- Real GDP increased at an annual rate of 4.1% in the second quarter of 2018, according to the “advance” estimate by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2%.
- Real final sales of domestic product (GDP less change in private inventories) increased 5.1% in the second quarter, in contrast to an increase of 1.9% in the first quarter.
- The price index for gross domestic purchases increased 2.3% in the second quarter, compared with an increase of 2.5% in the previous quarter.
- The personal consumption expenditures (PCE) price index increased 1.8%, compared with an increase of 2.5% in the previous quarter. Excluding food and energy prices, the PCE price index increased 2.0%, compared with an increase of 2.2%.
- Personal income increased 0.4% in June. Disposable personal income (DPI) increased 0.4% and personal consumption expenditures (PCE) also increased 0.4%. Real DPI increased 0.3% in June and real PCE increased 0.3%.
- The PCE price index increased 0.1%. Excluding food and energy, the PCE price index increased 0.1%. The PCE price index increased 2.2% from a year ago, while the PCE price index excluding food and energy increased 1.9%.
- Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018, according to the U.S. Bureau of Economic Analysis. Real GDP by state growth in the first quarter ranged from 3.6% in Washington to negative 0.6% in North Dakota.
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