A message from Mary Bohman, Acting Director of the Bureau of Economic Analysis.
Real GDP decreased 32.9 percent in the second quarter of 2020, reflecting negative contributions from consumer spending, exports, inventory investment, nonresidential fixed investment, residential fixed investment, and state and local government spending.
Details of the annual update, which incorporated newly available and revised source data as well as new methods.
Growth in the outward investment position increased $158.6 billion to $5.96 trillion, up 2.7 percent from 2018. The inward investment position increased $331.2 billion to $4.46 trillion, up 8.0 percent from 2018.
Spending by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $194.7 billion, down 37.7 percent from 2018. Employment at these businesses was 210,600 workers.