· Real GDP increased at an annual rate of 2.0% in the first quarter of 2018, according to the “third” estimate by the Bureau of Economic Analysis. In the fourth quarter of 2017, real GDP increased 2.2%.
· The GDP price index increased 2.2% in the first quarter of 2018, compared with an increase of 1.9% in the previous quarter.
· Personal income increased 0.4% in May, following a 0.3% increase in the previous month. Personal consumption expenditures increased 0.2%, after increasing 0.6% in the previous month. The price index for personal consumption expenditures increased 0.2%, the same increase as in the previous month. The core index increased 0.2%, the same increase as in the previous month. The price index for personal consumption expenditures was up 2.3% from May 2017. The core index was up 2.0% from a year ago.