas; imports took a clean 4 percentage points off the annualized GDP number. Housing investment picked up a bit, but it was nonresidential fixed investment that provided the biggest boost to demand. Inventory accumulation continued to accelerate, though not as quickly as before.
II 07III 07IV 07I 08II 08III 08IV 08I 09II 09III 09IV 09I 10II 10
Gross domestic product3.22.32.9-.7.6-4.0-6.8-4.9-.
Nondurable goods-.03.27.07-.50.31-.91-.78.06-.
Durable goods.38.31.20-.92-.23-.95-1.79.35-.211.35-.07.62.53
Change in private inventories.90-.28-.77-.49-.48-.12-2.31-1.09-
Fixed investment.62-.18-.76-.98-.69-1.83-4.01-5.71-1.26.12-.12.392.09
Net exports of goods and services.01.873.21.841.04-.631.502.881.47-1.371.90-.31-2.78
Government spending.


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