GROSS DOMESTIC PRODUCT (GDP) FOURTH QUARTER 2012 This table shows the advance quarterly estimates of GDP and its major expenditure components along with the key source data and assumptions used by BEA in preparing the estimates. GDP and its component estimates are identified by the entry of "NIPA" in the source column. For other estimates, the table shows the source agency and whether the source agency or BEA seasonally adjusts the series. In a few instances, series are derived by BEA after a major reworking of the source data. For these series, both the source agency and BEA are identified in the source column. Monthly NIPA estimates are also shown for some components. Assumptions for missing source data are indicated by an octothorp (#). Estimates that are subject to revision by the source agency are identified by an asterisk (*). GDP and its component estimates, including the series shown on each numbered line, are at annual rates. For other series, the units in which the source data are shown generally correspond to those used by the source agency. For the most recent quarter, individual GDP components are calculated using the quarterly change in the latest available source data after making adjustments to convert the source data to NIPA concepts. Note that the change in private inventories is calculated using the latest change in the level inventories. For more information, or to provide comments or suggestions, e-mail the National Income and Wealth Division at GDPNIWD@bea.gov or call (202) 606-5304. Abbreviations API - American Petroleum Institute BEA - Bureau of Economic Analysis BLS - Bureau of Labor Statistics Census - Census Bureau CPI - Consumer Price Index - All urban consumers DOD - Department of Defense DOT - Department of Transportation DT - Department of the Treasury EIA - Energy Information Administration FDIC - Federal Deposit Insurance Corporation FRB - Federal Reserve Board IBTS - Institute for Building Technology & Safety JD Power - J.D. Power and Associates, Power Information Network NAR - National Association of Realtors NIPA - National income and product accounts NJCCC - State of New Jersey Casino Control Commission NVGCB - Nevada Gaming Control Board Polk - R. L. Polk & Company PPI - Producer Price Index STR - Smith Travel Research Ward's - Ward's Automotive Reports Source for Seasonal 2012Q2 Jul. Aug. Sep. 2012Q3 Oct. Nov. Dec. 2012Q4 Source Adjustment GROSS DOMESTIC PRODUCT…………………………………………………………………………………………………………………… 15,585.6 .... .... .... 15,811.0 .... .... .... 15,829.0 NIPA .... Personal consumption expenditures \1\…………………………………………………………………………………………………………………… 11,067.2 11,102.6 11,137.2 11,223.4 11,154.4 11,213.8 11,255.4 11,278.0 11,249.1 NIPA .... Goods…………………………………………………………………………………………………………………………………………………………. 3,741.5 3,741.6 3,785.8 3,850.2 3,792.5 3,831.8 3,835.8 3,844.2 3,837.3 NIPA .... 1. Domestic new autos………………………………………………………………………………………………………………………… 63.3 60.8 65.7 68.7 65.1 65.1 72.0 72.7 69.9 NIPA .... Unit sales (millions of units at annual rates)…………………………………………………………………………………………………………………… 5.0 5.1 5.4 5.4 5.3 5.2 5.7 5.6 5.5 Ward's FRB Average unit value (dollars)…………………………………………………………………………………………………………………… 23,626.0 23,777.0 23,734.0 23,626.0 23,711.0 24,382.0 24,331.0 24,779.0* 24,500.0*JD Power BEA Consumer share of new auto purchases (percent)…………………………………………………………………………………………………………………… 51.8 50.3 50.9 52.9 51.4 50.6 51.3 51.2# 51.0#Polk-BEA BEA 2. Foreign new autos……………………………………………………………………………………………………………………………. 29.4 30.3 27.8 32.1 30.1 31.9 34.7 33.2 33.2 NIPA .... Unit sales (millions of units at annual rates)…………………………………………………………………………………………………………………… 2.0 2.0 2.0 2.2 2.1 2.2 2.3 2.2 2.2 Ward's FRB Average unit value (dollars)…………………………………………………………………………………………………………………… 29,549.0 30,162.0 28,678.0 28,315.0 29,025.0 29,834.0 30,230.0 30,546.0* 30,206.0*JD Power BEA Consumer share of new auto purchases (percent)…………………………………………………………………………………………………………………… 51.8 50.3 50.9 52.9 51.4 50.6 51.3 51.2# 51.0#Polk-BEA BEA 3. New light trucks…………………………………………………………………………………………………………………………………. 134.2 131.5 135.5 143.5 136.8 132.7 146.1 145.6 141.5 NIPA .... Unit sales (millions of units at annual rates)…………………………………………………………………………………………………………………… 7.0 7.0 7.1 7.3 7.1 6.8 7.5 7.5 7.3 Ward's FRB Average unit value (dollars)…………………………………………………………………………………………………………………… 33,020.0 33,124.0 33,365.0 33,320.0 33,271.0 33,455.0 33,419.0 33,625.0* 33,501.0*JD Power BEA Consumer share of new light truck purchases (percent)………………………………………………………………………………………………… 57.8 57.0 56.9 59.2 57.7 57.9 58.3 57.8# 58.0#Polk-BEA BEA 4. Net purchases of used autos and used light trucks……………………………………………………………………………………………………………… 114.3 114.4 119.6 118.0 117.3 123.8 124.6 135.2 127.9 NIPA .... 5. Motor vehicle fuels, lubricants, and fluids…………………………………………………………………………………………………………………… 406.5 386.5 424.5 451.3 420.8 449.0 417.3 401.4 422.6 NIPA .... Motor gasoline supplied (millions of barrels per day)………………………………………………………………………………………………… 8.8 8.7 8.7 8.7 8.7 8.7 8.7* 8.6* 8.7*EIA BEA CPI, motor fuel (1982-84=100)…………………………………………………………………………………………………………………… 301.5 291.2 317.2 339.3 315.9 337.2 312.5 305.4 318.3 BLS BLS 6. Other goods………………………………………………………………………………………………………………………………………. 2,993.9 3,018.2 3,012.7 3,036.5 3,022.5 3,029.3 3,041.2 3,056.1 3,042.2 NIPA .... Retail sales excluding automobile and other motor vehicle dealers, building material and garden equipment and supplies dealers, and gasoline stations (millions of dollars at monthly and quarterly rates) \2\………………………… 672,377.0 226,088.0 225,735.0 227,417.0 679,240.0 227,043.0 227,990.0* 229,056.0* 684,089.0*Census Census Services……………………………………………………………………………………………………………………………………………………… 7,325.7 7,361.1 7,351.4 7,373.3 7,361.9 7,382.0 7,419.6 7,433.8 7,411.8 NIPA .... Household consumption expenditures (for services)…………………………………………………………………………………………………………………… 7,019.4 7,058.1 7,051.0 7,072.7 7,060.6 7,077.4 7,112.2 7,126.5 7,105.3 NIPA .... Housing and utilities…………………………………………………………………………………………………………………………… 1,968.3 1,990.2 1,977.1 1,983.1 1,983.5 1,977.3 1,989.2 1,976.1 1,980.9 NIPA .... 7. Housing……………………………………………………………………………………………………………………………………………. 1,658.9 1,665.0 1,669.4 1,673.7 1,669.4 1,678.7 1,682.5 1,685.5 1,682.2 NIPA .... Completed stationary housing units (thousands of units)…………………………………………………………………………………………………………………… 156.6 55.5 57.2 53.1 165.9 61.9 56.7* 56.8* 175.4*Census BEA CPI, rent of primary residence (1982-84=100)……………………………………………………………………………………………………………… 259.3 260.5 261.0 261.7 261.1 262.8 263.3 263.8 263.3 BLS BLS 8. Electricity…………………………………………………………………………………………………………………………………………. 171.7 175.1 163.2 167.6 168.6 164.1 166.7 153.9 161.6 NIPA .... Sales of electricity to ultimate residential customers (millions of dollars at monthly and quarterly rates)………………………………………………………… 42,302.5 14,480.9 13,495.7 14,028.5 42,005.1 13,732.6# 13,951.7# 12,878.1# 40,562.4#EIA-BEA BEA 9. Natural gas……………………………………………………………………………………………………………………………………… 46.6 58.7 52.4 49.6 53.6 42.1 47.2 43.6 44.3 NIPA .... Sales of gas to ultimate residential customers (millions of dollars at monthly and quarterly rates)………………………………………………………… 12,914.7 5,298.1 4,728.2 4,470.0 14,496.2 3,790.1# 4,256.0# 3,931.4# 11,977.5#EIA-BEA BEA Healthcare \3\………………………………………………………………………………………………………………………………………… 1,803.5 1,818.3 1,826.6 1,832.8 1,825.9 1,835.8 1,842.2 1,847.4 1,841.8 NIPA .... 10. Physician services……………………………………………………………………………………………………………………… 419.1 419.1 418.8 419.4 419.1 419.4 420.4 421.2 420.3 NIPA .... Taxable and tax-exempt offices of physicians and outpatient care centers revenue (millions of dollars)…………………………………………………………………………………………………………………… 107,051.8 .... .... .... 107,235.3 .... .... .... 107,664.9#Census-BEA .... 11. Hospital and nursing home services…………………………………………………………………………………………………………………… 980.2 993.0 1,000.1 1,004.7 999.3 1,006.9 1,010.1 1,012.7 1,009.9 NIPA .... Taxable and tax-exempt hospitals and nursing and residential care facilities revenue (millions of dollars)………………………………………………………………… 272,907.6 .... .... .... 279,032.3 .... .... .... 280,730.6#Census BEA Transportation services…………………………………………………………………………………………………………………….. 313.0 313.4 315.0 312.5 313.6 314.8 315.7 317.2 315.9 NIPA .... 12. Motor vehicle maintenance and repair…………………………………………………………………………………………………………………… 166.2 166.9 167.2 167.6 167.2 168.1 168.4 168.4 168.3 NIPA .... Taxable automotive repair and maintenance revenue (millions of dollars)…………………………………………………………………………………………………………………… 20,930.0 .... .... .... 21,060.3 .... .... .... 21,190.9#Census-BEA .... 13. Air transportation………………………………………………………………………………………………………………………… 50.3 48.3 48.4 46.8 47.8 48.8 48.7 48.7 48.7 NIPA .... Domestic scheduled passenger revenue (millions of dollars)…………………………………………………………………… 20,393.8 .... .... .... 19,383.4# .... .... .... 19,828.2#DOT BEA Recreation services…………………………………………………………………………………………………………………………… 409.5 414.7 410.9 413.7 413.1 413.2 414.9 416.5 414.9 NIPA .... 14. Membership clubs, sports centers, parks, theaters, and museums 150.4 152.3 150.0 150.1 150.8 151.5 154.3 152.2 152.7 NIPA .... Taxable and tax-exempt other amusement and recreation industries revenue (millions of dollars)……………………………………………………………………………………………………………… 24,765.5 .... .... .... 25,273.0 .... .... .... 25,946.5#Census-BEA .... Taxable amusement parks and arcades admissions revenue and tax-exempt museums, historical sites, and similar insitutions revenue (millions of dollars)…………………………………………………………………………………………………………………… 4,950.0 .... .... .... 5,135.0 .... .... .... 5,169.6#Census-BEA .... Taxable performing arts companies admissions revenue and tax-exempt performing arts companies revenue (millions of dollars)………………………………………… 2,961.8 .... .... .... 2,850.3 .... .... .... 2,858.9#Census-BEA .... Taxable spectator sports admissions revenue (millions of dollars)………………………………………………… 2,503.0 .... .... .... 2,488.8 .... .... .... 2,500.0#Census-BEA .... 15. Gambling………………………………………………………………………………………………………………………………………… 102.8 105.6 103.3 105.3 104.7 103.6 101.6 104.7 103.3 NIPA .... Total gaming win revenue (millions of dollars)…………………………………………………………………………………………………… 1,116.3 1,275.4 1,137.2 1,119.6 1,177.4 1,158.7 1,000.7 1,055.0# 1,071.5#NJCCC, NVGCB BEA Taxable gambling industries and spectator sports revenue (millions of dollars)…………………………………………………………………………………………………………………… 7,404.5 .... .... .... 7,425.8 .... .... .... 7,617.0#Census-BEA .... Food services and accommodations…………………………………………………………………………………………………………………… 709.0 711.2 712.0 719.0 714.1 722.4 729.0 737.7 729.7 NIPA .... 16. Food services………………………………………………………………………………………………………………………………. 604.3 607.9 606.4 614.1 609.5 616.6 622.9 629.7 623.0 NIPA .... Food services and drinking places retail sales (millions of dollars at monthly and quarterly rates)…………………………………………… 131,438.0 43,862.0 43,870.0 44,359.0 132,091.0 44,522.0 45,036.0* 45,580.0* 135,138.0*Census Census 17. Accommodations………………………………………………………………………………………………………………………. 104.8 103.3 105.6 105.0 104.6 105.8 106.2 108.0 106.7 NIPA .... Hotel and motel room revenue (millions of dollars at monthly and quarterly rates)………………………………………………………… 29,027.6 9,460.0 9,714.9 9,615.0 28,789.9 9,690.7 9,712.7 9,915.8 29,319.2 STR BEA Financial services………………………………………………………………………………………………………………………………. 540.3 534.6 535.0 537.6 535.7 537.6 543.2 547.2 542.7 NIPA .... 18. Financial service charges and fees…………………………………………………………………………………………………………………… 92.1 92.5 93.4 93.1 93.0 92.9 92.9 93.2 93.0 NIPA .... Service charges on deposit accounts (millions of dollars………………………………………………………………………… 8,076.0 .... .... .... 8,118.0 .... .... .... 8,133.8#FDIC BEA Other services………………………………………………………………………………………………………………………………………. 985.2 985.8 984.7 984.8 985.1 987.6 990.1 995.9 991.2 NIPA .... 19. Communication…………………………………………………………………………………………………………………………… 233.6 233.3 232.6 233.3 233.1 234.1 234.7 235.4 234.7 NIPA .... Wired telecommunications carriers, cable and other program distribution, and Internet service providers revenue from household consumers and individual users (millions of dollars)………………………………………………………………………………………………………… 45,062.4 .... .... .... 44,900.0 .... .... .... 45,139.4#Census BEA Education services………………….……………………………………………………………………………….. 264.2 266.9 266.2 267.8 267.0 269.6 270.3 271.2 270.4 NIPA .... 20. Commercial and vocational schools…………………………………………………………………………. 43.6 43.6 43.7 44.1 43.8 44.4 44.4 44.6 44.5 NIPA .... Taxable and tax-exempt educational services revenue (millions of dollars)…………………………………………………………………………………………………………. 12,483.3 .... .... .... 12,536.8 .... .... .... 12,695.4#Census-BEA .... 21. Social services and religious activities…………………………………………………………………………………………………………………… 161.5 162.4 163.4 163.9 163.2 164.5 165.2 166.3 165.3 NIPA .... Taxable and tax-exempt child daycare services revenue (millions of dollars)………………………………………………………………………………………………………………………. 8,213.0 .... .... .... 8,240.8 .... .... .... 8,298.4#Census-BEA .... Taxable and tax-exempt individual and family services revenue (millions of dollars)………………………………………………………………………………………………………………………. 17,786.5 .... .... .... 17,782.3 .... .... .... 17,888.7#Census-BEA .... Taxable and tax-exempt vocational rehabilitation services revenue (millions of dollars)………………………………………………………………………………………………………………………. 3,103.8 .... .... .... 3,170.8 .... .... .... 3,272.3#Census-BEA .... Taxable and tax-exempt community food and housing and emegency services revenue (millions of dollars)…………………………………………………………………………………………… 7,147.3 .... .... .... 7,172.5 .... .... .... 7,404.1#Census-BEA .... Final consumption expenditures of nonprofit institutions serving households (NPISHs) \4\…………………………………………………………………………………………………………………… 306.3 303.0 300.4 300.6 301.3 304.7 307.4 307.2 306.5 NIPA .... Gross output of nonprofit institutions \5\…………………………………………………………………………………………………………………… 1,206.8 1,220.0 1,225.5 1,231.3 1,225.6 1,237.9 1,243.9 1,246.7 1,242.8 NIPA .... 22. Health, gross output…………………………………………………………………………………………………………………… 675.8 684.9 689.5 692.5 689.0 696.1 699.6 702.7 699.5 NIPA .... Tax-exempt hospitals and nursing and residential care facilities expenses (millions of dollars)……………………………………………………………………………………………… 198,273.5 .... .... .... 202,260.8 .... .... .... 203,491.8#Census BEA 23. Recreation services, gross output…………………………………………………………………………………………………………………… 40.2 40.4 40.3 40.4 40.4 40.7 40.9 41.0 40.9 NIPA .... Tax-exempt other amusement and recreation industries, performing arts companies, and museums, historical sites, and similar institutions expenses (millions of dollars)………………………………………………………………………………… 8,073.5 .... .... .... 8,141.0 .... .... .... 8,282.6#Census-BEA .... 24. Social services, gross output…………………………………………………………………………………………………………………… 118.0 117.8 118.0 118.3 118.0 118.5 119.3 120.2 119.3 NIPA .... Tax-exempt social assistance expenses (millions of dollars)………………………………………………………………… 25,086.5 .... .... .... 25,013.8 .... .... .... 25,404.8#Census-BEA .... Less: Receipts from sales of goods and services by nonprofit institutions \6\……………………………………………………………………………………………………………………………………….. 900.5 917.0 925.2 930.7 924.3 933.3 936.5 939.4 936.4 NIPA .... Gross private domestic investment…………………………………………………………………………………………………………………… 2,041.7 .... .... .... 2,080.1 .... .... .... 2,084.1 NIPA .... Fixed investment \7\………………………………………………………………………………………………………………………………. 1,986.9 .... .... .... 1,997.9 .... .... .... 2,051.4 NIPA .... Nonresidential…………………………………………………………………………………………………………………………………………. 1,614.1 .... .... .... 1,610.0 .... .... .... 1,646.7 NIPA .... Structures………………………………………………………………………………………………………………………………………………. 458.9 .... .... .... 460.1 .... .... .... 460.2 NIPA .... 25. Commercial and healthcare, manufacturing, power and communication, and other structures \8\…………………………………………………………………………………………… 310.1 .... .... .... 309.5 .... .... .... 308.1 NIPA .... Construction spending (value put in place) (annual rates)……………………………………………………………………… 297.6 297.7 295.5 297.0 296.8 296.5* 294.5* 295.5# 295.5#Census Census 26. Oil and gas well drilling and exploration…………………………………………………………………………………………………………………… 142.9 .... .... .... 144.6 .... .... .... 146.2 NIPA .... Drilling footage (millions of feet)…………………………………………………………………………………………………………………… 93.7 .... .... .... 93.8 .... .... .... 96.3*API .... Cost per foot (dollars)…………………………………………………………………………………………………………………… 425.3 .... .... .... 426.7 .... .... .... 427.9*BEA BEA 27. Other………………………………………………………………………………………………………………………………………………. 5.9 .... .... .... 6.0 .... .... .... 5.9 NIPA .... Equipment and software \9\…………………………………………………………………………………………………………………… 1,155.2 .... .... .... 1,149.9 .... .... .... 1,186.6 NIPA .... 28. Software………………………………………………………………………………………………………………………………………… 292.1 .... .... .... 293.7 .... .... .... 298.6 NIPA .... Total revenue of software publishers (millions of dollars)…………………………………………………………………… 37,956.0 .... .... .... 38,021.0 .... .... .... 39,289.2#Census Census Total revenue of computer systems design and related services (millions of dollars)…………………………………………………………………………………………………………………… 85,791.4 .... .... .... 85,912.8 .... .... .... 86,931.4#Census BEA 29. New autos and new light trucks…………………………………………………………………………………………………………………… 178.3 .... .... .... 183.1 .... .... .... 194.7 NIPA .... Unit sales, see personal consumption expenditures, items 1 through 3 Average unit value, see personal consumption expenditures, items 1 through 3 Business share of new auto purchases (percent)…………………………………………………………………………………………………… 47.5 48.5 48.0 46.1 47.5 48.6 48.0 47.9# 48.2#Polk-BEA BEA Business share of new light truck purchases (percent)………………………………………………………………………………… 40.2 40.7 40.9 38.8 40.1 40.0 39.6 40.2# 39.9#Polk-BEA BEA 30. Other trucks, buses, and truck trailers…………………………………………………………………………………………………………………… 43.9 .... .... .... 41.5 .... .... .... 38.4 NIPA .... Retail sales of medium/heavy trucks (millions of units)…………………………………………………………………………… 358.4 366.3 361.2 348.9 358.8 312.2 319.7 339.0 323.6 Ward's BEA 31. Net purchases of used autos and used light trucks……………………………………………………………………………………………… -71.4 .... .... .... -73.7 .... .... .... -86.7 NIPA .... 32. Other equipment, including aircraft \10\…………………………………………………………………………………………………………………… 712.3 .... .... .... 705.4 .... .... .... 741.4 NIPA .... Manufacturers' shipments of nondefense capital goods (millions of dollars at monthly and quarterly rates)…………………………………………… 210,387.0 70,476.0 69,199.0 70,173.0 209,848.0 70,288.0 71,388.0* 71,906.0* 213,582.0*Census Census Manufacturers' shipments of nondefense capital goods other than aircraft (millions of dollars at monthly and quarterly rates)……………………… 192,074.0 63,787.0 63,065.0 62,850.0 189,702.0 63,074.0 64,431.0* 64,616.0* 192,121.0*Census Census Residential……………………………………………………………………………………………………………………………………………….. 372.8 .... .... .... 387.9 .... .... .... 404.6 NIPA .... 33. Permanent site………………………………………………………………………………………………………………………………. 142.9 .... .... .... 154.1 .... .... .... 167.3 NIPA .... Construction spending (value put in place) (annual rates) \11\……………………………………………………………… 143.0 149.6 154.0 159.0 154.1 165.2* 167.2* 169.8# 167.4#Census Census Single-family structures…………………………………………………………………………………………………………………… 122.3 127.7 131.6 136.4 131.9 141.4* 143.3* 145.6# 143.4#Census Census Multifamily structures……………………………………………………………………………………………………………………. 20.6 21.9 22.4 22.6 22.2 23.8* 23.9* 24.2# 24.0#Census Census 1-unit structures started (thousands at annual rates)……………………………………………………………………………………… 516.0 506.0 538.0 590.0 546.0 589.0 570.0 616.0* 592.0*Census Census 34. Manufactured homes…………………………………………………………………………………………………………………… 3.6 .... .... .... 3.7 .... .... .... 3.8 NIPA .... Manufacturers' shipments (thousands of units at annual rates)………………………………………………………………… 52.9 53.6 57.3 45.9 52.3 52.9 56.0 56.0# 55.0#IBTS BEA 35. Improvements………………………………………………………………………………………………………………………………… 156.1 .... .... .... 156.4 .... .... .... 158.0 NIPA .... Building material and garden equipment and supplies dealers' retail sales (millions of dollars at monthly and quarterly rates)………………………………………………… 72,041.0 23,897.0 24,286.0 24,940.0 73,123.0 24,598.0 24,796.0* 24,796.0* 74,190.0*Census Census Aggregate weekly payrolls of production workers for residential remodelers (thousands of dollars)……………………………………………………………………………………………………… 119,361.6 121,610.3 115,002.5 117,395.9 118,002.9 116,950.3 119,468.3 119,467.1# 118,628.6#BLS BEA 36. Brokers' commissions on sale of structures…………………………………………………………………………………………………………………… 61.8 .... .... .... 65.1 .... .... .... 66.8 NIPA .... Existing home sales (thousands of units at annual rates)……………………………………………………………………………… 4,494.0* 4,576.0* 4,969.0* 4,517.0* 4,687.0* 4,943.0* 4,956.0* 4,806.0* 4,902.0*NAR BEA Average sales price of existing homes (thousands of dollars)…………… 229.8 236.2 233.1 226.6 232.0 224.5 227.9* 231.4* 227.9*NAR …. New home sales (thousands of units at annual rates)…………………………………………………………………………………………… 362.0 366.0 367.0 379.0* 371.0* 364.0* 398.0* 369.0* 377.0*Census Census Average sales price of new homes (thousands of dollars)………………………………………………………………………………… 280.2 282.3 305.5 297.7* 295.2* 281.1* 289.9* 304.0* 291.7*Census …. 37. Other…………………………………………………………………………………………………………………… 8.5 .... .... .... 8.6 .... .... .... 8.7 NIPA .... Change in private inventories \12\…………………………………………………………………………………………………………………… 54.8 .... .... .... 82.3 .... .... .... 32.8 NIPA .... Farm……………………………………………………………………………………………………………………………………………………………… -12.7 .... .... .... -26.5 .... .... .... -22.3 NIPA .... Mining, utilities, and construction…………………………………………………………………………………………………………………… 3.8 .... .... .... -5.9 .... .... .... 7.7 NIPA .... 38. Manufacturing and trade (excludes nonmerchant wholesalers) 54.8 158.7 77.6 55.9 97.4 20.6 44.8 51.6 39.0 NIPA .... Manufacturing………………………………………………………………………………………………………………………………… -2.0 53.9 45.5 38.1 45.8 -4.7 -1.5 12.0 1.9 NIPA .... Merchant wholesalers…………………………………………………………………………………………………………………… 22.4 44.8 14.2 28.3 29.1 7.1 35.4 38.1 26.9 NIPA .... Retail…………………………………………………………………………………………………………………………………………………… 34.3 59.9 17.8 -10.4 22.4 18.2 10.9 1.5 10.2 NIPA .... Motor vehicle and parts dealers \13\…………………………………………………………………………………………………………………… 23.9 43.0 21.1 3.8 22.6 7.1 6.7 -7.0 2.3 NIPA .... Other retail………………………………………………………………………………………………………………………………………. 10.4 16.9 -3.3 -14.2 -0.2 11.0 4.3 8.5 7.9 NIPA .... Nonmerchant wholesalers…………………………………………………………………………………………………………………… -3.4 .... .... .... 12.8 .... .... .... 4.9 NIPA .... Other industries………………………………………………………………………………………………………………………………………. 12.3 .... .... .... 4.5 .... .... .... 3.5 NIPA .... Change in inventories (at monthly and quarterly rates) \14\: Manufacturing and trade…………………………………………………………………………………………………………………… 11.6* 11.7* 9.0* 10.3* 31.0* 5.5* 3.9* 4.1# 13.5#Census Census-BEA Manufacturing……………………………………………………………………………………………………………………………………….. -2.4* 3.2* 3.6* 3.7* 10.5* 0.1* -0.3* 0.9# 0.7#Census Census-BEA Durable goods……………………………………………………………………………………………………………………………………. 3.8* 2.8* 2.2* 0.8* 5.8* 1.5* 0.6* -0.1* 2.0*Census Census-BEA Nondurable goods……………………………………………………………………………………………………………………………. -6.2* 0.4* 1.4* 3.0* 4.7* -1.4* -0.8* 1.0# -1.2#Census Census-BEA Merchant wholesalers………………………………………………………………………………………………………………………… 2.7* 3.0* 3.0* 5.2* 11.2* 2.4* 2.9* 3.3# 8.6#Census Census-BEA Motor vehicle & motor vehicle parts & supplies…………………………………………………………………………………………………………………… 1.4* 0.2* -0.1* -0.4* -0.3* 0.2* 0.2* 0.3# 0.7#Census Census-BEA Other wholesalers……………………………………………………………………………………………………………………………….. 1.3* 2.9* 3.1* 5.6* 11.5* 2.2* 2.7* 2.9# 7.9#Census Census-BEA Retail…………………………………………………………………………………………………………………………………………………………….. 11.3* 5.4* 2.4* 1.4* 9.3* 3.0* 1.3* -0.1# 4.2#Census Census-BEA Motor vehicle and parts dealers…………………………………………………………………………………………………………………… 8.6* 3.8* 2.0* 1.6* 7.4* 1.5* 0.8* -0.9# 1.3#Census Census-BEA Other retail………………………………………………………………………………………………………………………………………….…. 2.7* 1.7* 0.4* -0.2* 1.9* 1.5* 0.5* 0.8# 2.8#Census Census-BEA 39. Inventory valuation adjustment: Nonfarm…………………………………………………………………………………………………………………………………………………. 24.8 9.4 -41.7 -68.9 -33.7 -52.9 -12.8 -14.5 -26.7 NIPA .... Manufacturing and trade…………………………………………………………………………………………………………………… 15.3 12.4 -35.0 -59.5 -27.3 -33.1 4.5 2.9 -8.5 NIPA .... PPI, farm products (2005=100)…………………………………………………………………………………………………………………… 137.8 141.7 145.1 145.5 144.1 146.6* 147.8* 146.5* 147.0*BLS BEA PPI, petroleum products (2005=100)…………………………………………………………………………………………………………………… 184.7 169.4 180.5 201.1 183.7 202.2* 186.3* 190.2* 192.9*BLS BEA PPI, industrial commodities (2005=100)…………………………………………………………………………………………………………………… 126.3 124.6 126.1 127.3 126.0 126.6* 125.2* 125.1* 125.6*BLS BEA Refiner crude acquisition cost (2005=100)…………………………………………………………………………………………………………………… 196.6 179.2 186.3 208.8 191.5 189.6 192.8# 192.8# 191.7#EIA BEA 40. Unit change in motor vehicle inventories (millions of units): Autos………………………………………………………………………………………………………………………………………………………. 0.6 1.2 0.6 -0.5 0.4 -0.1 -0.1 -0.1# -0.1#Ward's-BEA .... Light trucks………………………………………………………………………………………………………………………………………….. 0.6 0.8 0.4 -0.4 0.3 -0.1 0.0 -0.1# 0.0#Ward's-BEA BEA Net exports of goods and services…………………………………………………………………………………………………………………… -576.9 .... .... .... -516.8 .... .... .... -557.1 NIPA .... Exports…………………………………………………………………………………………………………………………………………………………………. 2,188.5 .... .... .... 2,198.7 .... .... .... 2,173.7 NIPA .... 41. Goods……………………………………………………………………………………………………………………………………………………. 1,550.5 .... .... .... 1,555.1 .... .... .... 1,527.0 NIPA .... U.S. exports of goods, international-transactions- accounts basis (annual rates…………………………………………………………………………………………………………………… 1,576.5 1,568.7* 1,544.7* 1,607.4* 1,573.6* 1,532.1* 1,551.7* 1,550.3# 1,544.7#Census-BEA Census-BEA Agricultural goods…………………………………………………………………………………………………………………………… 146.9 166.5 152.6 168.6 162.6 148.5 143.9* 142.9# 145.1#Census-BEA Census-BEA Nonagricultural goods…………………………………………………………………………………………………………………… 1,429.6 1,402.1* 1,392.1* 1,438.8* 1,411.0* 1,383.6* 1,407.8* 1,407.4# 1,399.6#Census-BEA Census-BEA Of which: Capital goods, except automotive……………………………………………………………………………………………………………… 525.1 529.5 534.3 539.1 534.3 516.9 528.1* 531.4# 525.5#Census-BEA Census-BEA 42. Services………………………………………………………………………………………………………………………………………………… 637.9 .... .... .... 643.5 .... .... .... 646.7 NIPA .... U.S. exports of services, international-transactions- accounts basis (annual rates)…………………………………………………………………………………………………………………… 630.2 633.3* 635.6* 640.5* 636.5* 637.6* 639.0* 643.2# 639.9#BEA BEA Imports……………………………………………………………………………………………………………………………………………………………. 2,765.4 .... .... .... 2,715.5 .... .... .... 2,730.8 NIPA .... 43. Goods………………………………………………………………………………………………………………………………………………… 2,312.4 .... .... .... 2,260.6 .... .... .... 2,279.5 NIPA .... U.S. imports of goods, international-transactions- accounts basis (annual rates)…………………………………………………………………………………………………………………… 2,319.4 2,261.2* 2,251.0* 2,295.3* 2,269.2* 2,241.2* 2,340.2* 2,300.8# 2,294.0#Census-BEA Census-BEA Petroleum and products…………………………………………………………………………………………………………………… 445.3 389.2* 408.3* 410.9* 402.8* 440.5* 428.9* 433.9# 434.4#Census-BEA Census-BEA Nonpetroleum goods…………………………………………………………………………………………………………………….. 1,874.1 1,872.1 1,842.7 1,884.4 1,866.4 1,800.7 1,911.3* 1,866.9# 1,859.6#Census-BEA Census-BEA Of which: Capital goods, except automotive……………………………………………………………………………………………………………… 559.4 547.4 542.0 549.0 546.2 544.1 548.7* 543.8# 545.5#Census-BEA Census-BEA 44. Services……………………………………………………………………………………………………………………………………………… 453.0 .... .... .... 454.9 .... .... .... 451.3 NIPA .... U.S. imports of services, international-transactions- accounts basis (annual rates)…………………………………………………………………………………………………………………… 437.0 440.3* 440.3* 436.0* 438.9* 433.3* 435.2* 437.5# 435.4#BEA BEA Government consumption expenditures and gross investment……………………………………………………………………………………………………………………………………….. 3,053.7 .... .... .... 3,093.3 .... .... .... 3,052.9 NIPA .... Federal…………………………………………………………………………………………………………………………………………………………… 1,210.7 .... .... .... 1,241.4 .... .... .... 1,197.1 NIPA .... 45. National defense \15\………………………………………………………………………………………………………………….… 807.8 .... .... .... 834.5 .... .... .... 787.7 NIPA .... DOD military outlays (not seasonally adjusted at monthly and quarterly rates) 154.9 49.3 61.5 49.7 160.5 62.5 53.8 50.1 166.5*DT .... 46. Nondefense \16\………………………………………………………………………………………………………………………………. 402.9 .... .... .... 406.8 .... .... .... 409.4 NIPA .... Outlays other than DOD military (not seasonally adjusted at monthly and quarterly rates)…………………………………………… 730.0 204.9 307.8 136.7 649.4 241.8 280.1 219.6 741.4 DT .... State and local………………………………………………………………………………………………………………………………………….. 1,843.0 .... .... .... 1,851.9 .... .... .... 1,855.8 NIPA .... Consumption expenditures…………………………………………………………………………………………………………………… 1,525.5 .... .... .... 1,532.4 .... .... .... 1,534.4 NIPA .... 47. Compensation of general government employees…………………………………………………………………………………………………………………… 1,085.1 .... .... .... 1,091.4 .... .... .... 1,093.7 NIPA .... Employment (thousands)…………………………………………………………………………………………………………………… 19,132.7 19,142.2 19,195.0 19,204.6 19,180.6 19,144.8 19,141.4* 19,131.2* 19,139.1*BLS BLS Employment cost index (December 2005=100) \16\………………………………………………………………………………………………………… .... .... .... 115.8 .... .... .... 116.1# .... BLS .... Gross investment………………………………………………………………………………………………………………………………………. 317.5 .... .... .... 319.5 .... .... .... 321.4 NIPA .... 48. Structures……………………………………………………………………………………………………………………………………………. 251.6 .... .... .... 253.6 .... .... .... 254.2 NIPA .... Construction spending (value put in place) (annual rates)…………………………………………………………………………… 250.0 249.4 252.6 251.0 251.0 251.5* 251.7* 251.6# 251.6#Census Census 49. Equipment………………………………………………………………………………………………………………………………………….. 65.9 .... .... .... 65.9 .... .... .... 67.3 NIPA .... # Assumption for missing source data. * Estimate subject to revision. 1. See NIPA Handbook, Chapter 5: Personal Consumption Expenditures, for a detailed discussion of the concepts, source data, and estimating methods. 2. Food services and drinking places receipts are no longer included in the calculation of the retail control measure. Estimates of personal consumption expenditures for food services are prepared separately with data on food services and drinking places from the Census Bureau's Advance Monthly Retail Trade Survey. 3. For more information, see FAQ 315 "How is BEA using the Census Bureau's quarterly services survey in its estimates of personal consumption expenditures?" 4. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households 5. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 6. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees 7. See NIPA Handbook, Chapter 6: Fixed Investment, for a detailed discussion of the concepts, source data, and estimating methods. 8. Other structures excludes brokers' commissions and net purchases of used structures. 9. NIPA purchases of equipment and software and the Census shipments series differ primarily because the NIPA series cover only business purchases on capital account, including purchases of imported equipment. The Census series include some current-account purchases, mainly parts; include purchases by government, rest of the world, and persons; and exclude imported equipment. 10. Beginning with the "advance" estimate for the third quarter of 2011, the current quarterly estimates of private fixed investment in aircraft are based on data from the Census Bureau's Manufacturers' Shipments, Inventories, and Orders (M3) on nondefense aircraft shipments. Previously, the estimates were based on aircraft data from the Census Bureau's Current Industrial Report program, which was discontinued in 2011. For more information see FAQ #1005. 11. The value of single-family structures put in place is estimated by Census using data on the number of 1-unit structures started in the current and earlier months; the value of multifamily structures put in place is directly measu 12. See NIPA Handbook, Chapter 7: Change in Private Inventories, for a detailed discussion of the concepts, source data, and estimating methods. 13. NIPA estimates of change in private inventories for retail motor vehicle dealers are primarily based on trade source data on units produced and sold. 14. Historical source data may reflect concurrent seasonal adjustment factors that are computed in conjunction with the GDP release. 15. NIPA national defense consumption expenditures and gross investment differs from DOD military outlays in the Monthly Treasury Statement primarily because of coverage and timing. The DOD series does not cover defense atomic energy-related expenditures by the Department of Energy or consumption of general government fixed capital; the NIPA series covers these expenditures. The DOD series records all transactions on a checks-issued basis; the NIPA series reflects gross investment in equipment on a delivery basis and compensation on an accrual basis. The NIPA series is also adjusted to remove seasonal variation. 16. NIPA nondefense consumption expenditures and gross investment differs from outlays other than DOD in the Monthly Treasury Statement primarily because of coverage. The outlays series covers expenditures-- outlays for goods, services, and structures from business and from the rest of the world and compensation of federal government employees--as well as government social benefits, grants-in-aid to state and local governments, other current transfer payments to the rest of the world, interest paid, and subsidies. It also covers defense atomic energy-related expenditures by the Department of Energy, which are classified as NIPA national defense consumption expenditures. The outlays series does not include consumption of general government fixed capital, and the NIPA series does. The NIPA series are also adjusted to remove seasonal variation. 17. Employment cost index for wages and salaries is published each year for the months of March, June, September, and December. red.