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Macroeconomic Indicators - Third Quarter 2004


   
  Last Five Years Last Five Quarters
1999 2000 2001 2002 2003 Q3-03 Q4-03 Q1-04 Q2-04 Q3-04
Annual change, real GDP 4.5 3.7 0.8 1.9 3.0 7.4 4.2 4.5 3.3 3.7
Real personal consumption expenditures (billions of dollars)* 6438.6 6739.4 6910.4 7123.4 7355.5 7401.7 7466.8 7543.0 7572.4 7658.9
Real gross private fixed investment (billions of dollars)* 1642.6 1735.5 1598.4 1560.7 1628.8 1659.4 1714.1 1764.5 1842.9 1866.3
Federal government surplus or deficit (billions of dollars) 103.7 189.5 46.7 -254.5 -364.6 -433.0 -379.2 -391.0 -382.9 --
Real exports of goods and services (billions of dollars)* 1008.2 1096.3 1036.7 1012.4 1031.8 1033.8 1076.2 1095.4 1114.8 1128.8
Real imports of goods and services (billions of dollars)* 1304.4 1475.8 1435.8 1484.4 1550.3 1542.5 1604.5 1645.5 1695.1 1726.8
Corporate profits after tax (billions of dollars) 592.7 552.8 563.2 690.7 786.2 818.4 876.8 909.1 902.7 --
Nonfarm business sector output per hour for all persons (1992 = 100) 112.2 115.3 117.8 123.6 129.1 130.6 131.7 132.8 134.1 134.7
Employment Cost Index: private sector wages and salaries (1989 = 100) 140.3 146.0 151.4 156.4 161.0 161.7 162.5 163.5 164.4 165.8
Employment Cost Index: private sector benefits (1989 = 100) 147.6 156.0 163.7 171.7 182.5 183.8 186.3 191.2 194.5 196.4

*Chained 2000 dollars
Note: Seasonally adjusted.
Sources: U.S. Bureau of Economic Analysis; U.S. Bureau of Labor Statistics.

  Last Five Years Last Five Months
1999 2000 2001 2002 2003 May June July Aug Sept
Unemployment rate (seasonally adjusted) 4.2 4.0 4.8 5.8 6.0 5.6 5.6 5.5 5.4 5.4
Civilian employment - 16 years and older (millions, seasonally adjusted) 133.5 136.9 136.9 136.5 137.7 138.8 139.0 139.7 139.7 139.5
Civilian unemployed - 15 weeks and over (millions, seasonally adjusted) 1.5 1.3 1.8 2.9 3.4 3.1 3.1 2.9 2.9 3.0
Nonfarm payrolls (millions, seasonally adjusted) 129.0 131.8 131.8 130.3 129.9 131.2 131.3 131.3 131.5 131.6
Producer Price Index (1982 = 100) 125.5 132.7 134.2 131.1 138.1 146.6 147.1 147.6 147.9 147.7
Consumer Price Index (seasonally adjusted, 1982 = 100) 166.6 172.2 177.0 179.9 184.0 188.8 189.4 189.3 189.4 189.7
Consumer Sentiment Survey (1966 = 100) 105.8 107.6 89.2 89.6 87.6 90.2 95.6 96.7 95.9 94.2
Spot Oil Price per barrel: West Texas Intermediate Crude 19.25 30.30 25.92 26.10 31.14 40.28 38.02 40.69 44.94 45.95
ISM Purchasing Managers Index - manufacturing composite (seasonally adjusted) 54.6 51.7 43.9 52.4 53.3 62.8 61.1 62.0 59.0 58.5
Industrial production (1997 = 100, seasonally adjusted) 110.6 115.4 111.5 110.9 111.1 116.2 115.9 116.7 116.5 116.7
M2 money stock (billions of dollars, seasonally adjusted) 4526.0 4802.2 5220.2 5615.3 5999.4 6289.6 6299.1 6292.0 6300.7 6330.2
3-month Treasury bills (secondary market rate) 4.64 5.82 3.39 1.60 1.01 1.02 1.27 1.33 1.48 1.65
10-year Treasury note (constant maturity rate) 5.64 6.03 5.02 4.61 4.02 4.72 4.73 4.50 4.28 4.13

Sources: Board of Governors of the Federal Reserve System; Dow Jones Energy Service; Institute for Supply Management; U.S. Bureau of Labor Statistics; University of Michigan's Survey of Consumers.

 

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