A message from Brian Moyer, Director of the Bureau of Economic Analysis.
Real GDP increased 4.1 percent, reflecting contributions from consumer spending, exports, nonresidential fixed investment, federal government spending, and state and local government spending.
Seasonal Adjustment in the National Income and Product Accounts: Results from the 2018 Comprehensive Update
BEA has completed its three-phase, multiyear plan to improve its approach to seasonal adjustment and to resolve residual seasonality.
Among the improvements, BEA will shift toward supply-use tables, consistent with international recommendations, and will introduce new tables that increase the number of industries presented on an annual basis.
Growth in the outward investment position was 7.6 percent, up from 5.6 percent in 2016. The inward investment position grew 6.9 percent, down from 12.2 percent in 2016.
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $259.6 billion, down 32 percent from 2016. Employment increased 8 percent.
Regional Quarterly Report: Preview of the 2018 Comprehensive Update of the Regional Economic Accounts
Updated statistics for personal income, GDP, and consumer spending will allow for a more accurate portrayal of regional economies as well as more consistent comparisons with other BEA accounts.