A message from Brian Moyer, Director of the Bureau of Economic Analysis.
Real GDP increased 3.5 percent, reflecting positive contributions from consumer spending, inventory investment, nonresidential fixed investment, federal government spending, and state and local government spending.
Net government saving increased $42.0 billion to −$1,194.1 billion. Net federal government saving increased $26.4 billion to −$967.3 billion. Net state and local government saving increased $15.6 billion to −$226.8 billion..
Economic growth in the second quarter of 2018 was 4.2 percent; 16 of 22 major industry groups contributed to the overall growth in real GDP. Revised annual estimates for 1997 through 2017 and revised quarterly estimates for the first quarter of 2005 through the first quarter of 2018 reflect the results of the comprehensive update.
Aggregate rates of return for nonfinancial corporations, industries, and selected industry groups are reported annually. Domestic nonfinancial corporate returns increased in 2017..
Growth in consumer spending by state in 2017 ranged from 2.0 percent in North Dakota to 6.9 percent in Idaho. Nationwide, consumer spending by state on average grew 4.3 percent. Updated statistics for 1997–2016 are included as part of the comprehensive update.
The share of all goods and services produced in the United States by majority-owned U.S. affiliates declined to 6.4 percent in 2016.
A list of the articles in the Survey of Current Business in 2018.
A list of BEA news releases scheduled for 2019.