[Economic Indicators July, 2024]
[Page Number 56]
[From the U.S. Government Publishing Office, www.gpo.gov]




	
		
		2024_July_2
	
	
		118th Congress, 2nd Session
		Economic Indicators
		JULY 2024
		(Includes data available as of August 6, 2024)
		Prepared for the Joint Economic Committee by the 
		Council of Economic Advisers
		United states
		government Publishing office
		washington : 2024
		JOINT ECONOMIC COMMITTEE(Created pursuant to Sec. 5(a) of Public Law 304, 79th Cong.)
			Senate	House of Representatives
		
		COUNCIL OF ECONOMIC ADVISERS
		Jared Bernstein, ChairHeather M. Boushey, MemberC. Kirabo Jackson, Member
		[Public Law 120â81st Congress; Chapter 237â1st Session]
		JOINT RESOLUTION [S.J. Res. 55]
		To print the monthly publication entitled âEconomic Indicatorsâ
		Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Joint Economic Committee be authorized to issue a monthly publication entitled âEconomic Indicators,â and that a sufficient quantity be printed to furnish one copy to each Member of Congress; the Secretary and the Sergeant at Arms of the Senate; the Clerk, Sergeant at Arms, and Doorkeeper of the House of Representatives; two copies to the libraries of the Senate and House, and the Congressional Library; seven hundred copies to the Joint Economic Committee; and the required numbers of copies to the Superintendent of Documents for distribution to depository libraries; and that the Superintendent of Documents be authorized to have copies printed for sale to the public.
		Approved June 23, 1949.
		Charts prepared under the direction of the Mail and Multimedia Division,Office of the Secretary, Department of Commerce.
		Senator Martin Heinrich, New Mexico, Chairman
		Representative David Schweikert, Arizona, Vice Chairman
		Amy Klobuchar, Minnesota
		Margaret Wood Hassan, New Hampshire
		Mark Kelly, Arizona
		Peter Welch, Vermont
		John Fetterman, Pennsylvania
		Mike Lee, Utah
		Tom Cotton, Arkansas
		Eric Schmitt, Missouri
		J.D. Vance, Ohio
			
		
			
		
		Monthly issues of Economic Indicators in PDF form,and tables in Excel, are available online at:
		www.gpo.gov/economicindicators
		To subscribe to the print edition, $58.00 per year ($81.20 outside the United States),contact the U.S. Government Publishing Office at 202-512-1800, www.gpo.gov/economicindicators, or:
		Superintendent of Documents
		U.S. Government Publishing Office
		Mail Stop: IDCC
		Washington, DC 20402-9328
		Jodey C. Arrington, Texas
		Ron Estes, Kansas
		A. Drew Ferguson IV, Georgia
		Lloyd K. Smucker, Pennsylvania
		Nicole Malliotakis, New York
		Donald S. Beyer, Jr., Virginia
		David Trone, Maryland
		Gwen Moore, Wisconsin
		Katie Porter, California
		
		Total Output, Income, and Spending
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Gross Domestic Product
					
				
				
					
						[Billions of current dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Grossdomesticproduct
					
					
						Personalconsumption expenditures
					
					
						Grossprivatedomesticinvestment
					
					
						Exports and imports ofgoods and services
					
					
						Government consumption expendituresand gross investment
					
					
						Finalsales ofdomesticproduct
					
					
						Grossdomesticpurchases 1
					
					
						Addendum:Grossnationalproduct 
					
				
				
					
						Netexports
					
					
						Exports
					
					
						Imports
					
					
						Total
					
					
						Federal
					
					
						Stateandlocal
					
				
				
					
						Total
					
					
						Nationaldefense
					
					
						Nondefense
					
				
				
					
						2014 
					
					
						17,608.1
					
					
						11,874.5
					
					
						3,074.0
					
					
						â508.9
					
					
						2,378.5
					
					
						2,887.4
					
					
						3,168.6
					
					
						1,217.1
					
					
						744.1
					
					
						473.0
					
					
						1,951.5
					
					
						17,523.3
					
					
						18,117.0
					
					
						17,843.3
					
				
				
					
						2015 
					
					
						18,295.0
					
					
						12,297.4
					
					
						3,288.5
					
					
						â524.3
					
					
						2,270.6
					
					
						2,794.9
					
					
						3,233.4
					
					
						1,222.8
					
					
						730.4
					
					
						492.4
					
					
						2,010.6
					
					
						18,154.9
					
					
						18,819.3
					
					
						18,515.1
					
				
				
					
						2016 
					
					
						18,804.9
					
					
						12,726.8
					
					
						3,278.3
					
					
						â503.3
					
					
						2,235.6
					
					
						2,738.8
					
					
						3,303.0
					
					
						1,237.4
					
					
						729.4
					
					
						507.9
					
					
						2,065.7
					
					
						18,765.8
					
					
						19,308.2
					
					
						19,036.3
					
				
				
					
						2017 
					
					
						19,612.1
					
					
						13,290.6
					
					
						3,467.7
					
					
						â543.3
					
					
						2,388.3
					
					
						2,931.6
					
					
						3,397.1
					
					
						1,266.1
					
					
						748.3
					
					
						517.8
					
					
						2,131.1
					
					
						19,579.4
					
					
						20,155.4
					
					
						19,905.1
					
				
				
					
						2018 
					
					
						20,656.5
					
					
						13,934.4
					
					
						3,724.8
					
					
						â593.1
					
					
						2,538.1
					
					
						3,131.2
					
					
						3,590.4
					
					
						1,346.3
					
					
						795.1
					
					
						551.2
					
					
						2,244.1
					
					
						20,600.1
					
					
						21,249.6
					
					
						20,946.8
					
				
				
					
						2019 
					
					
						21,521.4
					
					
						14,417.6
					
					
						3,892.4
					
					
						â578.5
					
					
						2,538.5
					
					
						3,117.0
					
					
						3,789.9
					
					
						1,422.2
					
					
						851.1
					
					
						571.1
					
					
						2,367.7
					
					
						21,449.2
					
					
						22,099.9
					
					
						21,803.3
					
				
				
					
						2020 
					
					
						21,323.0
					
					
						14,206.2
					
					
						3,748.4
					
					
						â626.4
					
					
						2,150.1
					
					
						2,776.5
					
					
						3,994.8
					
					
						1,523.4
					
					
						884.6
					
					
						638.8
					
					
						2,471.3
					
					
						21,360.5
					
					
						21,949.3
					
					
						21,537.8
					
				
				
					
						2021 
					
					
						23,594.0
					
					
						16,043.0
					
					
						4,216.3
					
					
						â858.2
					
					
						2,550.0
					
					
						3,408.3
					
					
						4,193.1
					
					
						1,594.3
					
					
						898.6
					
					
						695.7
					
					
						2,598.7
					
					
						23,582.4
					
					
						24,452.3
					
					
						23,777.6
					
				
				
					
						2022 
					
					
						25,744.1
					
					
						17,511.7
					
					
						4,756.6
					
					
						â971.1
					
					
						2,995.0
					
					
						3,966.2
					
					
						4,446.8
					
					
						1,635.5
					
					
						928.4
					
					
						707.1
					
					
						2,811.3
					
					
						25,586.8
					
					
						26,715.2
					
					
						25,926.0
					
				
				
					
						2023 
					
					
						27,360.9
					
					
						18,570.6
					
					
						4,843.9
					
					
						â798.7
					
					
						3,027.2
					
					
						3,825.9
					
					
						4,745.1
					
					
						1,771.7
					
					
						994.7
					
					
						777.0
					
					
						2,973.4
					
					
						27,307.3
					
					
						28,159.6
					
					
						27,525.1
					
				
				
					
						2022: I 
					
					
						25,029.1
					
					
						17,030.6
					
					
						4,766.8
					
					
						â1,089.7
					
					
						2,837.6
					
					
						3,927.3
					
					
						4,321.4
					
					
						1,601.7
					
					
						902.6
					
					
						699.1
					
					
						2,719.7
					
					
						24,780.1
					
					
						26,118.8
					
					
						25,177.8
					
				
				
					
						      II 
					
					
						25,544.3
					
					
						17,415.1
					
					
						4,739.0
					
					
						â1,025.6
					
					
						3,044.3
					
					
						4,069.8
					
					
						4,415.7
					
					
						1,612.3
					
					
						924.5
					
					
						687.7
					
					
						2,803.4
					
					
						25,424.1
					
					
						26,569.8
					
					
						25,746.3
					
				
				
					
						      III 
					
					
						25,994.6
					
					
						17,684.2
					
					
						4,724.6
					
					
						â892.0
					
					
						3,084.5
					
					
						3,976.5
					
					
						4,477.9
					
					
						1,636.3
					
					
						930.4
					
					
						705.9
					
					
						2,841.5
					
					
						25,912.3
					
					
						26,886.7
					
					
						26,185.9
					
				
				
					
						      IV 
					
					
						26,408.4
					
					
						17,917.0
					
					
						4,796.2
					
					
						â877.2
					
					
						3,013.8
					
					
						3,891.0
					
					
						4,572.4
					
					
						1,691.8
					
					
						956.2
					
					
						735.5
					
					
						2,880.6
					
					
						26,230.7
					
					
						27,285.6
					
					
						26,594.0
					
				
				
					
						2023: I 
					
					
						26,813.6
					
					
						18,269.6
					
					
						4,725.8
					
					
						â825.7
					
					
						3,064.8
					
					
						3,890.5
					
					
						4,643.9
					
					
						1,730.6
					
					
						968.7
					
					
						761.9
					
					
						2,913.2
					
					
						26,789.9
					
					
						27,639.3
					
					
						26,972.5
					
				
				
					
						      II 
					
					
						27,063.0
					
					
						18,419.0
					
					
						4,780.3
					
					
						â806.1
					
					
						2,961.8
					
					
						3,767.9
					
					
						4,669.8
					
					
						1,744.3
					
					
						978.9
					
					
						765.5
					
					
						2,925.5
					
					
						27,044.5
					
					
						27,869.1
					
					
						27,236.1
					
				
				
					
						      III 
					
					
						27,610.1
					
					
						18,679.5
					
					
						4,915.0
					
					
						â779.2
					
					
						3,030.8
					
					
						3,810.0
					
					
						4,794.8
					
					
						1,791.9
					
					
						1,009.1
					
					
						782.8
					
					
						3,002.9
					
					
						27,508.1
					
					
						28,389.4
					
					
						27,774.2
					
				
				
					
						      IV 
					
					
						27,957.0
					
					
						18,914.5
					
					
						4,954.4
					
					
						â783.7
					
					
						3,051.7
					
					
						3,835.4
					
					
						4,871.8
					
					
						1,820.0
					
					
						1,022.0
					
					
						798.0
					
					
						3,051.8
					
					
						27,886.9
					
					
						28,740.7
					
					
						28,117.8
					
				
				
					
						2024: I 
					
					
						28,269.2
					
					
						19,142.5
					
					
						5,020.5
					
					
						â834.9
					
					
						3,084.8
					
					
						3,919.7
					
					
						4,941.0
					
					
						1,837.4
					
					
						1,030.1
					
					
						807.3
					
					
						3,103.6
					
					
						28,233.2
					
					
						29,104.1
					
					
						28,417.3
					
				
				
					
						      II p 
					
					
						28,629.2
					
					
						19,377.7
					
					
						5,144.6
					
					
						â894.4
					
					
						3,117.9
					
					
						4,012.3
					
					
						5,001.2
					
					
						1,863.8
					
					
						1,048.2
					
					
						815.7
					
					
						3,137.4
					
					
						28,536.3
					
					
						29,523.5
					
					
				
				
					
						1 GDP less exports of goods and services plus imports of goods and services.  
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		In the second quarter of 2024, according to advance estimates, real gross domestic product (GDP) in chained (2017) dollars rose 2.8 percent (annual rate), current dollar GDP rose 5.2 percent, and the chained price index rose 2.3 percent. 
		Personal income rose $50.3 billion (annual rate) in June, following an increase of $98.7 billion in May. Wages and salaries rose $36.4 billion in June, following an increase of $76.1 billion in May.
		According to advance estimates, per capita disposable personal income in chained (2017) dollars rose 0.5 percent (annual rate) in the second quarter of 2024.
		According to the preliminary forecast for 2024, gross farm income in chained (2024) dollars is forecast to be $571.2 billion and net farm income to be $116.1 billion.
		In the first quarter of 2024, according to current estimates, corporate profits before tax rose $101.1 billion (annual rate) and profits after tax rose $71.9 billion.
		In the second quarter of 2024, according to advance estimates, nonresidential fixed investment in chained (2017) dollars rose $42.5 billion (annual rate) and residential fixed investment fell $2.7 billion. Inventories rose $71.3 billion, following an increase of $28.6 billion in the fourth quarter.
		In July, unemployment as measured by the household survey rose 352,000 to 7.2 million.
		In July, the unemployment rate rose to 4.3 percent.
		In July, the percentage of the unemployed who had been out of work for less than 5 weeks rose, while the percentages for 5 to 14 weeks, for 15 to 26 weeks, and for 27 weeks and over fell. The mean duration of unemployment fell to 20.6 weeks and the median duration fell to 9.4 weeks.
		Total nonagricultural employment as measured by the payroll survey rose by 114,000 in July.
		Industrial production and capacity utilization rose in June.
		In May, according to preliminary estimates, manufacturing and trade sales were flat. In June, manufacturing and trade inventories rose $7.4 billion and retail inventories rose $5.8 billion. In June, retail sales fell 0.1 percent and retail and food services sales were flat.
		In June, manufacturersâ shipments rose, while inventories and new and unfilled orders fell.
		The producer price index for final demand rose 0.2 percent in June. Prices for final demand goods fell 0.5 percent and prices for final demand services rose 0.6 percent.
		In June, the consumer price index for all urban consumers fell 0.1 percent; it was flat percent before seasonal adjustment. The index rose 3.0 percent from its year-earlier level.
		In June, prices received by farmers rose 2.5 percent and prices paid by farmers fell 0.2 percent. (Data are not seasonally adjusted.)
		In June, M2 rose.
		Total commercial bank loans and leases rose 0.2 percent in June.
		Interest rates were mixed in July.
		Stock prices rose in July.
		In the first nine months of fiscal year 2024, the deficit was $1.3 trillion, compared with a deficit of $1.4 trillion a year earlier.
		In the first nine months of fiscal year 2024, receipts were $341.7 billion higher than a year earlier and outlays were $216.9 billion higher.
		In the second quarter of 2024, according to advance estimates, Federal current expenditures rose $85.0 billion (annual rate); while Federal current receipts are incomplete. 
		In the first quarter of 2024, the current account deficit widened to $237.6 billion from $221.8 billion in the fourth quarter. The goods and services deficit rose to $204.5 billion from $194.0 billion in the fourth quarter.
		In the financial account, U.S. net borrowing was $197.3 billion in the first quarter of 2024, resulting from a net increase in U.S. financial assets of $321.2 billion plus a net decrease in financial derivatives of $2.9 billion, less a net increase in U.S. liabilities of $515.6 billion. U.S. net borrowing was down from $235.9 billion in the fourth quarter.
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Real Gross Domestic Product
					
				
				
					
						[Billions of chained (2017) dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Grossdomesticproduct
					
					
						Personalconsumption expenditures
					
					
						Gross privatedomestic investment
					
					
						Exports and imports ofgoods and services
					
					
						Government consumption expendituresand gross investment
					
					
						Finalsales ofdomesticproduct
					
					
						Grossdomesticpurchases 1
					
					
						Addendum:Grossnationalproduct
					
				
				
					
						Nonresidentialfixedinvestment
					
					
						Residentialfixedinvestment
					
					
						Changein privateinventories
					
					
						Netexports
					
					
						Exports
					
					
						Imports
					
					
						Total
					
					
						Federal
					
					
						Stateandlocal
					
				
				
					
						Total
					
					
						National defense
					
					
						Nondefense
					
				
				
					
						2014 
					
					
						18,261.7
					
					
						12,226.4
					
					
						2,421.1
					
					
						626.8
					
					
						85.1
					
					
						â347.6
					
					
						2,275.8
					
					
						2,623.4
					
					
						3,247.3
					
					
						1,251.9
					
					
						760.4
					
					
						491.3
					
					
						1,995.3
					
					
						18,185.6
					
					
						18,602.0
					
					
						18,499.7
					
				
				
					
						2015 
					
					
						18,799.6
					
					
						12,638.8
					
					
						2,498.9
					
					
						693.2
					
					
						133.6
					
					
						â476.5
					
					
						2,283.1
					
					
						2,759.5
					
					
						3,313.6
					
					
						1,252.7
					
					
						744.9
					
					
						507.8
					
					
						2,060.8
					
					
						18,669.0
					
					
						19,276.0
					
					
						19,021.2
					
				
				
					
						2016 
					
					
						19,141.7
					
					
						12,949.0
					
					
						2,544.8
					
					
						742.2
					
					
						33.4
					
					
						â505.8
					
					
						2,293.9
					
					
						2,799.7
					
					
						3,378.5
					
					
						1,260.0
					
					
						741.1
					
					
						518.8
					
					
						2,118.5
					
					
						19,108.4
					
					
						19,647.5
					
					
						19,372.9
					
				
				
					
						2017 
					
					
						19,612.1
					
					
						13,290.6
					
					
						2,661.1
					
					
						773.9
					
					
						32.7
					
					
						â543.3
					
					
						2,388.3
					
					
						2,931.6
					
					
						3,397.1
					
					
						1,266.1
					
					
						748.3
					
					
						517.8
					
					
						2,131.1
					
					
						19,579.4
					
					
						20,155.4
					
					
						19,905.1
					
				
				
					
						2018 
					
					
						20,193.9
					
					
						13,654.9
					
					
						2,844.3
					
					
						768.5
					
					
						54.3
					
					
						â593.5
					
					
						2,456.4
					
					
						3,050.0
					
					
						3,465.0
					
					
						1,309.9
					
					
						774.6
					
					
						535.3
					
					
						2,155.2
					
					
						20,137.6
					
					
						20,787.5
					
					
						20,490.9
					
				
				
					
						2019 
					
					
						20,692.1
					
					
						13,928.3
					
					
						2,950.1
					
					
						761.3
					
					
						71.3
					
					
						â617.5
					
					
						2,469.0
					
					
						3,086.5
					
					
						3,601.4
					
					
						1,360.1
					
					
						815.9
					
					
						544.3
					
					
						2,241.3
					
					
						20,620.5
					
					
						21,310.1
					
					
						20,977.3
					
				
				
					
						2020 
					
					
						20,234.1
					
					
						13,577.0
					
					
						2,810.6
					
					
						816.2
					
					
						â29.9
					
					
						â663.4
					
					
						2,144.8
					
					
						2,808.3
					
					
						3,715.5
					
					
						1,442.6
					
					
						838.8
					
					
						603.7
					
					
						2,273.8
					
					
						20,260.8
					
					
						20,899.8
					
					
						20,451.9
					
				
				
					
						2021 
					
					
						21,407.7
					
					
						14,718.2
					
					
						2,975.5
					
					
						903.8
					
					
						12.5
					
					
						â933.8
					
					
						2,280.9
					
					
						3,214.7
					
					
						3,704.7
					
					
						1,462.4
					
					
						823.0
					
					
						639.3
					
					
						2,244.3
					
					
						21,380.6
					
					
						22,333.3
					
					
						21,590.4
					
				
				
					
						2022 
					
					
						21,822.0
					
					
						15,090.8
					
					
						3,131.6
					
					
						822.6
					
					
						128.1
					
					
						â1,051.0
					
					
						2,439.6
					
					
						3,490.6
					
					
						3,670.4
					
					
						1,420.9
					
					
						800.1
					
					
						620.6
					
					
						2,249.6
					
					
						21,661.2
					
					
						22,854.4
					
					
						21,992.7
					
				
				
					
						2023 
					
					
						22,376.9
					
					
						15,426.1
					
					
						3,271.7
					
					
						735.3
					
					
						43.7
					
					
						â928.1
					
					
						2,503.9
					
					
						3,432.0
					
					
						3,819.7
					
					
						1,480.7
					
					
						827.5
					
					
						653.2
					
					
						2,339.2
					
					
						22,290.3
					
					
						23,291.1
					
					
						22,528.5
					
				
				
					
						2022: I 
					
					
						21,738.9
					
					
						14,995.2
					
					
						3,080.0
					
					
						893.1
					
					
						197.0
					
					
						â1,141.1
					
					
						2,354.1
					
					
						3,495.2
					
					
						3,658.8
					
					
						1,420.9
					
					
						795.3
					
					
						625.6
					
					
						2,238.4
					
					
						21,497.3
					
					
						22,865.7
					
					
						21,884.3
					
				
				
					
						      II 
					
					
						21,708.2
					
					
						15,069.2
					
					
						3,120.0
					
					
						859.9
					
					
						92.7
					
					
						â1,116.2
					
					
						2,414.1
					
					
						3,530.3
					
					
						3,641.2
					
					
						1,406.9
					
					
						797.1
					
					
						609.6
					
					
						2,234.1
					
					
						21,579.0
					
					
						22,805.4
					
					
						21,896.5
					
				
				
					
						      III 
					
					
						21,851.1
					
					
						15,127.4
					
					
						3,156.3
					
					
						796.3
					
					
						70.7
					
					
						â981.2
					
					
						2,506.2
					
					
						3,487.4
					
					
						3,667.0
					
					
						1,411.2
					
					
						796.6
					
					
						614.5
					
					
						2,255.1
					
					
						21,758.5
					
					
						22,809.8
					
					
						22,028.6
					
				
				
					
						      IV 
					
					
						21,990.0
					
					
						15,171.4
					
					
						3,170.0
					
					
						741.2
					
					
						151.9
					
					
						â965.6
					
					
						2,484.1
					
					
						3,449.6
					
					
						3,714.8
					
					
						1,444.5
					
					
						811.5
					
					
						633.0
					
					
						2,270.8
					
					
						21,809.9
					
					
						22,936.7
					
					
						22,161.3
					
				
				
					
						2023: I 
					
					
						22,112.3
					
					
						15,312.9
					
					
						3,214.5
					
					
						731.1
					
					
						27.2
					
					
						â935.1
					
					
						2,525.4
					
					
						3,460.5
					
					
						3,758.8
					
					
						1,462.8
					
					
						815.4
					
					
						647.4
					
					
						2,296.5
					
					
						22,054.3
					
					
						23,028.5
					
					
						22,260.3
					
				
				
					
						      II 
					
					
						22,225.4
					
					
						15,343.6
					
					
						3,272.7
					
					
						727.1
					
					
						14.9
					
					
						â928.2
					
					
						2,464.7
					
					
						3,392.9
					
					
						3,789.8
					
					
						1,466.9
					
					
						820.1
					
					
						646.7
					
					
						2,323.0
					
					
						22,167.1
					
					
						23,140.9
					
					
						22,384.6
					
				
				
					
						      III 
					
					
						22,490.7
					
					
						15,461.4
					
					
						3,284.5
					
					
						738.9
					
					
						77.8
					
					
						â930.7
					
					
						2,497.3
					
					
						3,428.0
					
					
						3,843.4
					
					
						1,492.3
					
					
						836.8
					
					
						655.5
					
					
						2,351.4
					
					
						22,362.5
					
					
						23,409.0
					
					
						22,641.8
					
				
				
					
						      IV 
					
					
						22,679.3
					
					
						15,586.7
					
					
						3,314.9
					
					
						744.1
					
					
						54.9
					
					
						â918.5
					
					
						2,528.2
					
					
						3,446.8
					
					
						3,887.0
					
					
						1,501.0
					
					
						837.8
					
					
						663.2
					
					
						2,385.9
					
					
						22,577.5
					
					
						23,586.2
					
					
						22,827.2
					
				
				
					
						2024: I 
					
					
						22,758.8
					
					
						15,643.0
					
					
						3,351.1
					
					
						772.2
					
					
						28.6
					
					
						â960.3
					
					
						2,538.1
					
					
						3,498.4
					
					
						3,904.3
					
					
						1,500.1
					
					
						835.9
					
					
						664.2
					
					
						2,403.7
					
					
						22,680.5
					
					
						23,704.0
					
					
						22,895.5
					
				
				
					
						      II p 
					
					
						22,918.7
					
					
						15,733.1
					
					
						3,393.6
					
					
						769.5
					
					
						71.3
					
					
						â1,007.0
					
					
						2,550.6
					
					
						3,557.6
					
					
						3,934.0
					
					
						1,514.4
					
					
						846.5
					
					
						667.9
					
					
						2,419.1
					
					
						22,794.0
					
					
						23,907.5
					
					
				
				
					
						1 GDP less exports of goods and services plus imports of goods and services.  
					
				
				
					
						Note: Because of the formula used for calculating real GDP, the chained (2017) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. 
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Chained Price Indexes For Gross Domestic Product
					
				
				
					
						[Index numbers, 2017=100; quarterly data are seasonally adjusted]
					
				
				
					
						Period
					
					
						Grossdomesticproduct
					
					
						Personal consumptionexpenditures
					
					
						Gross privatedomestic investment
					
					
						Exports and imports ofgoods and services
					
					
						Government consumption expendituresand gross investment
					
				
				
					
						Total
					
					
						Goods
					
					
						Services
					
					
						Nonresidentialfixed
					
					
						Residentialfixed
					
					
						Exports
					
					
						Imports
					
					
						Federal
					
					
						Stateandlocal
					
				
				
					
						Total
					
					
						Nationaldefense
					
					
						Nondefense
					
				
				
					
						2014 
					
					
						96.436
					
					
						97.121
					
					
						104.542
					
					
						93.795
					
					
						100.170
					
					
						89.986
					
					
						104.515
					
					
						110.067
					
					
						97.215
					
					
						97.850
					
					
						96.287
					
					
						97.804
					
				
				
					
						2015 
					
					
						97.277
					
					
						97.299
					
					
						101.350
					
					
						95.462
					
					
						100.345
					
					
						92.454
					
					
						99.455
					
					
						101.283
					
					
						97.609
					
					
						98.053
					
					
						96.968
					
					
						97.567
					
				
				
					
						2016 
					
					
						98.208
					
					
						98.284
					
					
						99.710
					
					
						97.629
					
					
						99.380
					
					
						95.699
					
					
						97.457
					
					
						97.825
					
					
						98.205
					
					
						98.419
					
					
						97.897
					
					
						97.505
					
				
				
					
						2017 
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
				
				
					
						2018 
					
					
						102.290
					
					
						102.047
					
					
						100.811
					
					
						102.626
					
					
						100.427
					
					
						105.640
					
					
						103.325
					
					
						102.662
					
					
						102.775
					
					
						102.642
					
					
						102.968
					
					
						104.126
					
				
				
					
						2019 
					
					
						104.008
					
					
						103.513
					
					
						100.427
					
					
						104.972
					
					
						101.457
					
					
						108.656
					
					
						102.814
					
					
						100.987
					
					
						104.560
					
					
						104.312
					
					
						104.923
					
					
						105.640
					
				
				
					
						2020 
					
					
						105.407
					
					
						104.635
					
					
						99.646
					
					
						107.054
					
					
						102.092
					
					
						112.280
					
					
						100.247
					
					
						98.870
					
					
						105.599
					
					
						105.458
					
					
						105.806
					
					
						108.689
					
				
				
					
						2021 
					
					
						110.220
					
					
						109.001
					
					
						104.572
					
					
						111.103
					
					
						103.458
					
					
						124.606
					
					
						111.801
					
					
						106.025
					
					
						109.024
					
					
						109.181
					
					
						108.835
					
					
						115.792
					
				
				
					
						2022 
					
					
						117.996
					
					
						116.043
					
					
						113.548
					
					
						117.066
					
					
						109.624
					
					
						141.785
					
					
						122.767
					
					
						113.623
					
					
						115.108
					
					
						116.038
					
					
						113.924
					
					
						124.970
					
				
				
					
						2023 
					
					
						122.283
					
					
						120.380
					
					
						114.913
					
					
						122.977
					
					
						113.604
					
					
						145.787
					
					
						120.898
					
					
						111.467
					
					
						119.656
					
					
						120.205
					
					
						118.964
					
					
						127.113
					
				
				
					
						2022: I 
					
					
						115.182
					
					
						113.590
					
					
						111.150
					
					
						114.595
					
					
						107.151
					
					
						136.190
					
					
						120.553
					
					
						112.390
					
					
						112.724
					
					
						113.492
					
					
						111.748
					
					
						121.509
					
				
				
					
						      II 
					
					
						117.704
					
					
						115.577
					
					
						113.794
					
					
						116.220
					
					
						109.088
					
					
						141.165
					
					
						126.113
					
					
						115.293
					
					
						114.607
					
					
						115.990
					
					
						112.835
					
					
						125.490
					
				
				
					
						      III 
					
					
						118.980
					
					
						116.905
					
					
						114.613
					
					
						117.818
					
					
						110.693
					
					
						144.034
					
					
						123.078
					
					
						114.023
					
					
						115.966
					
					
						116.814
					
					
						114.890
					
					
						126.015
					
				
				
					
						      IV 
					
					
						120.115
					
					
						118.098
					
					
						114.637
					
					
						119.631
					
					
						111.566
					
					
						145.752
					
					
						121.326
					
					
						112.788
					
					
						117.135
					
					
						117.855
					
					
						116.225
					
					
						126.868
					
				
				
					
						2023: I 
					
					
						121.264
					
					
						119.309
					
					
						114.838
					
					
						121.377
					
					
						113.299
					
					
						144.813
					
					
						121.359
					
					
						112.419
					
					
						118.327
					
					
						118.823
					
					
						117.702
					
					
						126.866
					
				
				
					
						      II 
					
					
						121.789
					
					
						120.044
					
					
						114.905
					
					
						122.468
					
					
						113.355
					
					
						144.490
					
					
						120.169
					
					
						111.045
					
					
						118.933
					
					
						119.373
					
					
						118.377
					
					
						125.947
					
				
				
					
						      III 
					
					
						122.792
					
					
						120.814
					
					
						115.157
					
					
						123.513
					
					
						113.602
					
					
						146.195
					
					
						121.362
					
					
						111.137
					
					
						120.097
					
					
						120.614
					
					
						119.446
					
					
						127.717
					
				
				
					
						      IV 
					
					
						123.289
					
					
						121.351
					
					
						114.753
					
					
						124.552
					
					
						114.159
					
					
						147.649
					
					
						120.703
					
					
						111.268
					
					
						121.268
					
					
						122.009
					
					
						120.332
					
					
						127.924
					
				
				
					
						2024: I 
					
					
						124.227
					
					
						122.371
					
					
						114.601
					
					
						126.195
					
					
						114.674
					
					
						147.654
					
					
						121.539
					
					
						112.036
					
					
						122.501
					
					
						123.256
					
					
						121.547
					
					
						129.132
					
				
				
					
						      II p 
					
					
						124.930
					
					
						123.166
					
					
						114.791
					
					
						127.307
					
					
						115.079
					
					
						148.771
					
					
						122.243
					
					
						112.774
					
					
						123.087
					
					
						123.836
					
					
						122.140
					
					
						129.702
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Gross Domestic Product and Related Price Measures: Indexes and Percent Changes
					
				
				
					
						[Quarterly data are seasonally adjusted]
					
				
				
					
						Period
					
					
						Index numbers, 2017=100
					
					
						Percent change from preceding period 1
					
				
				
					
						Gross domestic product (GDP)
					
					
						Personal consumptionexpenditures (PCE)
					
					
						Gross domestic purchases price index
					
					
						Gross domestic product (GDP)
					
					
						Personal consumptionexpenditures (PCE)
					
					
						Gross domestic purchases price index
					
				
				
					
						Real GDP(chain-typequantityindex)
					
					
						GDPchain-typepriceindex
					
					
						GDPimplicitpricedeflator
					
					
						PCE(chain-typeprice index)
					
					
						PCEless foodand energyprice index
					
					
						GDP(currentdollars)
					
					
						Real GDP(chain-typequantityindex)
					
					
						GDPchain-typepriceindex
					
					
						GDPimplicitpricedeflator
					
					
						PCE(chain-typeprice index)
					
					
						PCEless foodand energyprice index
					
				
				
					
						2014 
					
					
						93.115
					
					
						96.436
					
					
						96.421
					
					
						97.121
					
					
						95.697
					
					
						97.408
					
					
						4.3
					
					
						2.5
					
					
						1.7
					
					
						1.7
					
					
						1.4
					
					
						1.5
					
					
						1.6
					
				
				
					
						2015 
					
					
						95.857
					
					
						97.277
					
					
						97.316
					
					
						97.299
					
					
						96.874
					
					
						97.593
					
					
						3.9
					
					
						2.9
					
					
						.9
					
					
						.9
					
					
						.2
					
					
						1.2
					
					
						.2
					
				
				
					
						2016 
					
					
						97.601
					
					
						98.208
					
					
						98.241
					
					
						98.284
					
					
						98.426
					
					
						98.241
					
					
						2.8
					
					
						1.8
					
					
						1.0
					
					
						1.0
					
					
						1.0
					
					
						1.6
					
					
						.7
					
				
				
					
						2017 
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						100.000
					
					
						4.3
					
					
						2.5
					
					
						1.8
					
					
						1.8
					
					
						1.7
					
					
						1.6
					
					
						1.8
					
				
				
					
						2018 
					
					
						102.967
					
					
						102.290
					
					
						102.291
					
					
						102.047
					
					
						101.897
					
					
						102.222
					
					
						5.3
					
					
						3.0
					
					
						2.3
					
					
						2.3
					
					
						2.0
					
					
						1.9
					
					
						2.2
					
				
				
					
						2019 
					
					
						105.507
					
					
						104.008
					
					
						104.008
					
					
						103.513
					
					
						103.577
					
					
						103.706
					
					
						4.2
					
					
						2.5
					
					
						1.7
					
					
						1.7
					
					
						1.4
					
					
						1.6
					
					
						1.5
					
				
				
					
						2020 
					
					
						103.171
					
					
						105.407
					
					
						105.381
					
					
						104.635
					
					
						104.942
					
					
						105.046
					
					
						â.9
					
					
						â2.2
					
					
						1.3
					
					
						1.3
					
					
						1.1
					
					
						1.3
					
					
						1.3
					
				
				
					
						2021 
					
					
						109.156
					
					
						110.220
					
					
						110.213
					
					
						109.001
					
					
						108.736
					
					
						109.495
					
					
						10.7
					
					
						5.8
					
					
						4.6
					
					
						4.6
					
					
						4.2
					
					
						3.6
					
					
						4.2
					
				
				
					
						2022 
					
					
						111.268
					
					
						117.996
					
					
						117.973
					
					
						116.043
					
					
						114.437
					
					
						116.915
					
					
						9.1
					
					
						1.9
					
					
						7.1
					
					
						7.0
					
					
						6.5
					
					
						5.2
					
					
						6.8
					
				
				
					
						2023 
					
					
						114.097
					
					
						122.283
					
					
						122.273
					
					
						120.380
					
					
						119.125
					
					
						120.905
					
					
						6.3
					
					
						2.5
					
					
						3.6
					
					
						3.6
					
					
						3.7
					
					
						4.1
					
					
						3.4
					
				
				
					
						2022: I 
					
					
						110.844
					
					
						115.182
					
					
						115.135
					
					
						113.590
					
					
						112.430
					
					
						114.269
					
					
						6.2
					
					
						â2.0
					
					
						8.5
					
					
						8.4
					
					
						7.7
					
					
						6.0
					
					
						8.2
					
				
				
					
						      II 
					
					
						110.688
					
					
						117.704
					
					
						117.671
					
					
						115.577
					
					
						113.734
					
					
						116.533
					
					
						8.5
					
					
						â.6
					
					
						9.1
					
					
						9.1
					
					
						7.2
					
					
						4.7
					
					
						8.2
					
				
				
					
						      III 
					
					
						111.417
					
					
						118.980
					
					
						118.962
					
					
						116.905
					
					
						115.126
					
					
						117.883
					
					
						7.2
					
					
						2.7
					
					
						4.4
					
					
						4.5
					
					
						4.7
					
					
						5.0
					
					
						4.7
					
				
				
					
						      IV 
					
					
						112.125
					
					
						120.115
					
					
						120.093
					
					
						118.098
					
					
						116.457
					
					
						118.973
					
					
						6.5
					
					
						2.6
					
					
						3.9
					
					
						3.9
					
					
						4.1
					
					
						4.7
					
					
						3.8
					
				
				
					
						2023: I 
					
					
						112.748
					
					
						121.264
					
					
						121.261
					
					
						119.309
					
					
						117.874
					
					
						120.016
					
					
						6.3
					
					
						2.2
					
					
						3.9
					
					
						3.9
					
					
						4.2
					
					
						5.0
					
					
						3.6
					
				
				
					
						      II 
					
					
						113.325
					
					
						121.789
					
					
						121.766
					
					
						120.044
					
					
						118.938
					
					
						120.445
					
					
						3.8
					
					
						2.1
					
					
						1.7
					
					
						1.7
					
					
						2.5
					
					
						3.7
					
					
						1.4
					
				
				
					
						      III 
					
					
						114.678
					
					
						122.792
					
					
						122.762
					
					
						120.814
					
					
						119.541
					
					
						121.295
					
					
						8.3
					
					
						4.9
					
					
						3.3
					
					
						3.3
					
					
						2.6
					
					
						2.0
					
					
						2.9
					
				
				
					
						      IV 
					
					
						115.639
					
					
						123.289
					
					
						123.271
					
					
						121.351
					
					
						120.147
					
					
						121.863
					
					
						5.1
					
					
						3.4
					
					
						1.6
					
					
						1.7
					
					
						1.8
					
					
						2.0
					
					
						1.9
					
				
				
					
						2024: I 
					
					
						116.044
					
					
						124.227
					
					
						124.212
					
					
						122.371
					
					
						121.256
					
					
						122.787
					
					
						4.5
					
					
						1.4
					
					
						3.1
					
					
						3.1
					
					
						3.4
					
					
						3.7
					
					
						3.1
					
				
				
					
						      II p 
					
					
						116.860
					
					
						124.930
					
					
						124.916
					
					
						123.166
					
					
						122.124
					
					
						123.495
					
					
						5.2
					
					
						2.8
					
					
						2.3
					
					
						2.3
					
					
						2.6
					
					
						2.9
					
					
						2.3
					
				
				
					
						1 Quarterly percent changes are at annual rates.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Nonfinancial Corporate BusinessâGross Value Added and Price, Costs, and Profits
					
				
				
					
						[Quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Gross value addedof nonfinancialcorporate business(billions of dollars) 1
					
					
						Price per unit of real gross value added of nonfinancial corporate business (dollars) 1, 2
					
				
				
					
						Total
					
					
						Compensation of employees(unit labor cost)
					
					
						Unit nonlabor cost
					
					
						Corporate profits with inventory valuationand capital consumption adjustments 4
					
				
				
					
						Currentdollars
					
					
						Chained(2017)dollars
					
					
						Total
					
					
						Consumptionof fixedcapital
					
					
						Taxes onproductionand imports 3
					
					
						Net interest andmiscellaneouspayments
					
					
						Total
					
					
						Taxes oncorporateincome
					
					
						Profitsaftertax 5
					
				
				
					
						2014 
					
					
						8,851.7
					
					
						9,155.7
					
					
						0.967
					
					
						0.550
					
					
						0.273
					
					
						0.148
					
					
						0.091
					
					
						0.034
					
					
						0.144
					
					
						0.032
					
					
						0.112
					
				
				
					
						2015 
					
					
						9,222.3
					
					
						9,453.7
					
					
						.976
					
					
						.561
					
					
						.275
					
					
						.149
					
					
						.092
					
					
						.034
					
					
						.139
					
					
						.030
					
					
						.109
					
				
				
					
						2016 
					
					
						9,346.4
					
					
						9,514.3
					
					
						.982
					
					
						.573
					
					
						.278
					
					
						.151
					
					
						.090
					
					
						.036
					
					
						.132
					
					
						.028
					
					
						.104
					
				
				
					
						2017 
					
					
						9,771.4
					
					
						9,771.4
					
					
						1.000
					
					
						.586
					
					
						.285
					
					
						.154
					
					
						.094
					
					
						.036
					
					
						.129
					
					
						.022
					
					
						.107
					
				
				
					
						2018 
					
					
						10,337.8
					
					
						10,136.3
					
					
						1.020
					
					
						.597
					
					
						.287
					
					
						.156
					
					
						.096
					
					
						.035
					
					
						.136
					
					
						.021
					
					
						.115
					
				
				
					
						2019 
					
					
						10,801.0
					
					
						10,394.5
					
					
						1.039
					
					
						.610
					
					
						.294
					
					
						.160
					
					
						.098
					
					
						.036
					
					
						.135
					
					
						.019
					
					
						.116
					
				
				
					
						2020 
					
					
						10,500.0
					
					
						9,959.5
					
					
						1.054
					
					
						.637
					
					
						.270
					
					
						.174
					
					
						.063
					
					
						.033
					
					
						.147
					
					
						.021
					
					
						.126
					
				
				
					
						2021 
					
					
						11,995.9
					
					
						10,853.4
					
					
						1.105
					
					
						.644
					
					
						.280
					
					
						.168
					
					
						.084
					
					
						.028
					
					
						.182
					
					
						.027
					
					
						.154
					
				
				
					
						2022 
					
					
						13,300.8
					
					
						11,194.4
					
					
						1.188
					
					
						.677
					
					
						.313
					
					
						.179
					
					
						.109
					
					
						.025
					
					
						.198
					
					
						.037
					
					
						.161
					
				
				
					
						2023 
					
					
						13,957.7
					
					
						11,511.2
					
					
						1.213
					
					
						.699
					
					
						.315
					
					
						.188
					
					
						.109
					
					
						.018
					
					
						.198
					
					
						.039
					
					
						.160
					
				
				
					
						2022: I 
					
					
						12,884.3
					
					
						11,113.8
					
					
						1.159
					
					
						.667
					
					
						.307
					
					
						.174
					
					
						.107
					
					
						.027
					
					
						.186
					
					
						.038
					
					
						.147
					
				
				
					
						      II 
					
					
						13,250.4
					
					
						11,130.6
					
					
						1.190
					
					
						.674
					
					
						.314
					
					
						.178
					
					
						.110
					
					
						.026
					
					
						.203
					
					
						.038
					
					
						.165
					
				
				
					
						      III 
					
					
						13,517.2
					
					
						11,268.1
					
					
						1.200
					
					
						.682
					
					
						.315
					
					
						.181
					
					
						.109
					
					
						.025
					
					
						.203
					
					
						.036
					
					
						.167
					
				
				
					
						      IV 
					
					
						13,551.4
					
					
						11,265.0
					
					
						1.203
					
					
						.685
					
					
						.316
					
					
						.184
					
					
						.109
					
					
						.023
					
					
						.201
					
					
						.037
					
					
						.164
					
				
				
					
						2023: I 
					
					
						13,693.2
					
					
						11,382.9
					
					
						1.203
					
					
						.694
					
					
						.318
					
					
						.186
					
					
						.110
					
					
						.022
					
					
						.191
					
					
						.038
					
					
						.153
					
				
				
					
						      II 
					
					
						13,841.3
					
					
						11,418.2
					
					
						1.212
					
					
						.702
					
					
						.316
					
					
						.189
					
					
						.109
					
					
						.019
					
					
						.194
					
					
						.038
					
					
						.156
					
				
				
					
						      III 
					
					
						14,041.6
					
					
						11,528.1
					
					
						1.218
					
					
						.705
					
					
						.313
					
					
						.189
					
					
						.109
					
					
						.015
					
					
						.200
					
					
						.038
					
					
						.162
					
				
				
					
						      IV 
					
					
						14,254.5
					
					
						11,713.7
					
					
						1.217
					
					
						.697
					
					
						.312
					
					
						.189
					
					
						.108
					
					
						.015
					
					
						.208
					
					
						.041
					
					
						.168
					
				
				
					
						2024: I 
					
					
						14,344.5
					
					
						11,786.2
					
					
						1.217
					
					
						.701
					
					
						.319
					
					
						.190
					
					
						.114
					
					
						.015
					
					
						.197
					
					
						.041
					
					
						.157
					
				
				
					
						1 Estimates for nonfinancial corporate business are based on the North American Industry Classification System (NAICS).
					
				
				
					
						2 The implicit price deflator for gross value added of nonfinancial corporate business divided by 100.
					
				
				
					
						3 Less subsidies plus business current transfer payments.
					
				
				
					
						4 Unit profits from current production.
					
				
				
					
						5 With inventory valuation and capital consumption adjustments.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						National Income
					
				
				
					
						[Billions of dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						National income
					
					
						Compensation ofemployees
					
					
						Proprietorsâincome 1
					
					
						Rentalincomeofpersonswithcapitalconsumptionadjustment
					
					
						Corporate profits with inventory valuationand capital consumption adjustments
					
					
						Netinterestandmiscellaneouspayments
					
					
						Taxesonproductionandimports
					
					
						Less:Subsidies
					
					
						Businesscurrenttransferpayments
					
					
						Currentsurplusofgovernmententerprises
					
				
				
					
						Farm
					
					
						Nonfarm
					
					
						Total
					
					
						Profits with inventory valuationadjustment and withoutcapital consumption adjustment
					
					
						Capitalconsumptionadjustment
					
				
				
					
						Total
					
					
						Profitsbeforetax
					
					
						Inventoryvaluationadjustment
					
				
				
					
						2014 
					
					
						15,164.6
					
					
						9,250.2
					
					
						68.5
					
					
						1,301.5
					
					
						598.5
					
					
						2,212.8
					
					
						2,356.1
					
					
						2,354.3
					
					
						1.8
					
					
						â143.3
					
					
						426.4
					
					
						1,237.7
					
					
						58.1
					
					
						135.5
					
					
						â8.5
					
				
				
					
						2015 
					
					
						15,685.2
					
					
						9,699.4
					
					
						55.5
					
					
						1,292.3
					
					
						601.4
					
					
						2,173.1
					
					
						2,295.5
					
					
						2,237.5
					
					
						57.9
					
					
						â122.3
					
					
						496.3
					
					
						1,273.5
					
					
						57.2
					
					
						153.9
					
					
						â2.8
					
				
				
					
						2016 
					
					
						15,975.3
					
					
						9,966.1
					
					
						36.0
					
					
						1,313.2
					
					
						618.7
					
					
						2,144.3
					
					
						2,245.2
					
					
						2,240.0
					
					
						5.2
					
					
						â100.9
					
					
						489.2
					
					
						1,309.1
					
					
						61.7
					
					
						162.5
					
					
						â2.2
					
				
				
					
						2017 
					
					
						16,688.2
					
					
						10,424.4
					
					
						41.0
					
					
						1,387.6
					
					
						642.0
					
					
						2,225.2
					
					
						2,247.5
					
					
						2,295.1
					
					
						â47.6
					
					
						â22.3
					
					
						525.2
					
					
						1,364.0
					
					
						59.9
					
					
						142.9
					
					
						â4.3
					
				
				
					
						2018 
					
					
						17,570.8
					
					
						10,957.4
					
					
						32.1
					
					
						1,463.2
					
					
						671.5
					
					
						2,365.2
					
					
						2,266.6
					
					
						2,317.6
					
					
						â51.0
					
					
						98.6
					
					
						536.4
					
					
						1,457.1
					
					
						63.3
					
					
						155.8
					
					
						â4.6
					
				
				
					
						2019 
					
					
						18,281.0
					
					
						11,447.9
					
					
						32.1
					
					
						1,522.1
					
					
						684.5
					
					
						2,470.3
					
					
						2,376.7
					
					
						2,375.0
					
					
						1.7
					
					
						93.6
					
					
						515.2
					
					
						1,533.1
					
					
						73.0
					
					
						160.8
					
					
						â12.0
					
				
				
					
						2020 
					
					
						17,854.0
					
					
						11,594.7
					
					
						44.4
					
					
						1,539.4
					
					
						756.1
					
					
						2,383.3
					
					
						2,478.2
					
					
						2,494.9
					
					
						â16.7
					
					
						â94.9
					
					
						529.3
					
					
						1,520.5
					
					
						656.9
					
					
						145.0
					
					
						â1.8
					
				
				
					
						2021 
					
					
						19,909.7
					
					
						12,545.9
					
					
						72.2
					
					
						1,676.8
					
					
						814.2
					
					
						2,922.8
					
					
						2,992.1
					
					
						3,249.1
					
					
						â257.1
					
					
						â69.3
					
					
						504.6
					
					
						1,671.9
					
					
						482.7
					
					
						189.0
					
					
						â5.0
					
				
				
					
						2022 
					
					
						21,678.4
					
					
						13,439.2
					
					
						81.7
					
					
						1,709.1
					
					
						878.3
					
					
						3,208.7
					
					
						3,426.7
					
					
						3,523.0
					
					
						â96.2
					
					
						â218.0
					
					
						457.4
					
					
						1,810.2
					
					
						127.4
					
					
						216.8
					
					
						4.4
					
				
				
					
						2023 
					
					
						22,429.6
					
					
						14,234.0
					
					
						54.3
					
					
						1,794.1
					
					
						967.3
					
					
						3,258.0
					
					
						3,599.3
					
					
						3,559.7
					
					
						39.6
					
					
						â341.3
					
					
						185.4
					
					
						1,832.6
					
					
						101.1
					
					
						214.5
					
					
						â9.7
					
				
				
					
						2022: I 
					
					
						21,149.8
					
					
						13,177.4
					
					
						73.0
					
					
						1,683.4
					
					
						837.2
					
					
						3,027.1
					
					
						3,198.2
					
					
						3,439.0
					
					
						â240.9
					
					
						â171.1
					
					
						515.7
					
					
						1,784.0
					
					
						152.0
					
					
						196.1
					
					
						8.0
					
				
				
					
						      II 
					
					
						21,637.6
					
					
						13,295.2
					
					
						86.0
					
					
						1,688.4
					
					
						875.3
					
					
						3,260.0
					
					
						3,468.5
					
					
						3,696.2
					
					
						â227.7
					
					
						â208.5
					
					
						514.6
					
					
						1,812.3
					
					
						130.1
					
					
						228.2
					
					
						7.6
					
				
				
					
						      III 
					
					
						21,972.7
					
					
						13,609.2
					
					
						84.0
					
					
						1,723.4
					
					
						893.1
					
					
						3,299.3
					
					
						3,541.4
					
					
						3,558.2
					
					
						â16.8
					
					
						â242.1
					
					
						438.3
					
					
						1,824.0
					
					
						118.4
					
					
						215.4
					
					
						4.5
					
				
				
					
						      IV 
					
					
						21,953.5
					
					
						13,675.0
					
					
						84.0
					
					
						1,741.4
					
					
						907.5
					
					
						3,248.4
					
					
						3,498.8
					
					
						3,398.4
					
					
						100.4
					
					
						â250.4
					
					
						360.7
					
					
						1,820.6
					
					
						109.2
					
					
						227.6
					
					
						â2.3
					
				
				
					
						2023: I 
					
					
						22,136.9
					
					
						13,965.2
					
					
						71.2
					
					
						1,756.2
					
					
						945.8
					
					
						3,165.1
					
					
						3,502.8
					
					
						3,457.6
					
					
						45.3
					
					
						â337.7
					
					
						307.8
					
					
						1,831.1
					
					
						101.4
					
					
						203.1
					
					
						â7.1
					
				
				
					
						      II 
					
					
						22,241.8
					
					
						14,154.1
					
					
						58.2
					
					
						1,765.9
					
					
						961.1
					
					
						3,172.1
					
					
						3,513.6
					
					
						3,473.1
					
					
						40.5
					
					
						â341.5
					
					
						212.4
					
					
						1,821.6
					
					
						99.9
					
					
						206.4
					
					
						â10.0
					
				
				
					
						      III 
					
					
						22,522.2
					
					
						14,368.7
					
					
						49.9
					
					
						1,809.6
					
					
						974.4
					
					
						3,280.7
					
					
						3,620.1
					
					
						3,600.6
					
					
						19.5
					
					
						â339.4
					
					
						105.7
					
					
						1,830.7
					
					
						103.1
					
					
						216.7
					
					
						â11.2
					
				
				
					
						      IV 
					
					
						22,817.5
					
					
						14,448.1
					
					
						38.0
					
					
						1,844.6
					
					
						988.1
					
					
						3,414.2
					
					
						3,760.7
					
					
						3,707.4
					
					
						53.3
					
					
						â346.4
					
					
						115.8
					
					
						1,847.2
					
					
						100.0
					
					
						231.7
					
					
						â10.3
					
				
				
					
						2024: I 
					
					
						23,056.9
					
					
						14,644.9
					
					
						35.6
					
					
						1,854.8
					
					
						1,023.9
					
					
						3,367.1
					
					
						3,799.4
					
					
						3,808.5
					
					
						â9.1
					
					
						â432.3
					
					
						101.5
					
					
						1,859.5
					
					
						97.2
					
					
						276.6
					
					
						â9.8
					
				
				
					
						      II p 
					
					
					
						14,827.2
					
					
						27.1
					
					
						1,867.2
					
					
						1,026.3
					
					
					
					
					
					
						â434.8
					
					
						77.0
					
					
						1,875.8
					
					
						94.7
					
					
						223.0
					
					
						â11.2
					
				
				
					
						1 With inventory valuation and capital consumption adjustments.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Real Personal Consumption Expenditures
					
				
				
					
						[Billions of chained (2017) dollars, except as noted; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Totalpersonalconsumptionexpenditures
					
					
						Goods
					
					
						Services
					
					
						Addendum:Personalconsumptionexpendituresexcludingfood andenergy 2
					
					
						Retailsales ofnewpassengercars andlighttrucks(millionsof units)
					
				
				
					
						Totalgoods
					
					
						Durable
					
					
						Nondurable
					
					
						Totalservices 1
					
					
						Householdconsumptionexpenditures
					
					
						Housingandutilities
					
					
						Healthcare
					
					
						Financialservicesandinsurance
					
				
				
					
						Totaldurablegoods 1
					
					
						Motorvehiclesandparts
					
					
						Totalnondurablegoods 1
					
					
						Food andbeveragespurchasedfor off-premisesconsumption
					
					
						Gasolineandotherenergygoods
					
				
				
					
						2014 
					
					
						12,226.4
					
					
						3,717.7
					
					
						1,168.2
					
					
						443.6
					
					
						2,552.3
					
					
						910.3
					
					
						302.0
					
					
						8,516.3
					
					
						8,131.1
					
					
						2,341.5
					
					
						2,008.2
					
					
						1,047.9
					
					
						10,785.1
					
					
						16.5
					
				
				
					
						2015 
					
					
						12,638.8
					
					
						3,902.5
					
					
						1,257.7
					
					
						481.3
					
					
						2,646.3
					
					
						931.4
					
					
						318.8
					
					
						8,738.9
					
					
						8,355.1
					
					
						2,336.7
					
					
						2,114.2
					
					
						1,073.6
					
					
						11,159.9
					
					
						17.4
					
				
				
					
						2016 
					
					
						12,949.0
					
					
						4,044.7
					
					
						1,325.5
					
					
						498.1
					
					
						2,719.9
					
					
						968.3
					
					
						323.8
					
					
						8,904.9
					
					
						8,507.0
					
					
						2,347.0
					
					
						2,196.3
					
					
						1,046.5
					
					
						11,429.3
					
					
						17.5
					
				
				
					
						2017 
					
					
						13,290.6
					
					
						4,212.2
					
					
						1,415.9
					
					
						529.4
					
					
						2,796.3
					
					
						1,010.4
					
					
						324.0
					
					
						9,078.4
					
					
						8,682.0
					
					
						2,350.2
					
					
						2,245.3
					
					
						1,073.2
					
					
						11,730.3
					
					
						17.2
					
				
				
					
						2018 
					
					
						13,654.9
					
					
						4,378.7
					
					
						1,509.5
					
					
						549.9
					
					
						2,869.8
					
					
						1,039.0
					
					
						323.0
					
					
						9,276.6
					
					
						8,861.3
					
					
						2,385.0
					
					
						2,301.8
					
					
						1,073.4
					
					
						12,049.5
					
					
						17.2
					
				
				
					
						2019 
					
					
						13,928.3
					
					
						4,509.9
					
					
						1,558.9
					
					
						540.6
					
					
						2,951.8
					
					
						1,065.7
					
					
						321.6
					
					
						9,420.1
					
					
						9,018.3
					
					
						2,404.6
					
					
						2,381.9
					
					
						1,048.4
					
					
						12,301.7
					
					
						17.0
					
				
				
					
						2020 
					
					
						13,577.0
					
					
						4,729.9
					
					
						1,683.1
					
					
						533.5
					
					
						3,049.6
					
					
						1,140.7
					
					
						277.5
					
					
						8,867.6
					
					
						8,406.7
					
					
						2,454.1
					
					
						2,215.6
					
					
						1,050.4
					
					
						11,920.2
					
					
						14.5
					
				
				
					
						2021 
					
					
						14,718.2
					
					
						5,265.9
					
					
						1,964.9
					
					
						613.4
					
					
						3,307.5
					
					
						1,190.5
					
					
						311.1
					
					
						9,483.4
					
					
						9,079.0
					
					
						2,521.4
					
					
						2,405.2
					
					
						1,049.7
					
					
						12,975.9
					
					
						14.9
					
				
				
					
						2022 
					
					
						15,090.8
					
					
						5,281.5
					
					
						1,960.0
					
					
						572.6
					
					
						3,327.5
					
					
						1,167.8
					
					
						311.1
					
					
						9,836.1
					
					
						9,413.1
					
					
						2,549.1
					
					
						2,479.3
					
					
						1,031.4
					
					
						13,364.8
					
					
						13.8
					
				
				
					
						2023 
					
					
						15,426.1
					
					
						5,387.7
					
					
						2,041.9
					
					
						601.7
					
					
						3,355.4
					
					
						1,151.1
					
					
						318.6
					
					
						10,066.2
					
					
						9,664.5
					
					
						2,558.5
					
					
						2,617.1
					
					
						1,047.0
					
					
						13,724.3
					
					
						15.5
					
				
				
					
						2022: I 
					
					
						14,995.2
					
					
						5,289.7
					
					
						1,962.3
					
					
						580.3
					
					
						3,333.4
					
					
						1,185.9
					
					
						311.5
					
					
						9,733.0
					
					
						9,314.8
					
					
						2,547.9
					
					
						2,454.9
					
					
						1,033.2
					
					
						13,246.6
					
					
						13.9
					
				
				
					
						      II 
					
					
						15,069.2
					
					
						5,285.3
					
					
						1,957.8
					
					
						571.2
					
					
						3,333.4
					
					
						1,171.5
					
					
						313.1
					
					
						9,810.8
					
					
						9,382.4
					
					
						2,549.4
					
					
						2,455.0
					
					
						1,026.4
					
					
						13,333.6
					
					
						13.4
					
				
				
					
						      III 
					
					
						15,127.4
					
					
						5,275.7
					
					
						1,962.3
					
					
						566.5
					
					
						3,319.7
					
					
						1,158.8
					
					
						309.3
					
					
						9,878.2
					
					
						9,449.4
					
					
						2,544.5
					
					
						2,484.4
					
					
						1,033.2
					
					
						13,419.3
					
					
						13.6
					
				
				
					
						      IV 
					
					
						15,171.4
					
					
						5,275.2
					
					
						1,957.5
					
					
						572.5
					
					
						3,323.7
					
					
						1,155.0
					
					
						310.6
					
					
						9,922.3
					
					
						9,505.9
					
					
						2,554.7
					
					
						2,523.0
					
					
						1,032.8
					
					
						13,459.4
					
					
						14.2
					
				
				
					
						2023: I 
					
					
						15,312.9
					
					
						5,341.0
					
					
						2,022.5
					
					
						614.1
					
					
						3,327.8
					
					
						1,145.8
					
					
						313.0
					
					
						9,998.9
					
					
						9,597.0
					
					
						2,545.8
					
					
						2,584.0
					
					
						1,037.3
					
					
						13,625.6
					
					
						15.0
					
				
				
					
						      II 
					
					
						15,343.6
					
					
						5,347.3
					
					
						2,020.9
					
					
						599.6
					
					
						3,335.4
					
					
						1,148.5
					
					
						319.8
					
					
						10,023.1
					
					
						9,622.9
					
					
						2,550.0
					
					
						2,600.0
					
					
						1,048.7
					
					
						13,647.6
					
					
						15.8
					
				
				
					
						      III 
					
					
						15,461.4
					
					
						5,411.3
					
					
						2,053.9
					
					
						597.8
					
					
						3,367.3
					
					
						1,153.9
					
					
						319.0
					
					
						10,078.7
					
					
						9,675.8
					
					
						2,568.7
					
					
						2,617.5
					
					
						1,052.2
					
					
						13,748.5
					
					
						15.7
					
				
				
					
						      IV 
					
					
						15,586.7
					
					
						5,451.1
					
					
						2,070.1
					
					
						595.3
					
					
						3,391.1
					
					
						1,156.2
					
					
						322.4
					
					
						10,164.0
					
					
						9,762.2
					
					
						2,569.5
					
					
						2,666.9
					
					
						1,049.8
					
					
						13,875.5
					
					
						15.7
					
				
				
					
						2024: I 
					
					
						15,643.0
					
					
						5,420.0
					
					
						2,046.7
					
					
						573.2
					
					
						3,382.1
					
					
						1,155.6
					
					
						312.7
					
					
						10,247.3
					
					
						9,829.2
					
					
						2,575.9
					
					
						2,713.5
					
					
						1,064.1
					
					
						13,945.8
					
					
						15.3
					
				
				
					
						      II p 
					
					
						15,733.1
					
					
						5,453.9
					
					
						2,070.3
					
					
						580.0
					
					
						3,393.7
					
					
						1,160.8
					
					
						317.4
					
					
						10,303.8
					
					
						9,881.1
					
					
						2,585.3
					
					
						2,740.4
					
					
						1,068.2
					
					
						14,023.4
					
					
						15.7
					
				
				
					
						1 Includes other items, not shown separately. 
					
				
				
					
						2 Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 
					
				
				
					
						Note: Because of the formula used for calculating real GDP, the chained (2017) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Sources of Personal Income
					
				
				
					
						[Billions of dollars; monthly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Totalpersonalincome
					
					
						Compensation of employees
					
					
						Proprietorsâ income 1
					
					
						Rentalincomeofpersons 2
					
					
						Personal income receipts on assets
					
					
						Personalcurrenttransferreceipts 3
					
					
						Less:Contributionsforgovernmentsocialinsurance, domestic
					
				
				
					
						Total
					
					
						Wagesandsalaries
					
					
						Supplements towagesandsalaries
					
					
						Farm
					
					
						Nonfarm
					
					
						Total
					
					
						Personalinterestincome
					
					
						Personaldividendincome
					
				
				
					
						2014 
					
					
						14,784.1
					
					
						9,250.2
					
					
						7,476.3
					
					
						1,773.9
					
					
						68.5
					
					
						1,301.5
					
					
						598.5
					
					
						2,177.4
					
					
						1,260.4
					
					
						917.0
					
					
						2,541.6
					
					
						1,153.6
					
				
				
					
						2015 
					
					
						15,473.7
					
					
						9,699.4
					
					
						7,859.5
					
					
						1,839.9
					
					
						55.5
					
					
						1,292.3
					
					
						601.4
					
					
						2,344.6
					
					
						1,347.7
					
					
						996.9
					
					
						2,685.4
					
					
						1,204.7
					
				
				
					
						2016 
					
					
						15,887.7
					
					
						9,966.1
					
					
						8,091.2
					
					
						1,874.9
					
					
						36.0
					
					
						1,313.2
					
					
						618.7
					
					
						2,415.4
					
					
						1,388.0
					
					
						1,027.4
					
					
						2,777.0
					
					
						1,238.8
					
				
				
					
						2017 
					
					
						16,662.8
					
					
						10,424.4
					
					
						8,474.4
					
					
						1,950.0
					
					
						41.0
					
					
						1,387.6
					
					
						642.0
					
					
						2,611.0
					
					
						1,466.7
					
					
						1,144.3
					
					
						2,855.7
					
					
						1,298.9
					
				
				
					
						2018 
					
					
						17,528.2
					
					
						10,957.4
					
					
						8,899.8
					
					
						2,057.6
					
					
						32.1
					
					
						1,463.2
					
					
						671.5
					
					
						2,789.4
					
					
						1,554.5
					
					
						1,234.9
					
					
						2,976.3
					
					
						1,361.7
					
				
				
					
						2019 
					
					
						18,356.2
					
					
						11,447.9
					
					
						9,325.0
					
					
						2,123.0
					
					
						32.1
					
					
						1,522.1
					
					
						684.5
					
					
						2,949.9
					
					
						1,603.4
					
					
						1,346.5
					
					
						3,144.3
					
					
						1,424.6
					
				
				
					
						2020 
					
					
						19,629.0
					
					
						11,594.7
					
					
						9,464.6
					
					
						2,130.0
					
					
						44.4
					
					
						1,539.4
					
					
						756.1
					
					
						2,913.7
					
					
						1,510.3
					
					
						1,403.5
					
					
						4,229.9
					
					
						1,449.3
					
				
				
					
						2021 
					
					
						21,407.7
					
					
						12,545.9
					
					
						10,312.6
					
					
						2,233.2
					
					
						72.2
					
					
						1,676.8
					
					
						814.2
					
					
						3,214.7
					
					
						1,515.5
					
					
						1,699.2
					
					
						4,641.9
					
					
						1,558.0
					
				
				
					
						2022 
					
					
						21,840.8
					
					
						13,439.2
					
					
						11,116.0
					
					
						2,323.2
					
					
						81.7
					
					
						1,709.1
					
					
						878.3
					
					
						3,432.0
					
					
						1,627.5
					
					
						1,804.5
					
					
						4,002.1
					
					
						1,701.7
					
				
				
					
						2023 
					
					
						22,961.3
					
					
						14,234.0
					
					
						11,798.1
					
					
						2,436.0
					
					
						54.3
					
					
						1,794.1
					
					
						967.3
					
					
						3,613.4
					
					
						1,772.8
					
					
						1,840.6
					
					
						4,100.7
					
					
						1,802.6
					
				
				
					
						2023: June 
					
					
						22,921.4
					
					
						14,218.6
					
					
						11,788.9
					
					
						2,429.6
					
					
						55.5
					
					
						1,774.4
					
					
						961.8
					
					
						3,590.7
					
					
						1,756.1
					
					
						1,834.7
					
					
						4,121.3
					
					
						1,800.9
					
				
				
					
						      July 
					
					
						22,986.4
					
					
						14,296.4
					
					
						11,855.6
					
					
						2,440.8
					
					
						52.7
					
					
						1,787.0
					
					
						967.2
					
					
						3,594.4
					
					
						1,766.1
					
					
						1,828.3
					
					
						4,097.9
					
					
						1,809.2
					
				
				
					
						      Aug 
					
					
						23,094.5
					
					
						14,372.7
					
					
						11,921.2
					
					
						2,451.5
					
					
						49.9
					
					
						1,811.2
					
					
						974.5
					
					
						3,607.3
					
					
						1,776.3
					
					
						1,831.0
					
					
						4,096.5
					
					
						1,817.6
					
				
				
					
						      Sept 
					
					
						23,176.2
					
					
						14,437.1
					
					
						11,975.7
					
					
						2,461.4
					
					
						47.2
					
					
						1,830.6
					
					
						981.5
					
					
						3,617.9
					
					
						1,786.7
					
					
						1,831.2
					
					
						4,086.6
					
					
						1,824.6
					
				
				
					
						      Oct 
					
					
						23,189.4
					
					
						14,416.2
					
					
						11,950.9
					
					
						2,465.3
					
					
						42.6
					
					
						1,837.6
					
					
						985.3
					
					
						3,645.6
					
					
						1,801.0
					
					
						1,844.6
					
					
						4,083.8
					
					
						1,821.7
					
				
				
					
						      Nov 
					
					
						23,241.5
					
					
						14,436.6
					
					
						11,965.4
					
					
						2,471.2
					
					
						38.0
					
					
						1,848.2
					
					
						988.1
					
					
						3,672.7
					
					
						1,815.5
					
					
						1,857.2
					
					
						4,082.0
					
					
						1,824.1
					
				
				
					
						      Dec 
					
					
						23,311.6
					
					
						14,491.6
					
					
						12,011.8
					
					
						2,479.8
					
					
						33.4
					
					
						1,848.1
					
					
						991.0
					
					
						3,683.6
					
					
						1,830.2
					
					
						1,853.4
					
					
						4,094.6
					
					
						1,830.7
					
				
				
					
						2024: Jan 
					
					
						23,560.0
					
					
						14,555.2
					
					
						12,059.7
					
					
						2,495.5
					
					
						34.5
					
					
						1,850.6
					
					
						1,007.5
					
					
						3,751.1
					
					
						1,821.9
					
					
						1,929.2
					
					
						4,213.5
					
					
						1,852.4
					
				
				
					
						      Feb 
					
					
						23,626.3
					
					
						14,649.5
					
					
						12,143.3
					
					
						2,506.2
					
					
						35.6
					
					
						1,856.3
					
					
						1,024.2
					
					
						3,673.7
					
					
						1,813.9
					
					
						1,859.8
					
					
						4,251.0
					
					
						1,863.9
					
				
				
					
						      Mar 
					
					
						23,746.6
					
					
						14,729.9
					
					
						12,213.8
					
					
						2,516.2
					
					
						36.7
					
					
						1,857.7
					
					
						1,040.2
					
					
						3,673.7
					
					
						1,806.8
					
					
						1,866.9
					
					
						4,282.0
					
					
						1,873.5
					
				
				
					
						      Apr r 
					
					
						23,799.3
					
					
						14,754.8
					
					
						12,233.0
					
					
						2,521.9
					
					
						31.9
					
					
						1,862.1
					
					
						1,033.2
					
					
						3,688.9
					
					
						1,812.3
					
					
						1,876.6
					
					
						4,304.8
					
					
						1,876.3
					
				
				
					
						      May r 
					
					
						23,898.0
					
					
						14,841.2
					
					
						12,309.1
					
					
						2,532.1
					
					
						27.1
					
					
						1,867.8
					
					
						1,026.4
					
					
						3,703.9
					
					
						1,817.6
					
					
						1,886.2
					
					
						4,318.3
					
					
						1,886.7
					
				
				
					
						      June p 
					
					
						23,948.3
					
					
						14,885.6
					
					
						12,345.5
					
					
						2,540.1
					
					
						22.3
					
					
						1,871.6
					
					
						1,019.3
					
					
						3,708.6
					
					
						1,822.9
					
					
						1,885.7
					
					
						4,332.5
					
					
						1,891.5
					
				
				
					
						1 With inventory valuation and capital consumption adjustments.
					
				
				
					
						2 With capital consumption adjustment.
					
				
				
					
						3 Consists mainly of social insurance benefits to persons.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						 Disposition of Personal Income
					
				
				
					
						 
					
				
				
					
						Period
					
					
						Personal income
					
					
						Less:Personalcurrenttaxes
					
					
						Equals:Disposablepersonalincome
					
					
						Less:Personaloutlays 1
					
					
						Equals:Personalsaving 
					
					
						Disposable personal income in billions of chained (2017)dollars
					
					
						Per capita disposable personal income
					
					
						Per capita personal consumptionexpenditures
					
					
						 Percentchangein realper capitadisposablepersonalincome
					
					
						Savingaspercentofdisposablepersonalincome
					
					
						Population, includingArmedForcesoverseas (thousands) 2
					
				
				
					
						Currentdollars
					
					
						Chained(2017)dollars
					
					
						Currentdollars
					
					
						Chained(2017)dollars
					
				
				
					
						 
					
					
						Billions of dollars 
					
					
						 
					
					
						Dollars
					
					
						Percent
					
					
				
				
					
						2014 
					
					
						14,784.1
					
					
						1,785.7
					
					
						12,998.4
					
					
						12,286.4
					
					
						712.0
					
					
						13,383.7
					
					
						40,671
					
					
						41,876
					
					
						37,154
					
					
						38,255
					
					
						2.6
					
					
						5.5
					
					
						319,601
					
				
				
					
						2015 
					
					
						15,473.7
					
					
						1,940.9
					
					
						13,532.9
					
					
						12,742.3
					
					
						790.6
					
					
						13,908.5
					
					
						42,013
					
					
						43,179
					
					
						38,177
					
					
						39,237
					
					
						3.1
					
					
						5.8
					
					
						322,113
					
				
				
					
						2016 
					
					
						15,887.7
					
					
						1,958.8
					
					
						13,928.9
					
					
						13,182.7
					
					
						746.2
					
					
						14,172.0
					
					
						42,910
					
					
						43,659
					
					
						39,207
					
					
						39,891
					
					
						1.1
					
					
						5.4
					
					
						324,609
					
				
				
					
						2017 
					
					
						16,662.8
					
					
						2,048.8
					
					
						14,613.9
					
					
						13,772.3
					
					
						841.6
					
					
						14,613.9
					
					
						44,710
					
					
						44,710
					
					
						40,662
					
					
						40,662
					
					
						2.4
					
					
						5.8
					
					
						326,860
					
				
				
					
						2018 
					
					
						17,528.2
					
					
						2,074.2
					
					
						15,454.0
					
					
						14,457.4
					
					
						996.7
					
					
						15,144.0
					
					
						47,002
					
					
						46,059
					
					
						42,380
					
					
						41,530
					
					
						3.0
					
					
						6.4
					
					
						328,794
					
				
				
					
						2019 
					
					
						18,356.2
					
					
						2,199.3
					
					
						16,157.0
					
					
						14,966.1
					
					
						1,190.9
					
					
						15,608.6
					
					
						48,885
					
					
						47,225
					
					
						43,622
					
					
						42,141
					
					
						2.5
					
					
						7.4
					
					
						330,513
					
				
				
					
						2020 
					
					
						19,629.0
					
					
						2,256.5
					
					
						17,372.5
					
					
						14,694.0
					
					
						2,678.6
					
					
						16,603.0
					
					
						52,359
					
					
						50,039
					
					
						42,816
					
					
						40,919
					
					
						6.0
					
					
						15.4
					
					
						331,800
					
				
				
					
						2021 
					
					
						21,407.7
					
					
						2,743.3
					
					
						18,664.4
					
					
						16,543.9
					
					
						2,120.5
					
					
						17,123.1
					
					
						56,156
					
					
						51,519
					
					
						48,269
					
					
						44,283
					
					
						3.0
					
					
						11.4
					
					
						332,367
					
				
				
					
						2022 
					
					
						21,840.8
					
					
						3,138.3
					
					
						18,702.5
					
					
						18,079.7
					
					
						622.8
					
					
						16,116.9
					
					
						56,068
					
					
						48,317
					
					
						52,498
					
					
						45,240
					
					
						â6.2
					
					
						3.3
					
					
						333,568
					
				
				
					
						2023 
					
					
						22,961.3
					
					
						2,756.3
					
					
						20,205.0
					
					
						19,305.1
					
					
						899.8
					
					
						16,783.7
					
					
						60,276
					
					
						50,069
					
					
						55,400
					
					
						46,019
					
					
						3.6
					
					
						4.5
					
					
						335,208
					
				
				
					
					
						Seasonally adjusted annual rates
					
					
					
				
				
					
						2022: I 
					
					
						21,410.5
					
					
						3,162.8
					
					
						18,247.8
					
					
						17,544.0
					
					
						703.7
					
					
						16,066.9
					
					
						54,800
					
					
						48,250
					
					
						51,144
					
					
						45,032
					
					
						â10.0
					
					
						3.9
					
					
						332,991
					
				
				
					
						      II 
					
					
						21,659.7
					
					
						3,157.8
					
					
						18,501.9
					
					
						17,949.5
					
					
						552.4
					
					
						16,009.6
					
					
						55,508
					
					
						48,031
					
					
						52,247
					
					
						45,209
					
					
						â1.8
					
					
						3.0
					
					
						333,320
					
				
				
					
						      III 
					
					
						22,018.8
					
					
						3,137.0
					
					
						18,881.7
					
					
						18,269.1
					
					
						612.6
					
					
						16,151.8
					
					
						56,572
					
					
						48,393
					
					
						52,984
					
					
						45,324
					
					
						3.0
					
					
						3.2
					
					
						333,762
					
				
				
					
						      IV 
					
					
						22,274.1
					
					
						3,095.7
					
					
						19,178.4
					
					
						18,556.0
					
					
						622.4
					
					
						16,239.5
					
					
						57,386
					
					
						48,592
					
					
						53,612
					
					
						45,396
					
					
						1.7
					
					
						3.2
					
					
						334,201
					
				
				
					
						2023: I 
					
					
						22,643.9
					
					
						2,763.7
					
					
						19,880.2
					
					
						18,932.0
					
					
						948.2
					
					
						16,662.8
					
					
						59,424
					
					
						49,807
					
					
						54,610
					
					
						45,772
					
					
						10.4
					
					
						4.8
					
					
						334,547
					
				
				
					
						      II 
					
					
						22,868.0
					
					
						2,703.8
					
					
						20,164.2
					
					
						19,136.6
					
					
						1,027.6
					
					
						16,797.3
					
					
						60,203
					
					
						50,151
					
					
						54,993
					
					
						45,811
					
					
						2.8
					
					
						5.1
					
					
						334,934
					
				
				
					
						      III 
					
					
						23,085.7
					
					
						2,765.3
					
					
						20,320.4
					
					
						19,456.5
					
					
						863.9
					
					
						16,819.6
					
					
						60,580
					
					
						50,143
					
					
						55,688
					
					
						46,094
					
					
						â.1
					
					
						4.3
					
					
						335,430
					
				
				
					
						      IV 
					
					
						23,247.5
					
					
						2,792.5
					
					
						20,455.0
					
					
						19,695.3
					
					
						759.8
					
					
						16,856.2
					
					
						60,892
					
					
						50,179
					
					
						56,306
					
					
						46,400
					
					
						.3
					
					
						3.7
					
					
						335,923
					
				
				
					
						2024: I 
					
					
						23,644.3
					
					
						2,949.1
					
					
						20,695.2
					
					
						19,917.9
					
					
						777.3
					
					
						16,911.9
					
					
						61,537
					
					
						50,287
					
					
						56,920
					
					
						46,514
					
					
						.9
					
					
						3.8
					
					
						336,308
					
				
				
					
						      II p 
					
					
						23,881.9
					
					
						3,000.4
					
					
						20,881.5
					
					
						20,161.0
					
					
						720.5
					
					
						16,954.0
					
					
						62,019
					
					
						50,355
					
					
						57,553
					
					
						46,728
					
					
						.5
					
					
						3.5
					
					
						336,692
					
				
				
					
						1 Includes personal consumption expenditures, personal interest payments (nonmortgage), and personal current transfer payments.
					
				
				
					
						2 Annual data are averages of quarterly data, which are averages for the period.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
			
			
				
					
						Real Farm Income
					
				
				
					
						[Billions of chained (2024) dollars]
					
				
				
					
						Year
					
					
						Income of farm operators from farming 1
					
				
				
					
						Gross farm income
					
					
						Productionexpenses
					
					
						Netfarmincome
					
				
				
					
						Total
					
					
						Value of agricultural sector production
					
					
						DirectFederalGovernmentpayments
					
				
				
					
						Total
					
					
						Crops 2, 3
					
					
						Animalsand animalproducts 3
					
					
						Farm-relatedincome 4
					
				
				
					
						2000 
					
					
						415.2
					
					
						375.3
					
					
						163.1
					
					
						170.2
					
					
						42.0
					
					
						39.9
					
					
						328.1
					
					
						87.1
					
				
				
					
						2001 
					
					
						419.6
					
					
						382.0
					
					
						159.6
					
					
						178.6
					
					
						43.8
					
					
						37.7
					
					
						327.5
					
					
						92.2
					
				
				
					
						2002 
					
					
						381.5
					
					
						360.9
					
					
						162.0
					
					
						154.6
					
					
						44.3
					
					
						20.5
					
					
						316.7
					
					
						64.8
					
				
				
					
						2003 
					
					
						419.6
					
					
						392.8
					
					
						176.1
					
					
						170.3
					
					
						46.4
					
					
						26.8
					
					
						320.7
					
					
						98.9
					
				
				
					
						2004 
					
					
						465.8
					
					
						445.3
					
					
						197.7
					
					
						196.3
					
					
						51.3
					
					
						20.5
					
					
						327.7
					
					
						138.1
					
				
				
					
						2005 
					
					
						457.3
					
					
						419.9
					
					
						175.2
					
					
						193.8
					
					
						50.9
					
					
						37.4
					
					
						336.6
					
					
						120.7
					
				
				
					
						2006 
					
					
						431.1
					
					
						407.7
					
					
						176.4
					
					
						177.3
					
					
						54.0
					
					
						23.5
					
					
						345.8
					
					
						85.3
					
				
				
					
						2007 
					
					
						491.2
					
					
						474.0
					
					
						218.6
					
					
						200.2
					
					
						55.2
					
					
						17.2
					
					
						389.9
					
					
						101.3
					
				
				
					
						2008 
					
					
						517.5
					
					
						500.1
					
					
						246.7
					
					
						197.9
					
					
						55.5
					
					
						17.4
					
					
						406.8
					
					
						110.7
					
				
				
					
						2009 
					
					
						474.7
					
					
						457.6
					
					
						232.2
					
					
						168.7
					
					
						56.7
					
					
						17.2
					
					
						387.0
					
					
						87.7
					
				
				
					
						2010 
					
					
						496.9
					
					
						479.6
					
					
						234.3
					
					
						195.5
					
					
						49.9
					
					
						17.3
					
					
						389.4
					
					
						107.5
					
				
				
					
						2011 
					
					
						574.1
					
					
						559.9
					
					
						272.2
					
					
						223.6
					
					
						64.1
					
					
						14.2
					
					
						419.1
					
					
						155.1
					
				
				
					
						2012 
					
					
						602.9
					
					
						588.7
					
					
						285.4
					
					
						226.7
					
					
						76.6
					
					
						14.3
					
					
						473.7
					
					
						129.2
					
				
				
					
						2013 
					
					
						637.9
					
					
						623.4
					
					
						308.1
					
					
						238.7
					
					
						76.7
					
					
						14.5
					
					
						474.9
					
					
						163.0
					
				
				
					
						2014 
					
					
						626.0
					
					
						613.3
					
					
						267.2
					
					
						277.6
					
					
						68.5
					
					
						12.7
					
					
						506.5
					
					
						119.5
					
				
				
					
						2015 
					
					
						566.0
					
					
						552.1
					
					
						236.7
					
					
						249.3
					
					
						66.2
					
					
						13.9
					
					
						461.2
					
					
						104.9
					
				
				
					
						2016 
					
					
						524.4
					
					
						507.8
					
					
						240.8
					
					
						210.4
					
					
						56.7
					
					
						16.5
					
					
						445.1
					
					
						79.3
					
				
				
					
						2017 
					
					
						531.4
					
					
						517.0
					
					
						234.7
					
					
						221.0
					
					
						61.3
					
					
						14.4
					
					
						437.6
					
					
						93.8
					
				
				
					
						2018 
					
					
						518.9
					
					
						502.2
					
					
						227.2
					
					
						216.6
					
					
						58.4
					
					
						16.7
					
					
						419.0
					
					
						100.0
					
				
				
					
						2019 
					
					
						514.5
					
					
						487.6
					
					
						214.0
					
					
						210.4
					
					
						63.2
					
					
						27.0
					
					
						417.7
					
					
						96.8
					
				
				
					
						2020 
					
					
						537.2
					
					
						483.2
					
					
						226.1
					
					
						195.2
					
					
						61.9
					
					
						54.0
					
					
						423.4
					
					
						113.8
					
				
				
					
						2021 
					
					
						582.9
					
					
						553.5
					
					
						274.0
					
					
						220.1
					
					
						59.4
					
					
						29.4
					
					
						421.6
					
					
						161.3
					
				
				
					
						2022 
					
					
						650.0
					
					
						633.5
					
					
						283.6
					
					
						270.6
					
					
						79.3
					
					
						16.5
					
					
						453.6
					
					
						196.4
					
				
				
					
						2023 p 
					
					
						607.1
					
					
						594.6
					
					
						266.9
					
					
						248.2
					
					
						79.6
					
					
						12.4
					
					
						447.8
					
					
						159.2
					
				
				
					
						2024 p 
					
					
						571.2
					
					
						560.9
					
					
						242.6
					
					
						239.7
					
					
						78.6
					
					
						10.2
					
					
						455.1
					
					
						116.1
					
				
				
					
						1 The GDP chain-type price index is used to convert the current-dollar statistics to 2024=100 equivalents.
					
				
				
					
						2 Crop receipts include proceeds received from commodities placed under Commodity Credit Corporation loans.
					
				
				
					
						3 The value of production equates to the sum of cash receipts, home consumption, and the value of the change in inventories.
					
				
				
					
						4 Includes income from forest products sold, the gross imputed rental value of farm dwellings, machine hire and custom work, and other sources of farm income such as commodity insurance indemnities.
					
				
				
					
						Note: Data for 2023 and 2024 are forecasts.
					
				
				
					
						Source: Department of Agriculture (Economic Research Service).
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Corporate Profits
					
				
				
					
						[Billions of dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Profits (before tax) with inventory valuation adjustment 1
					
					
						Profitsbeforetax
					
					
						Taxesoncorporateincome
					
					
						Profits after tax
					
					
						Inventoryvaluationadjustment
					
				
				
					
						Total 2
					
					
						Domestic industries
					
					
						Total
					
					
						Netdividends
					
					
						Undistributedprofits
					
				
				
					
						Total
					
					
						Financial
					
					
						Nonfinancial
					
				
				
					
						Total 3
					
					
						Manufacturing
					
					
						Utilities
					
					
						Wholesale
					
					
						Retail
					
				
				
					
						2014 
					
					
						2,356.1
					
					
						1,951.2
					
					
						536.1
					
					
						1,415.1
					
					
						453.1
					
					
						32.4
					
					
						151.2
					
					
						157.8
					
					
						2,354.3
					
					
						406.9
					
					
						1,947.4
					
					
						1,059.9
					
					
						887.5
					
					
						1.8
					
				
				
					
						2015 
					
					
						2,295.5
					
					
						1,900.3
					
					
						512.4
					
					
						1,387.9
					
					
						421.5
					
					
						19.9
					
					
						153.9
					
					
						170.4
					
					
						2,237.5
					
					
						396.1
					
					
						1,841.4
					
					
						1,128.7
					
					
						712.7
					
					
						57.9
					
				
				
					
						2016 
					
					
						2,245.2
					
					
						1,825.3
					
					
						511.8
					
					
						1,313.5
					
					
						327.9
					
					
						9.4
					
					
						130.0
					
					
						176.6
					
					
						2,240.0
					
					
						376.0
					
					
						1,863.9
					
					
						1,139.4
					
					
						724.5
					
					
						5.2
					
				
				
					
						2017 
					
					
						2,247.5
					
					
						1,748.6
					
					
						491.6
					
					
						1,257.0
					
					
						299.9
					
					
						13.8
					
					
						127.4
					
					
						151.7
					
					
						2,295.1
					
					
						297.2
					
					
						1,998.0
					
					
						1,253.9
					
					
						744.1
					
					
						â47.6
					
				
				
					
						2018 
					
					
						2,266.6
					
					
						1,746.0
					
					
						478.9
					
					
						1,267.1
					
					
						361.7
					
					
						16.5
					
					
						108.2
					
					
						145.6
					
					
						2,317.6
					
					
						297.4
					
					
						2,020.1
					
					
						1,319.9
					
					
						700.2
					
					
						â51.0
					
				
				
					
						2019 
					
					
						2,376.7
					
					
						1,843.7
					
					
						575.2
					
					
						1,268.5
					
					
						353.2
					
					
						11.9
					
					
						125.9
					
					
						150.3
					
					
						2,375.0
					
					
						297.4
					
					
						2,077.6
					
					
						1,416.8
					
					
						660.8
					
					
						1.7
					
				
				
					
						2020 
					
					
						2,478.2
					
					
						2,029.9
					
					
						535.9
					
					
						1,493.9
					
					
						328.1
					
					
						27.4
					
					
						157.8
					
					
						243.3
					
					
						2,494.9
					
					
						307.5
					
					
						2,187.4
					
					
						1,496.7
					
					
						690.7
					
					
						â16.7
					
				
				
					
						2021 
					
					
						2,992.1
					
					
						2,558.4
					
					
						581.5
					
					
						1,977.0
					
					
						464.1
					
					
						33.6
					
					
						171.6
					
					
						276.3
					
					
						3,249.1
					
					
						404.6
					
					
						2,844.5
					
					
						1,814.7
					
					
						1,029.8
					
					
						â257.1
					
				
				
					
						2022 
					
					
						3,426.7
					
					
						2,953.9
					
					
						598.6
					
					
						2,355.3
					
					
						708.7
					
					
						42.6
					
					
						226.1
					
					
						285.1
					
					
						3,523.0
					
					
						542.4
					
					
						2,980.5
					
					
						1,887.3
					
					
						1,093.3
					
					
						â96.2
					
				
				
					
						2023 
					
					
						3,599.3
					
					
						3,088.6
					
					
						556.8
					
					
						2,531.7
					
					
						743.8
					
					
						45.0
					
					
						236.8
					
					
						359.2
					
					
						3,559.7
					
					
						585.2
					
					
						2,974.5
					
					
						1,848.8
					
					
						1,125.8
					
					
						39.6
					
				
				
					
						2022: I 
					
					
						3,198.2
					
					
						2,775.5
					
					
						615.9
					
					
						2,159.6
					
					
						647.7
					
					
						38.4
					
					
						173.7
					
					
						260.9
					
					
						3,439.0
					
					
						529.1
					
					
						2,909.9
					
					
						1,932.9
					
					
						977.0
					
					
						â240.9
					
				
				
					
						      II 
					
					
						3,468.5
					
					
						2,990.0
					
					
						602.7
					
					
						2,387.3
					
					
						709.8
					
					
						41.0
					
					
						196.7
					
					
						291.5
					
					
						3,696.2
					
					
						547.4
					
					
						3,148.7
					
					
						1,920.7
					
					
						1,228.1
					
					
						â227.7
					
				
				
					
						      III 
					
					
						3,541.4
					
					
						3,051.1
					
					
						610.8
					
					
						2,440.2
					
					
						719.6
					
					
						49.7
					
					
						268.5
					
					
						286.6
					
					
						3,558.2
					
					
						544.7
					
					
						3,013.5
					
					
						1,855.6
					
					
						1,157.9
					
					
						â16.8
					
				
				
					
						      IV 
					
					
						3,498.8
					
					
						2,998.9
					
					
						564.8
					
					
						2,434.1
					
					
						757.6
					
					
						41.2
					
					
						265.5
					
					
						301.6
					
					
						3,398.4
					
					
						548.3
					
					
						2,850.1
					
					
						1,839.8
					
					
						1,010.2
					
					
						100.4
					
				
				
					
						2023: I 
					
					
						3,502.8
					
					
						3,010.8
					
					
						591.7
					
					
						2,419.2
					
					
						739.0
					
					
						42.7
					
					
						233.4
					
					
						315.1
					
					
						3,457.6
					
					
						576.5
					
					
						2,881.0
					
					
						1,840.2
					
					
						1,040.8
					
					
						45.3
					
				
				
					
						      II 
					
					
						3,513.6
					
					
						2,999.5
					
					
						537.0
					
					
						2,462.5
					
					
						711.4
					
					
						49.7
					
					
						227.8
					
					
						353.3
					
					
						3,473.1
					
					
						570.3
					
					
						2,902.9
					
					
						1,855.8
					
					
						1,047.1
					
					
						40.5
					
				
				
					
						      III 
					
					
						3,620.1
					
					
						3,097.2
					
					
						546.1
					
					
						2,551.1
					
					
						743.9
					
					
						45.0
					
					
						233.5
					
					
						374.3
					
					
						3,600.6
					
					
						582.8
					
					
						3,017.8
					
					
						1,837.6
					
					
						1,180.2
					
					
						19.5
					
				
				
					
						      IV 
					
					
						3,760.7
					
					
						3,246.7
					
					
						552.6
					
					
						2,694.0
					
					
						780.8
					
					
						42.6
					
					
						252.4
					
					
						393.9
					
					
						3,707.4
					
					
						611.1
					
					
						3,096.3
					
					
						1,861.4
					
					
						1,234.9
					
					
						53.3
					
				
				
					
						2024: I 
					
					
						3,799.4
					
					
						3,283.1
					
					
						626.3
					
					
						2,656.8
					
					
						694.8
					
					
						51.5
					
					
						233.2
					
					
						386.4
					
					
						3,808.5
					
					
						640.3
					
					
						3,168.2
					
					
						1,894.0
					
					
						1,274.2
					
					
						â9.1
					
				
				
					
						      II 
					
					
					
					
					
					
					
					
					
					
					
					
					
						p 1,895.1
					
					
					
				
				
					
						1 See p. 4 for profits with inventory valuation and capital consumption adjustments.
					
				
				
					
						2 Includes rest of the world, not shown separately.
					
				
				
					
						3 Includes industries not shown separately.
					
				
				
					
						Note: Data by industry are based on the North American Industry Classification System (NAICS).
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Real Gross Private Domestic Investment
					
				
				
					
						[Billions of chained (2017) dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Grossprivatedomesticinvestment
					
					
						Fixed investment
					
					
						Change in private inventories
					
				
				
					
						Total
					
					
						Nonresidential
					
					
						Residential
					
					
						Total
					
					
						Nonfarm
					
				
				
					
						Total
					
					
						Structures
					
					
						Equipment 
					
					
						Intellectualpropertyproducts 
					
				
				
					
						2014 
					
					
						3,129.0
					
					
						3,052.6
					
					
						2,421.1
					
					
						597.2
					
					
						1,086.0
					
					
						739.1
					
					
						626.8
					
					
						85.1
					
					
						89.0
					
				
				
					
						2015 
					
					
						3,323.4
					
					
						3,193.6
					
					
						2,498.9
					
					
						598.2
					
					
						1,127.2
					
					
						774.0
					
					
						693.2
					
					
						133.6
					
					
						133.7
					
				
				
					
						2016 
					
					
						3,320.2
					
					
						3,286.9
					
					
						2,544.8
					
					
						579.7
					
					
						1,117.5
					
					
						847.6
					
					
						742.2
					
					
						33.4
					
					
						38.6
					
				
				
					
						2017 
					
					
						3,467.7
					
					
						3,435.0
					
					
						2,661.1
					
					
						594.9
					
					
						1,160.0
					
					
						906.2
					
					
						773.9
					
					
						32.7
					
					
						38.4
					
				
				
					
						2018 
					
					
						3,668.1
					
					
						3,611.7
					
					
						2,844.3
					
					
						629.2
					
					
						1,228.6
					
					
						986.5
					
					
						768.5
					
					
						54.3
					
					
						61.6
					
				
				
					
						2019 
					
					
						3,780.3
					
					
						3,708.5
					
					
						2,950.1
					
					
						644.8
					
					
						1,241.7
					
					
						1,063.5
					
					
						761.3
					
					
						71.3
					
					
						86.3
					
				
				
					
						2020 
					
					
						3,602.5
					
					
						3,630.1
					
					
						2,810.6
					
					
						583.4
					
					
						1,116.3
					
					
						1,111.0
					
					
						816.2
					
					
						â29.9
					
					
						â18.5
					
				
				
					
						2021 
					
					
						3,914.4
					
					
						3,887.3
					
					
						2,975.5
					
					
						564.8
					
					
						1,187.4
					
					
						1,226.6
					
					
						903.8
					
					
						12.5
					
					
						14.5
					
				
				
					
						2022 
					
					
						4,102.8
					
					
						3,939.3
					
					
						3,131.6
					
					
						552.9
					
					
						1,249.2
					
					
						1,338.7
					
					
						822.6
					
					
						128.1
					
					
						142.2
					
				
				
					
						2023 
					
					
						4,051.9
					
					
						3,964.8
					
					
						3,271.7
					
					
						626.1
					
					
						1,245.9
					
					
						1,398.7
					
					
						735.3
					
					
						43.7
					
					
						45.1
					
				
				
					
						2022: I 
					
					
						4,222.4
					
					
						3,976.0
					
					
						3,080.0
					
					
						552.1
					
					
						1,233.5
					
					
						1,301.8
					
					
						893.1
					
					
						197.0
					
					
						215.1
					
				
				
					
						      II 
					
					
						4,105.5
					
					
						3,974.0
					
					
						3,120.0
					
					
						551.4
					
					
						1,248.5
					
					
						1,329.1
					
					
						859.9
					
					
						92.7
					
					
						113.4
					
				
				
					
						      III 
					
					
						4,024.8
					
					
						3,930.9
					
					
						3,156.3
					
					
						549.7
					
					
						1,265.5
					
					
						1,351.9
					
					
						796.3
					
					
						70.7
					
					
						85.5
					
				
				
					
						      IV 
					
					
						4,058.5
					
					
						3,876.5
					
					
						3,170.0
					
					
						558.4
					
					
						1,249.5
					
					
						1,372.1
					
					
						741.2
					
					
						151.9
					
					
						154.8
					
				
				
					
						2023: I 
					
					
						3,963.7
					
					
						3,905.9
					
					
						3,214.5
					
					
						596.6
					
					
						1,236.4
					
					
						1,384.9
					
					
						731.1
					
					
						27.2
					
					
						28.8
					
				
				
					
						      II 
					
					
						4,014.1
					
					
						3,955.9
					
					
						3,272.7
					
					
						619.3
					
					
						1,259.6
					
					
						1,394.0
					
					
						727.1
					
					
						14.9
					
					
						14.8
					
				
				
					
						      III 
					
					
						4,111.1
					
					
						3,981.3
					
					
						3,284.5
					
					
						635.9
					
					
						1,245.5
					
					
						1,400.4
					
					
						738.9
					
					
						77.8
					
					
						78.5
					
				
				
					
						      IV 
					
					
						4,118.7
					
					
						4,016.0
					
					
						3,314.9
					
					
						652.5
					
					
						1,242.1
					
					
						1,415.3
					
					
						744.1
					
					
						54.9
					
					
						58.4
					
				
				
					
						2024: I 
					
					
						4,163.2
					
					
						4,084.2
					
					
						3,351.1
					
					
						658.0
					
					
						1,247.1
					
					
						1,441.8
					
					
						772.2
					
					
						28.6
					
					
						31.5
					
				
				
					
						      II p 
					
					
						4,248.0
					
					
						4,120.9
					
					
						3,393.6
					
					
						652.4
					
					
						1,281.7
					
					
						1,457.8
					
					
						769.5
					
					
						71.3
					
					
						74.5
					
				
				
					
						Note: See p. 10 for further detail on fixed investment by type.
					
				
				
					
						Because of the formula used for calculating real GDP, the chained (2017) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Real Private Fixed Investment by Type
					
				
				
					
						[Billions of chained (2017) dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Totalfixedinvestment
					
					
						Nonresidential
					
					
						Residential
					
				
				
					
						Total nonresidential
					
					
						Structures
					
					
						Equipment
					
					
						Intellectual property products
					
					
						Totalresidential 2
					
					
						Structures
					
				
				
					
						Total 2
					
					
						Information processing equipment
					
					
						Industrialequipment
					
					
						Transportationequipment
					
					
						Total 2
					
					
						Software
					
					
						Researchand development 3
					
					
						Total 2
					
					
						Singlefamily
					
				
				
					
						Total
					
					
						Computersandperipheral equipment 1
					
					
						Other
					
				
				
					
						2014 
					
					
						3,052.6
					
					
						2,421.1
					
					
						597.2
					
					
						1,086.0
					
					
						312.9
					
					
						100.4
					
					
						213.7
					
					
						223.5
					
					
						287.4
					
					
						739.1
					
					
						286.1
					
					
						377.0
					
					
						626.8
					
					
						616.2
					
					
						216.1
					
				
				
					
						2015 
					
					
						3,193.6
					
					
						2,498.9
					
					
						598.2
					
					
						1,127.2
					
					
						336.7
					
					
						100.4
					
					
						236.7
					
					
						225.7
					
					
						318.7
					
					
						774.0
					
					
						304.6
					
					
						390.3
					
					
						693.2
					
					
						681.1
					
					
						240.8
					
				
				
					
						2016 
					
					
						3,286.9
					
					
						2,544.8
					
					
						579.7
					
					
						1,117.5
					
					
						356.1
					
					
						99.7
					
					
						256.5
					
					
						224.9
					
					
						302.6
					
					
						847.6
					
					
						340.5
					
					
						424.5
					
					
						742.2
					
					
						728.6
					
					
						253.2
					
				
				
					
						2017 
					
					
						3,435.0
					
					
						2,661.1
					
					
						594.9
					
					
						1,160.0
					
					
						386.0
					
					
						105.8
					
					
						280.2
					
					
						237.3
					
					
						299.9
					
					
						906.2
					
					
						382.9
					
					
						437.5
					
					
						773.9
					
					
						758.9
					
					
						270.2
					
				
				
					
						2018 
					
					
						3,611.7
					
					
						2,844.3
					
					
						629.2
					
					
						1,228.6
					
					
						416.8
					
					
						119.6
					
					
						297.1
					
					
						248.7
					
					
						318.3
					
					
						986.5
					
					
						433.9
					
					
						464.3
					
					
						768.5
					
					
						753.4
					
					
						277.7
					
				
				
					
						2019 
					
					
						3,708.5
					
					
						2,950.1
					
					
						644.8
					
					
						1,241.7
					
					
						429.2
					
					
						121.3
					
					
						307.8
					
					
						253.2
					
					
						304.6
					
					
						1,063.5
					
					
						466.5
					
					
						507.4
					
					
						761.3
					
					
						746.1
					
					
						260.1
					
				
				
					
						2020 
					
					
						3,630.1
					
					
						2,810.6
					
					
						583.4
					
					
						1,116.3
					
					
						432.2
					
					
						132.1
					
					
						299.5
					
					
						230.8
					
					
						220.0
					
					
						1,111.0
					
					
						509.8
					
					
						517.6
					
					
						816.2
					
					
						800.4
					
					
						276.1
					
				
				
					
						2021 
					
					
						3,887.3
					
					
						2,975.5
					
					
						564.8
					
					
						1,187.4
					
					
						473.8
					
					
						147.2
					
					
						325.8
					
					
						245.9
					
					
						225.7
					
					
						1,226.6
					
					
						581.9
					
					
						565.5
					
					
						903.8
					
					
						886.6
					
					
						338.3
					
				
				
					
						2022 
					
					
						3,939.3
					
					
						3,131.6
					
					
						552.9
					
					
						1,249.2
					
					
						509.9
					
					
						156.5
					
					
						352.7
					
					
						254.8
					
					
						228.2
					
					
						1,338.7
					
					
						660.2
					
					
						597.7
					
					
						822.6
					
					
						805.9
					
					
						310.6
					
				
				
					
						2023 
					
					
						3,964.8
					
					
						3,271.7
					
					
						626.1
					
					
						1,245.9
					
					
						482.8
					
					
						142.2
					
					
						340.7
					
					
						251.8
					
					
						263.8
					
					
						1,398.7
					
					
						720.9
					
					
						603.4
					
					
						735.3
					
					
						718.1
					
					
						259.2
					
				
				
					
						2022: I 
					
					
						3,976.0
					
					
						3,080.0
					
					
						552.1
					
					
						1,233.5
					
					
						520.2
					
					
						520.2
					
					
						355.1
					
					
						259.0
					
					
						196.0
					
					
						1,301.8
					
					
						634.0
					
					
						588.5
					
					
						893.1
					
					
						876.3
					
					
						345.5
					
				
				
					
						      II 
					
					
						3,974.0
					
					
						3,120.0
					
					
						551.4
					
					
						1,248.5
					
					
						511.1
					
					
						511.1
					
					
						355.5
					
					
						255.3
					
					
						222.5
					
					
						1,329.1
					
					
						648.4
					
					
						598.3
					
					
						859.9
					
					
						843.0
					
					
						337.5
					
				
				
					
						      III 
					
					
						3,930.9
					
					
						3,156.3
					
					
						549.7
					
					
						1,265.5
					
					
						517.4
					
					
						517.4
					
					
						355.8
					
					
						251.4
					
					
						242.1
					
					
						1,351.9
					
					
						668.1
					
					
						601.0
					
					
						796.3
					
					
						779.5
					
					
						296.8
					
				
				
					
						      IV 
					
					
						3,876.5
					
					
						3,170.0
					
					
						558.4
					
					
						1,249.5
					
					
						490.7
					
					
						490.7
					
					
						344.6
					
					
						253.6
					
					
						252.1
					
					
						1,372.1
					
					
						690.4
					
					
						602.8
					
					
						741.2
					
					
						724.8
					
					
						262.7
					
				
				
					
						2023: I 
					
					
						3,905.9
					
					
						3,214.5
					
					
						596.6
					
					
						1,236.4
					
					
						489.6
					
					
						489.6
					
					
						347.1
					
					
						256.0
					
					
						243.8
					
					
						1,384.9
					
					
						702.2
					
					
						604.9
					
					
						731.1
					
					
						714.2
					
					
						248.7
					
				
				
					
						      II 
					
					
						3,955.9
					
					
						3,272.7
					
					
						619.3
					
					
						1,259.6
					
					
						482.0
					
					
						482.0
					
					
						337.5
					
					
						252.7
					
					
						276.7
					
					
						1,394.0
					
					
						712.1
					
					
						605.1
					
					
						727.1
					
					
						710.0
					
					
						249.5
					
				
				
					
						      III 
					
					
						3,981.3
					
					
						3,284.5
					
					
						635.9
					
					
						1,245.5
					
					
						473.3
					
					
						473.3
					
					
						336.8
					
					
						249.2
					
					
						275.5
					
					
						1,400.4
					
					
						724.9
					
					
						601.7
					
					
						738.9
					
					
						721.5
					
					
						265.0
					
				
				
					
						      IV 
					
					
						4,016.0
					
					
						3,314.9
					
					
						652.5
					
					
						1,242.1
					
					
						486.3
					
					
						486.3
					
					
						341.4
					
					
						249.2
					
					
						259.2
					
					
						1,415.3
					
					
						744.1
					
					
						602.0
					
					
						744.1
					
					
						726.6
					
					
						273.7
					
				
				
					
						2024: I 
					
					
						4,084.2
					
					
						3,351.1
					
					
						658.0
					
					
						1,247.1
					
					
						494.4
					
					
						494.4
					
					
						334.6
					
					
						256.8
					
					
						246.6
					
					
						1,441.8
					
					
						763.9
					
					
						610.6
					
					
						772.2
					
					
						754.7
					
					
						284.5
					
				
				
					
						      II p 
					
					
						4,120.9
					
					
						3,393.6
					
					
						652.4
					
					
						1,281.7
					
					
						506.5
					
					
						506.5
					
					
						338.5
					
					
						254.7
					
					
						272.8
					
					
						1,457.8
					
					
						776.2
					
					
						615.7
					
					
						769.5
					
					
						751.6
					
					
						280.4
					
				
				
					
						1 Because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the componentâs relative importance or its contribution to the growth rate of more aggregate series. The quantity index for computers can be used to accurately measure the real growth rate of this series. For information on this component, see Survey of Current Business Table 5.3.1 (for growth rates), Table 5.3.2 (for contributions), and Table 5.3.3 (for quantity indexes).
					
				
				
					
						2 Includes other items, not shown separately.
					
				
				
					
						3 Research and development investment includes expenditures for software.
					
				
				
					
						Note: Because of the formula used for calculating real GDP, the chained (2017) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Business Investment
					
				
				
					
						[Billions of dollars]
					
				
				
					
						Period
					
					
						Capital expenditures
					
				
				
					
						Totalcapitalexpenditures
					
					
						By industry
					
					
						Forcompanieswithoutemployees
					
				
				
					
						Totalbyindustry
					
					
						Forestry, fishing, and agricultural services
					
					
						Mining
					
					
						Utilities
					
					
						Construction
					
					
						Manufacturing
					
					
						Wholesaletrade
					
					
						Retailtrade
					
					
						Transportationandwarehousing
					
					
						Information
					
					
						Financeandinsurance
					
					
						Real estateandrentalandleasing
					
					
						Professional, scientific,andtechnical services
					
					
						Healthcareandsocial assistance
					
					
						Other 1
					
				
				
					
					
						 
					
					
						For companies with employees
					
					
				
				
					
						2007 
					
					
						1,354.7
					
					
						1,270.5
					
					
						2.1
					
					
						120.7
					
					
						85.4
					
					
						36.7
					
					
						197.3
					
					
						30.8
					
					
						82.5
					
					
						67.4
					
					
						106.1
					
					
						173.4
					
					
						117.5
					
					
						31.8
					
					
						84.2
					
					
						134.8
					
					
						84.2
					
				
				
					
						2008 
					
					
						1,374.2
					
					
						1,294.5
					
					
						2.3
					
					
						149.3
					
					
						98.7
					
					
						40.8
					
					
						213.1
					
					
						32.4
					
					
						73.2
					
					
						79.6
					
					
						103.3
					
					
						132.9
					
					
						106.9
					
					
						33.0
					
					
						90.2
					
					
						138.7
					
					
						79.7
					
				
				
					
						2009 
					
					
						1,090.7
					
					
						1,015.3
					
					
						2.2
					
					
						100.6
					
					
						103.0
					
					
						19.8
					
					
						155.2
					
					
						25.3
					
					
						58.4
					
					
						55.7
					
					
						88.4
					
					
						99.5
					
					
						72.9
					
					
						28.2
					
					
						79.4
					
					
						127.0
					
					
						75.4
					
				
				
					
						2010 
					
					
						1,105.7
					
					
						1,036.2
					
					
						3.3
					
					
						115.7
					
					
						94.5
					
					
						17.9
					
					
						160.8
					
					
						31.1
					
					
						65.3
					
					
						59.0
					
					
						97.2
					
					
						103.1
					
					
						81.3
					
					
						28.2
					
					
						78.4
					
					
						100.6
					
					
						69.5
					
				
				
					
						2011 
					
					
						1,243.0
					
					
						1,169.6
					
					
						3.1
					
					
						165.7
					
					
						98.0
					
					
						21.8
					
					
						192.4
					
					
						35.7
					
					
						68.1
					
					
						72.7
					
					
						100.1
					
					
						109.2
					
					
						91.1
					
					
						28.1
					
					
						83.1
					
					
						100.4
					
					
						73.4
					
				
				
					
						2012 
					
					
						1,423.6
					
					
						1,334.4
					
					
						3.1
					
					
						196.7
					
					
						125.0
					
					
						23.6
					
					
						203.1
					
					
						40.9
					
					
						77.6
					
					
						81.8
					
					
						106.5
					
					
						130.2
					
					
						115.7
					
					
						31.6
					
					
						88.9
					
					
						110.0
					
					
						89.2
					
				
				
					
						2013 
					
					
						1,491.3
					
					
						1,400.9
					
					
						3.0
					
					
						202.2
					
					
						111.3
					
					
						27.6
					
					
						221.3
					
					
						37.5
					
					
						77.5
					
					
						92.6
					
					
						123.9
					
					
						137.8
					
					
						114.2
					
					
						35.7
					
					
						94.2
					
					
						122.1
					
					
						90.4
					
				
				
					
						2014 
					
					
						1,597.9
					
					
						1,506.6
					
					
						4.0
					
					
						230.8
					
					
						118.9
					
					
						30.3
					
					
						231.1
					
					
						44.8
					
					
						82.4
					
					
						111.0
					
					
						132.0
					
					
						153.3
					
					
						121.9
					
					
						30.4
					
					
						89.0
					
					
						126.8
					
					
						91.3
					
				
				
					
						2015 
					
					
						1,642.0
					
					
						1,548.1
					
					
						3.3
					
					
						174.1
					
					
						130.5
					
					
						33.3
					
					
						245.1
					
					
						42.4
					
					
						86.0
					
					
						116.6
					
					
						132.7
					
					
						164.6
					
					
						151.9
					
					
						33.3
					
					
						93.8
					
					
						140.6
					
					
						93.9
					
				
				
					
						2016 
					
					
						1,574.8
					
					
						1,479.4
					
					
						4.6
					
					
						92.6
					
					
						133.5
					
					
						36.0
					
					
						243.6
					
					
						43.8
					
					
						86.9
					
					
						109.7
					
					
						142.9
					
					
						161.7
					
					
						150.7
					
					
						31.7
					
					
						93.6
					
					
						148.3
					
					
						95.4
					
				
				
					
						2017 
					
					
						1,678.8
					
					
						1,577.8
					
					
						4.5
					
					
						134.4
					
					
						133.9
					
					
						35.0
					
					
						247.0
					
					
						44.0
					
					
						90.5
					
					
						108.5
					
					
						158.9
					
					
						163.0
					
					
						161.4
					
					
						37.2
					
					
						104.6
					
					
						154.8
					
					
						101.0
					
				
				
					
						2018 
					
					
						1,699.1
					
					
						1,699.1
					
					
						4.7
					
					
						153.4
					
					
						151.0
					
					
						39.0
					
					
						258.1
					
					
						42.8
					
					
						89.2
					
					
						122.4
					
					
						175.1
					
					
						181.5
					
					
						173.9
					
					
						42.0
					
					
						108.6
					
					
						157.6
					
					
				
				
					
						2019 
					
					
						1,917.1
					
					
						1,805.7
					
					
						4.1
					
					
						160.8
					
					
						172.9
					
					
						50.8
					
					
						272.7
					
					
						40.2
					
					
						98.8
					
					
						130.8
					
					
						176.8
					
					
						195.2
					
					
						180.2
					
					
						43.6
					
					
						114.4
					
					
						164.5
					
					
						111.4
					
				
				
					
						2020 
					
					
						1,707.8
					
					
						1,598.8
					
					
						3.2
					
					
						97.7
					
					
						182.2
					
					
						52.1
					
					
						256.7
					
					
						36.0
					
					
						105.2
					
					
						97.8
					
					
						169.8
					
					
						174.9
					
					
						136.0
					
					
						40.3
					
					
						104.8
					
					
						142.0
					
					
						109.0
					
				
				
					
						2021 p 
					
					
						1,681.7
					
					
						1,681.7
					
					
						3.1
					
					
						91.1
					
					
						177.8
					
					
						44.9
					
					
						282.2
					
					
						40.4
					
					
						120.3
					
					
						93.7
					
					
						194.5
					
					
						174.3
					
					
						158.3
					
					
						46.6
					
					
						113.9
					
					
						140.7
					
					
				
				
					
						1 Includes the following industries: Management of companies and enterprises; administrative and support and waste management; educational services; arts, entertainment, and recreation; accommodation and food services; and other services (except public administration). Also includes an item for structure and equipment expenditures serving multiple industry categories.
					
				
				
					
						Note: Data from Annual Capital Expenditures. Industry data are based on the North American Industry Classification System (NAICS).
					
				
				
					
						Data shown in this table are capital expenditures for both new and used structures and equipment.
					
				
				
					
						Source: Department of Commerce (Bureau of the Census).
					
				
			
		
		Employment, Unemployment, and wages
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Status of the Labor Force
					
				
				
					
						[Thousands of persons 16 years of age and over, except as noted; monthly data seasonally adjusted except as noted by NSA]
					
				
				
					
						Period
					
					
						Civilian noninstitutional population(NSA)
					
					
						Civilian labor force
					
					
						Civilian employment
					
					
						Unemployment
					
					
						Notinlaborforce
					
					
						Percent 1
					
				
				
					
						Total
					
					
						Men20 yearsandover
					
					
						Women20 yearsandover
					
					
						Bothsexes16â19years
					
					
						Total
					
					
						Men20 yearsandover
					
					
						Women20 yearsandover
					
					
						Bothsexes16â19years
					
					
						Laborforceparticipationrate
					
					
						Employment/ populationratio
					
					
						Unemploymentrate
					
				
				
					
						2014 
					
					
						247,947
					
					
						155,922
					
					
						146,305
					
					
						75,471
					
					
						66,287
					
					
						4,548
					
					
						9,617
					
					
						4,585
					
					
						3,926
					
					
						1,106
					
					
						92,025
					
					
						62.9
					
					
						59.0
					
					
						6.2
					
				
				
					
						2015 
					
					
						250,801
					
					
						157,130
					
					
						148,834
					
					
						76,776
					
					
						67,323
					
					
						4,734
					
					
						8,296
					
					
						3,959
					
					
						3,371
					
					
						966
					
					
						93,671
					
					
						62.7
					
					
						59.3
					
					
						5.3
					
				
				
					
						2016 
					
					
						253,538
					
					
						159,187
					
					
						151,436
					
					
						78,084
					
					
						68,387
					
					
						4,965
					
					
						7,751
					
					
						3,675
					
					
						3,151
					
					
						925
					
					
						94,351
					
					
						62.8
					
					
						59.7
					
					
						4.9
					
				
				
					
						2017 
					
					
						255,079
					
					
						160,320
					
					
						153,337
					
					
						78,919
					
					
						69,344
					
					
						5,074
					
					
						6,982
					
					
						3,287
					
					
						2,868
					
					
						827
					
					
						94,759
					
					
						62.9
					
					
						60.1
					
					
						4.4
					
				
				
					
						2018 
					
					
						257,791
					
					
						162,075
					
					
						155,761
					
					
						80,211
					
					
						70,424
					
					
						5,126
					
					
						6,314
					
					
						2,976
					
					
						2,578
					
					
						759
					
					
						95,716
					
					
						62.9
					
					
						60.4
					
					
						3.9
					
				
				
					
						2019 
					
					
						259,175
					
					
						163,539
					
					
						157,538
					
					
						80,917
					
					
						71,470
					
					
						5,150
					
					
						6,001
					
					
						2,819
					
					
						2,435
					
					
						746
					
					
						95,636
					
					
						63.1
					
					
						60.8
					
					
						3.7
					
				
				
					
						2020 
					
					
						260,329
					
					
						160,742
					
					
						147,795
					
					
						76,227
					
					
						66,873
					
					
						4,695
					
					
						12,947
					
					
						6,118
					
					
						5,804
					
					
						1,025
					
					
						99,587
					
					
						61.7
					
					
						56.8
					
					
						8.1
					
				
				
					
						2021 
					
					
						261,445
					
					
						161,204
					
					
						152,581
					
					
						78,216
					
					
						69,099
					
					
						5,266
					
					
						8,623
					
					
						4,302
					
					
						3,625
					
					
						696
					
					
						100,241
					
					
						61.7
					
					
						58.4
					
					
						5.3
					
				
				
					
						2022 
					
					
						263,973
					
					
						164,287
					
					
						158,291
					
					
						81,409
					
					
						71,283
					
					
						5,600
					
					
						5,996
					
					
						2,867
					
					
						2,453
					
					
						675
					
					
						99,686
					
					
						62.2
					
					
						60.0
					
					
						3.6
					
				
				
					
						2023 
					
					
						266,942
					
					
						167,116
					
					
						161,037
					
					
						82,698
					
					
						72,692
					
					
						5,647
					
					
						6,080
					
					
						2,985
					
					
						2,382
					
					
						713
					
					
						99,826
					
					
						62.6
					
					
						60.3
					
					
						3.6
					
				
				
					
						2023: July 
					
					
						267,002
					
					
						167,113
					
					
						161,209
					
					
						82,896
					
					
						72,837
					
					
						5,476
					
					
						5,904
					
					
						2,874
					
					
						2,330
					
					
						699
					
					
						99,889
					
					
						62.6
					
					
						60.4
					
					
						3.5
					
				
				
					
						      Aug 
					
					
						267,213
					
					
						167,840
					
					
						161,500
					
					
						82,800
					
					
						73,107
					
					
						5,593
					
					
						6,340
					
					
						3,151
					
					
						2,407
					
					
						781
					
					
						99,374
					
					
						62.8
					
					
						60.4
					
					
						3.8
					
				
				
					
						      Sept 
					
					
						267,428
					
					
						167,897
					
					
						161,550
					
					
						82,853
					
					
						73,119
					
					
						5,578
					
					
						6,347
					
					
						3,271
					
					
						2,333
					
					
						743
					
					
						99,531
					
					
						62.8
					
					
						60.4
					
					
						3.8
					
				
				
					
						      Oct 
					
					
						267,642
					
					
						167,723
					
					
						161,280
					
					
						82,526
					
					
						73,066
					
					
						5,688
					
					
						6,443
					
					
						3,161
					
					
						2,421
					
					
						861
					
					
						99,919
					
					
						62.7
					
					
						60.3
					
					
						3.8
					
				
				
					
						      Nov 
					
					
						267,822
					
					
						168,127
					
					
						161,866
					
					
						83,084
					
					
						73,049
					
					
						5,733
					
					
						6,262
					
					
						3,172
					
					
						2,350
					
					
						739
					
					
						99,695
					
					
						62.8
					
					
						60.4
					
					
						3.7
					
				
				
					
						      Dec 
					
					
						267,991
					
					
						167,451
					
					
						161,183
					
					
						82,958
					
					
						72,587
					
					
						5,638
					
					
						6,268
					
					
						3,050
					
					
						2,460
					
					
						758
					
					
						100,540
					
					
						62.5
					
					
						60.1
					
					
						3.7
					
				
				
					
						2024: Jan 
					
					
						267,540
					
					
						167,276
					
					
						161,152
					
					
						82,304
					
					
						73,144
					
					
						5,704
					
					
						6,124
					
					
						3,060
					
					
						2,385
					
					
						679
					
					
						100,265
					
					
						62.5
					
					
						60.2
					
					
						3.7
					
				
				
					
						      Feb 
					
					
						267,711
					
					
						167,426
					
					
						160,968
					
					
						82,178
					
					
						73,182
					
					
						5,608
					
					
						6,458
					
					
						3,002
					
					
						2,653
					
					
						803
					
					
						100,285
					
					
						62.5
					
					
						60.1
					
					
						3.9
					
				
				
					
						      Mar 
					
					
						267,884
					
					
						167,895
					
					
						161,466
					
					
						82,543
					
					
						73,061
					
					
						5,862
					
					
						6,429
					
					
						2,855
					
					
						2,731
					
					
						842
					
					
						99,989
					
					
						62.7
					
					
						60.3
					
					
						3.8
					
				
				
					
						      Apr 
					
					
						268,066
					
					
						167,982
					
					
						161,491
					
					
						82,318
					
					
						73,334
					
					
						5,839
					
					
						6,492
					
					
						3,064
					
					
						2,655
					
					
						772
					
					
						100,083
					
					
						62.7
					
					
						60.2
					
					
						3.9
					
				
				
					
						      May 
					
					
						268,248
					
					
						167,732
					
					
						161,083
					
					
						81,986
					
					
						73,226
					
					
						5,871
					
					
						6,649
					
					
						3,243
					
					
						2,586
					
					
						821
					
					
						100,516
					
					
						62.5
					
					
						60.1
					
					
						4.0
					
				
				
					
						      June 
					
					
						268,438
					
					
						168,009
					
					
						161,199
					
					
						82,618
					
					
						72,798
					
					
						5,782
					
					
						6,811
					
					
						3,227
					
					
						2,788
					
					
						795
					
					
						100,429
					
					
						62.6
					
					
						60.1
					
					
						4.1
					
				
				
					
						      July 
					
					
						268,644
					
					
						168,429
					
					
						161,266
					
					
						82,576
					
					
						73,078
					
					
						5,612
					
					
						7,163
					
					
						3,477
					
					
						2,890
					
					
						795
					
					
						100,215
					
					
						62.7
					
					
						60.0
					
					
						4.3
					
				
				
					
						1 Civilian labor force (or employment) as percent of civilian noninstitutional population; and unemployment as percent of civilian labor force.
					
				
				
					
						Note: Beginning each January, data reflect revised population controls and are not strictly comparable with earlier data.
					
				
				
					
						See Employment and Earnings for details on breaks in series.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Selected Unemployment Rates
					
				
				
					
						[Monthly data seasonally adjusted, except as noted by NSA]
					
				
				
					
						Period
					
					
						Unemployment rate (percent of civilian labor force in group)
					
				
				
					
						Allcivilianworkers
					
					
						By sex and age
					
					
						By race or ethnicity 1
					
					
						By selected groups
					
				
				
					
						Men20 yearsandover
					
					
						Women20 yearsandover
					
					
						Bothsexes16â19years
					
					
						White
					
					
						BlackorAfricanAmerican
					
					
						Asian
					
					
						HispanicorLatinoethnicity
					
					
						Marriedmen,spousepresent
					
					
						Womenwhomaintainfamilies(NSA)
					
					
						Full-timeworkers
					
					
						Part-timeworkers
					
				
				
					
						2014 
					
					
						6.2
					
					
						5.7
					
					
						5.6
					
					
						19.6
					
					
						5.3
					
					
						11.3
					
					
						5.0
					
					
						7.4
					
					
						3.4
					
					
						8.6
					
					
						6.4
					
					
						5.4
					
				
				
					
						2015 
					
					
						5.3
					
					
						4.9
					
					
						4.8
					
					
						16.9
					
					
						4.6
					
					
						9.6
					
					
						3.8
					
					
						6.6
					
					
						2.8
					
					
						7.4
					
					
						5.4
					
					
						4.9
					
				
				
					
						2016 
					
					
						4.9
					
					
						4.5
					
					
						4.4
					
					
						15.7
					
					
						4.3
					
					
						8.4
					
					
						3.6
					
					
						5.8
					
					
						2.7
					
					
						6.8
					
					
						4.9
					
					
						4.8
					
				
				
					
						2017 
					
					
						4.4
					
					
						4.0
					
					
						4.0
					
					
						14.0
					
					
						3.8
					
					
						7.5
					
					
						3.4
					
					
						5.1
					
					
						2.4
					
					
						6.2
					
					
						4.3
					
					
						4.6
					
				
				
					
						2018 
					
					
						3.9
					
					
						3.6
					
					
						3.5
					
					
						12.9
					
					
						3.5
					
					
						6.5
					
					
						3.0
					
					
						4.7
					
					
						2.0
					
					
						5.4
					
					
						3.8
					
					
						4.4
					
				
				
					
						2019 
					
					
						3.7
					
					
						3.4
					
					
						3.3
					
					
						12.7
					
					
						3.3
					
					
						6.1
					
					
						2.7
					
					
						4.3
					
					
						1.8
					
					
						5.0
					
					
						3.6
					
					
						4.1
					
				
				
					
						2020 
					
					
						8.1
					
					
						7.4
					
					
						8.0
					
					
						17.9
					
					
						7.3
					
					
						11.4
					
					
						8.7
					
					
						10.4
					
					
						4.9
					
					
						9.6
					
					
						7.7
					
					
						10.0
					
				
				
					
						2021 
					
					
						5.3
					
					
						5.2
					
					
						5.0
					
					
						11.7
					
					
						4.7
					
					
						8.6
					
					
						5.0
					
					
						6.8
					
					
						3.2
					
					
						7.1
					
					
						5.4
					
					
						5.1
					
				
				
					
						2022 
					
					
						3.6
					
					
						3.4
					
					
						3.3
					
					
						10.8
					
					
						3.2
					
					
						6.1
					
					
						2.8
					
					
						4.3
					
					
						1.9
					
					
						4.8
					
					
						3.6
					
					
						4.1
					
				
				
					
						2023 
					
					
						3.6
					
					
						3.5
					
					
						3.2
					
					
						11.2
					
					
						3.3
					
					
						5.5
					
					
						3.0
					
					
						4.6
					
					
						1.9
					
					
						4.6
					
					
						3.6
					
					
						4.0
					
				
				
					
						2023: July 
					
					
						3.5
					
					
						3.4
					
					
						3.1
					
					
						11.3
					
					
						3.1
					
					
						5.7
					
					
						2.3
					
					
						4.4
					
					
						1.7
					
					
						4.5
					
					
						3.4
					
					
						4.1
					
				
				
					
						      Aug 
					
					
						3.8
					
					
						3.7
					
					
						3.2
					
					
						12.3
					
					
						3.4
					
					
						5.3
					
					
						3.2
					
					
						4.9
					
					
						2.0
					
					
						4.9
					
					
						3.7
					
					
						4.4
					
				
				
					
						      Sept 
					
					
						3.8
					
					
						3.8
					
					
						3.1
					
					
						11.8
					
					
						3.4
					
					
						5.7
					
					
						2.9
					
					
						4.6
					
					
						2.1
					
					
						4.0
					
					
						3.6
					
					
						4.3
					
				
				
					
						      Oct 
					
					
						3.8
					
					
						3.7
					
					
						3.2
					
					
						13.1
					
					
						3.5
					
					
						5.8
					
					
						3.1
					
					
						4.8
					
					
						2.0
					
					
						4.6
					
					
						3.7
					
					
						4.6
					
				
				
					
						      Nov 
					
					
						3.7
					
					
						3.7
					
					
						3.1
					
					
						11.4
					
					
						3.3
					
					
						5.8
					
					
						3.5
					
					
						4.6
					
					
						2.0
					
					
						4.8
					
					
						3.7
					
					
						3.9
					
				
				
					
						      Dec 
					
					
						3.7
					
					
						3.5
					
					
						3.3
					
					
						11.9
					
					
						3.5
					
					
						5.2
					
					
						3.1
					
					
						5.0
					
					
						2.1
					
					
						4.7
					
					
						3.8
					
					
						3.8
					
				
				
					
						2024: Jan 
					
					
						3.7
					
					
						3.6
					
					
						3.2
					
					
						10.6
					
					
						3.4
					
					
						5.3
					
					
						2.9
					
					
						5.0
					
					
						2.1
					
					
						5.4
					
					
						3.6
					
					
						4.2
					
				
				
					
						      Feb 
					
					
						3.9
					
					
						3.5
					
					
						3.5
					
					
						12.5
					
					
						3.4
					
					
						5.6
					
					
						3.4
					
					
						5.0
					
					
						1.9
					
					
						5.5
					
					
						3.9
					
					
						3.9
					
				
				
					
						      Mar 
					
					
						3.8
					
					
						3.3
					
					
						3.6
					
					
						12.6
					
					
						3.4
					
					
						6.4
					
					
						2.5
					
					
						4.5
					
					
						1.8
					
					
						5.3
					
					
						3.7
					
					
						4.4
					
				
				
					
						      Apr 
					
					
						3.9
					
					
						3.6
					
					
						3.5
					
					
						11.7
					
					
						3.5
					
					
						5.6
					
					
						2.8
					
					
						4.8
					
					
						2.1
					
					
						4.8
					
					
						3.8
					
					
						4.2
					
				
				
					
						      May 
					
					
						4.0
					
					
						3.8
					
					
						3.4
					
					
						12.3
					
					
						3.5
					
					
						6.1
					
					
						3.1
					
					
						5.0
					
					
						1.9
					
					
						4.4
					
					
						3.9
					
					
						4.0
					
				
				
					
						      June 
					
					
						4.1
					
					
						3.8
					
					
						3.7
					
					
						12.1
					
					
						3.5
					
					
						6.3
					
					
						4.1
					
					
						4.9
					
					
						1.9
					
					
						6.2
					
					
						4.0
					
					
						4.2
					
				
				
					
						      July 
					
					
						4.3
					
					
						4.0
					
					
						3.8
					
					
						12.4
					
					
						3.8
					
					
						6.3
					
					
						3.7
					
					
						5.3
					
					
						2.1
					
					
						5.6
					
					
						4.1
					
					
						4.7
					
				
				
					
						1 Persons who selected this race group only. Persons whose ethnicity is identified as Hispanic or Latino may be of any race.
					
				
				
					
						Note: Data relate to persons age 16 years and over.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Selected Measures of Unemployment and Unemployment Insurance Programs
					
				
				
					
						[Monthly data seasonally adjusted, except as noted by NSA]
					
				
				
					
						Period
					
					
						Unemployment (thousands)
					
					
						Duration of unemployment
					
					
						Reason for unemployment: percent distribution
					
					
						State programs
					
					
						Insured unemployment,allprograms(NSA) 2
					
				
				
					
						Percent distribution
					
					
						Number of weeks
					
					
						Joblosers
					
					
						Jobleavers
					
					
						Reentrants
					
					
						Newentrants
					
					
						Insuredunemployment(NSA)
					
					
						Initialclaims(NSA)
					
				
				
					
						Lessthan5 weeks
					
					
						5â14weeks
					
					
						15â26weeks
					
					
						27 weeksand over
					
					
						Average(mean) 1
					
					
						Median
					
				
				
					
						 
					
					
					
					
					
					
					
					
					
					
					
					
					
						Weekly average, thousands
					
				
				
					
						2014 
					
					
						9,617
					
					
						25.7
					
					
						25.3
					
					
						15.6
					
					
						33.5
					
					
						33.7
					
					
						14.0
					
					
						50.7
					
					
						8.6
					
					
						29.4
					
					
						11.3
					
					
						2,574
					
					
						304
					
					
						2,657
					
				
				
					
						2015 
					
					
						8,296
					
					
						28.9
					
					
						27.7
					
					
						15.3
					
					
						28.1
					
					
						29.2
					
					
						11.6
					
					
						49.0
					
					
						9.9
					
					
						30.6
					
					
						10.6
					
					
						2,237
					
					
						275
					
					
						2,274
					
				
				
					
						2016 
					
					
						7,751
					
					
						30.5
					
					
						28.7
					
					
						14.9
					
					
						25.9
					
					
						27.5
					
					
						10.6
					
					
						48.2
					
					
						11.1
					
					
						30.1
					
					
						10.6
					
					
						2,099
					
					
						259
					
					
						2,128
					
				
				
					
						2017 
					
					
						6,982
					
					
						32.5
					
					
						28.8
					
					
						14.6
					
					
						24.2
					
					
						25.0
					
					
						10.0
					
					
						49.2
					
					
						11.1
					
					
						29.8
					
					
						9.9
					
					
						1,948
					
					
						240
					
					
						1,971
					
				
				
					
						2018 
					
					
						6,314
					
					
						34.4
					
					
						29.7
					
					
						14.5
					
					
						21.4
					
					
						22.7
					
					
						9.3
					
					
						47.4
					
					
						12.6
					
					
						30.5
					
					
						9.5
					
					
						1,755
					
					
						219
					
					
						1,774
					
				
				
					
						2019 
					
					
						6,001
					
					
						34.8
					
					
						29.8
					
					
						14.3
					
					
						21.1
					
					
						21.6
					
					
						9.1
					
					
						46.4
					
					
						13.6
					
					
						30.2
					
					
						9.8
					
					
						1,684
					
					
						217
					
					
						1,702
					
				
				
					
						2020 
					
					
						12,947
					
					
						28.6
					
					
						36.5
					
					
						19.4
					
					
						15.4
					
					
						16.5
					
					
						9.7
					
					
						75.5
					
					
						5.3
					
					
						15.2
					
					
						4.1
					
					
						10,093
					
					
						1,377
					
					
						19,081
					
				
				
					
						2021 
					
					
						8,623
					
					
						24.8
					
					
						23.0
					
					
						13.5
					
					
						38.7
					
					
						28.7
					
					
						16.5
					
					
						59.1
					
					
						9.3
					
					
						25.6
					
					
						6.0
					
					
						3,191
					
					
						547
					
					
						12,034
					
				
				
					
						2022 
					
					
						5,996
					
					
						37.0
					
					
						28.5
					
					
						12.6
					
					
						21.9
					
					
						22.6
					
					
						8.7
					
					
						46.1
					
					
						14.3
					
					
						31.5
					
					
						8.0
					
					
						1,503
					
					
						221
					
					
						1,657
					
				
				
					
						2023 
					
					
						6,080
					
					
						34.7
					
					
						30.7
					
					
						15.2
					
					
						19.4
					
					
						20.6
					
					
						8.9
					
					
						47.2
					
					
						13.5
					
					
						30.1
					
					
						9.1
					
					
						1,760
					
					
						231
					
					
						1,801
					
				
				
					
						2023: July 
					
					
						5,904
					
					
						34.0
					
					
						29.5
					
					
						16.2
					
					
						20.4
					
					
						20.6
					
					
						8.9
					
					
						45.4
					
					
						14.3
					
					
						31.3
					
					
						9.0
					
					
						2,122
					
					
						265
					
					
						2,157
					
				
				
					
						      Aug 
					
					
						6,340
					
					
						34.6
					
					
						29.7
					
					
						15.1
					
					
						20.6
					
					
						20.4
					
					
						8.8
					
					
						47.0
					
					
						12.8
					
					
						30.8
					
					
						9.4
					
					
						1,902
					
					
						235
					
					
						1,932
					
				
				
					
						      Sept 
					
					
						6,347
					
					
						32.2
					
					
						32.0
					
					
						15.4
					
					
						20.4
					
					
						21.4
					
					
						9.1
					
					
						45.7
					
					
						12.7
					
					
						32.3
					
					
						9.3
					
					
						1,637
					
					
						188
					
					
						1,666
					
				
				
					
						      Oct 
					
					
						6,443
					
					
						35.0
					
					
						28.4
					
					
						16.7
					
					
						19.9
					
					
						21.6
					
					
						8.6
					
					
						48.8
					
					
						12.5
					
					
						29.2
					
					
						9.4
					
					
						1,859
					
					
						222
					
					
						1,887
					
				
				
					
						      Nov 
					
					
						6,262
					
					
						33.0
					
					
						32.8
					
					
						14.8
					
					
						19.4
					
					
						19.5
					
					
						9.0
					
					
						49.1
					
					
						13.2
					
					
						28.4
					
					
						9.3
					
					
						1,709
					
					
						256
					
					
						1,734
					
				
				
					
						      Dec 
					
					
						6,268
					
					
						34.6
					
					
						28.3
					
					
						17.4
					
					
						19.7
					
					
						22.3
					
					
						9.7
					
					
						49.0
					
					
						13.4
					
					
						27.9
					
					
						9.8
					
					
						2,039
					
					
						290
					
					
						2,068
					
				
				
					
						2024: Jan 
					
					
						6,124
					
					
						34.9
					
					
						30.1
					
					
						14.1
					
					
						20.8
					
					
						20.8
					
					
						9.6
					
					
						48.8
					
					
						12.8
					
					
						29.5
					
					
						8.9
					
					
						2,386
					
					
						312
					
					
						2,416
					
				
				
					
						      Feb 
					
					
						6,458
					
					
						36.1
					
					
						30.0
					
					
						15.1
					
					
						18.7
					
					
						20.9
					
					
						9.3
					
					
						49.6
					
					
						11.0
					
					
						30.0
					
					
						9.4
					
					
						2,131
					
					
						220
					
					
						2,159
					
				
				
					
						      Mar 
					
					
						6,429
					
					
						34.2
					
					
						30.9
					
					
						15.3
					
					
						19.5
					
					
						21.6
					
					
						9.5
					
					
						47.1
					
					
						12.7
					
					
						29.7
					
					
						10.5
					
					
						2,208
					
					
						211
					
					
						2,234
					
				
				
					
						      Apr r 
					
					
						6,492
					
					
						35.5
					
					
						31.2
					
					
						13.6
					
					
						19.6
					
					
						19.9
					
					
						8.7
					
					
						49.6
					
					
						12.0
					
					
						29.5
					
					
						8.8
					
					
						1,989
					
					
						225
					
					
						2,015
					
				
				
					
						      May 
					
					
						6,649
					
					
						35.3
					
					
						29.4
					
					
						14.6
					
					
						20.7
					
					
						21.2
					
					
						8.9
					
					
						48.7
					
					
						10.8
					
					
						30.9
					
					
						9.5
					
					
						1,762
					
					
						220
					
					
						1,785
					
				
				
					
						      June 
					
					
						6,811
					
					
						31.1
					
					
						30.8
					
					
						15.9
					
					
						22.2
					
					
						20.7
					
					
						9.8
					
					
						47.2
					
					
						11.2
					
					
						31.1
					
					
						10.5
					
					
						1,919
					
					
						242
					
					
						1,941
					
				
				
					
						      July 
					
					
						7,163
					
					
						33.0
					
					
						30.1
					
					
						15.3
					
					
						21.6
					
					
						20.6
					
					
						9.4
					
					
						48.8
					
					
						11.9
					
					
						30.2
					
					
						9.1
					
					
					
					
				
				
					
						1 Beginning January 2011, includes unemployment durations of up to 5 years; prior data are for up to 2 years.
					
				
				
					
						2 Includes State (50 States, District of Columbia, Puerto Rico, and the Virgin Islands), Federal (UCFE), ex-service members (UCX), and Federal and State extended benefit programs. Also includes Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation (2020-2021), Emergency Unemployment Compensation (2008-2013), and Federal Additional Compensation (2009-2010).
					
				
				
					
						Note: Data relate to persons age 16 years and over (except for insured unemployment and initial claims).
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics and Employment and Training Administration).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Nonagricultural Employment
					
				
				
					
						[Thousands of wage and salary workers; 1 monthly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Total nonagricultural employment
					
					
						Private industries
					
					
						Government
					
				
				
					
						Totalprivate
					
					
						Goods-producing industries
					
					
						Private service-providing industries
					
				
				
					
						Total 2
					
					
						Construction
					
					
						Manufacturing
					
					
						Total
					
					
						Trade, transportation, and utilities
					
					
						Information
					
					
						Financial activities
					
					
						Professionalandbusinessservices
					
					
						Education andhealthservices
					
					
						Leisureandhospitality
					
					
						Otherservices
					
				
				
					
						Total 3
					
					
						Retail trade
					
				
				
					
						2014 
					
					
						138,939
					
					
						117,058
					
					
						19,226
					
					
						6,151
					
					
						12,185
					
					
						97,831
					
					
						26,253
					
					
						15,313
					
					
						2,726
					
					
						7,977
					
					
						19,174
					
					
						21,439
					
					
						14,696
					
					
						5,567
					
					
						21,882
					
				
				
					
						2015 
					
					
						141,824
					
					
						119,795
					
					
						19,610
					
					
						6,461
					
					
						12,336
					
					
						100,185
					
					
						26,754
					
					
						15,559
					
					
						2,750
					
					
						8,123
					
					
						19,747
					
					
						22,029
					
					
						15,160
					
					
						5,622
					
					
						22,029
					
				
				
					
						2016 
					
					
						144,335
					
					
						122,111
					
					
						19,749
					
					
						6,728
					
					
						12,354
					
					
						102,362
					
					
						27,124
					
					
						15,777
					
					
						2,794
					
					
						8,287
					
					
						20,168
					
					
						22,639
					
					
						15,660
					
					
						5,691
					
					
						22,224
					
				
				
					
						2017 
					
					
						146,607
					
					
						124,257
					
					
						20,084
					
					
						6,969
					
					
						12,439
					
					
						104,173
					
					
						27,336
					
					
						15,789
					
					
						2,814
					
					
						8,451
					
					
						20,563
					
					
						23,188
					
					
						16,051
					
					
						5,770
					
					
						22,350
					
				
				
					
						2018 
					
					
						148,908
					
					
						126,454
					
					
						20,704
					
					
						7,288
					
					
						12,688
					
					
						105,750
					
					
						27,549
					
					
						15,728
					
					
						2,839
					
					
						8,590
					
					
						21,008
					
					
						23,638
					
					
						16,295
					
					
						5,831
					
					
						22,455
					
				
				
					
						2019 
					
					
						150,904
					
					
						128,291
					
					
						21,037
					
					
						7,493
					
					
						12,817
					
					
						107,254
					
					
						27,662
					
					
						15,560
					
					
						2,864
					
					
						8,754
					
					
						21,334
					
					
						24,163
					
					
						16,586
					
					
						5,891
					
					
						22,613
					
				
				
					
						2020 
					
					
						142,186
					
					
						120,200
					
					
						20,023
					
					
						7,257
					
					
						12,167
					
					
						100,177
					
					
						26,624
					
					
						14,809
					
					
						2,721
					
					
						8,704
					
					
						20,376
					
					
						23,275
					
					
						13,148
					
					
						5,329
					
					
						21,986
					
				
				
					
						2021 
					
					
						146,285
					
					
						124,311
					
					
						20,350
					
					
						7,436
					
					
						12,354
					
					
						103,961
					
					
						27,653
					
					
						15,253
					
					
						2,856
					
					
						8,806
					
					
						21,386
					
					
						23,652
					
					
						14,151
					
					
						5,457
					
					
						21,973
					
				
				
					
						2022 
					
					
						152,520
					
					
						130,329
					
					
						21,179
					
					
						7,763
					
					
						12,812
					
					
						109,150
					
					
						28,632
					
					
						15,489
					
					
						3,063
					
					
						9,062
					
					
						22,537
					
					
						24,336
					
					
						15,827
					
					
						5,694
					
					
						22,191
					
				
				
					
						2023 
					
					
						156,051
					
					
						133,269
					
					
						21,598
					
					
						8,018
					
					
						12,940
					
					
						111,671
					
					
						28,847
					
					
						15,590
					
					
						3,027
					
					
						9,197
					
					
						22,840
					
					
						25,342
					
					
						16,593
					
					
						5,826
					
					
						22,782
					
				
				
					
						2023: July 
					
					
						156,211
					
					
						133,418
					
					
						21,604
					
					
						8,021
					
					
						12,939
					
					
						111,814
					
					
						28,869
					
					
						15,599
					
					
						3,015
					
					
						9,219
					
					
						22,866
					
					
						25,386
					
					
						16,629
					
					
						5,830
					
					
						22,793
					
				
				
					
						      Aug 
					
					
						156,421
					
					
						133,568
					
					
						21,637
					
					
						8,052
					
					
						12,941
					
					
						111,931
					
					
						28,840
					
					
						15,594
					
					
						2,997
					
					
						9,223
					
					
						22,865
					
					
						25,479
					
					
						16,681
					
					
						5,846
					
					
						22,853
					
				
				
					
						      Sept 
					
					
						156,667
					
					
						133,764
					
					
						21,664
					
					
						8,065
					
					
						12,954
					
					
						112,100
					
					
						28,882
					
					
						15,612
					
					
						3,008
					
					
						9,223
					
					
						22,864
					
					
						25,560
					
					
						16,708
					
					
						5,855
					
					
						22,903
					
				
				
					
						      Oct 
					
					
						156,832
					
					
						133,862
					
					
						21,654
					
					
						8,087
					
					
						12,923
					
					
						112,208
					
					
						28,888
					
					
						15,613
					
					
						2,982
					
					
						9,223
					
					
						22,859
					
					
						25,637
					
					
						16,765
					
					
						5,854
					
					
						22,970
					
				
				
					
						      Nov 
					
					
						157,014
					
					
						134,014
					
					
						21,690
					
					
						8,102
					
					
						12,948
					
					
						112,324
					
					
						28,843
					
					
						15,570
					
					
						2,999
					
					
						9,227
					
					
						22,869
					
					
						25,747
					
					
						16,775
					
					
						5,864
					
					
						23,000
					
				
				
					
						      Dec 
					
					
						157,304
					
					
						134,228
					
					
						21,723
					
					
						8,120
					
					
						12,960
					
					
						112,505
					
					
						28,867
					
					
						15,603
					
					
						3,012
					
					
						9,233
					
					
						22,882
					
					
						25,831
					
					
						16,816
					
					
						5,864
					
					
						23,076
					
				
				
					
						2024: Jan 
					
					
						157,560
					
					
						134,424
					
					
						21,753
					
					
						8,146
					
					
						12,966
					
					
						112,671
					
					
						28,874
					
					
						15,619
					
					
						3,020
					
					
						9,229
					
					
						22,930
					
					
						25,931
					
					
						16,813
					
					
						5,874
					
					
						23,136
					
				
				
					
						      Feb 
					
					
						157,796
					
					
						134,605
					
					
						21,768
					
					
						8,170
					
					
						12,957
					
					
						112,837
					
					
						28,928
					
					
						15,643
					
					
						3,017
					
					
						9,222
					
					
						22,936
					
					
						26,011
					
					
						16,839
					
					
						5,884
					
					
						23,191
					
				
				
					
						      Mar 
					
					
						158,106
					
					
						134,837
					
					
						21,801
					
					
						8,207
					
					
						12,951
					
					
						113,036
					
					
						28,962
					
					
						15,662
					
					
						3,019
					
					
						9,226
					
					
						22,953
					
					
						26,087
					
					
						16,893
					
					
						5,896
					
					
						23,269
					
				
				
					
						      Apr 
					
					
						158,214
					
					
						134,945
					
					
						21,798
					
					
						8,202
					
					
						12,958
					
					
						113,147
					
					
						29,003
					
					
						15,676
					
					
						3,016
					
					
						9,223
					
					
						22,936
					
					
						26,185
					
					
						16,884
					
					
						5,900
					
					
						23,269
					
				
				
					
						      May r 
					
					
						158,430
					
					
						135,151
					
					
						21,810
					
					
						8,215
					
					
						12,961
					
					
						113,341
					
					
						29,037
					
					
						15,684
					
					
						3,015
					
					
						9,235
					
					
						22,991
					
					
						26,254
					
					
						16,902
					
					
						5,907
					
					
						23,279
					
				
				
					
						      June r 
					
					
						158,609
					
					
						135,287
					
					
						21,821
					
					
						8,235
					
					
						12,952
					
					
						113,466
					
					
						29,057
					
					
						15,672
					
					
						3,016
					
					
						9,245
					
					
						22,993
					
					
						26,333
					
					
						16,903
					
					
						5,919
					
					
						23,322
					
				
				
					
						      July p 
					
					
						158,723
					
					
						135,384
					
					
						21,846
					
					
						8,260
					
					
						12,953
					
					
						113,538
					
					
						29,079
					
					
						15,676
					
					
						2,996
					
					
						9,241
					
					
						22,992
					
					
						26,390
					
					
						16,926
					
					
						5,914
					
					
						23,339
					
				
				
					
						1 Data from the establishment survey. Includes all full- and part-time wage and salary workers in nonagricultural establishments who received pay for any part of the pay period that includes the 12th of the month. Excludes proprietors, self-employed persons, unpaid family workers, and private household workers. Data from the household survey shown on p. 11 include those workers and also count persons as employed when they are not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off. In the series shown here, persons who work at more than one job are counted each time they appear on a payroll, in contrast to the series shown on p. 11 where persons are counted only onceâas employed, unemployed, or not in the labor force. See Employment and Earnings for details.
					
				
				
					
						2 Includes mining and logging, not shown separately.
					
				
				
					
						3 Includes wholesale trade, transportation and warehousing, and utilities, not shown separately.
					
				
				
					
						Note: Data classified by industry based on the 2022 North American Industry Classification System (NAICS). For details see Employment and Earnings.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Average Weekly Hours, Hourly Earnings, and Weekly EarningsâPrivate Nonagricultural Industries
					
				
				
					
						[For production or nonsupervisory workers; monthly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Average weekly hours
					
					
						Average gross hourly earnings
					
					
						Average gross weekly earnings
					
				
				
					
						Totalprivatenonagricultural 1
					
					
						Manufacturing
					
					
						Total privatenonagricultural 1
					
					
						Manufacturing
					
					
						Total privatenonagricultural 1
					
					
						Current dollars
					
					
						Percent change froma year earlier,total privatenonagricultural
					
				
				
					
						Total
					
					
						Overtime
					
					
						Currentdollars
					
					
						1982-84dollars 2
					
					
						Currentdollars
					
					
						1982-84dollars 2
					
					
						Manufacturing
					
					
						Construction
					
					
						Retailtrade
					
					
						Currentdollars
					
					
						1982-84dollars 2
					
				
				
					
						2014 
					
					
						33.7
					
					
						42.0
					
					
						4.5
					
					
						$20.60
					
					
						$8.85
					
					
						$19.56
					
					
						$694.74
					
					
						$298.47
					
					
						$822.00
					
					
						$977.11
					
					
						$431.05
					
					
						2.5
					
					
						1.0
					
				
				
					
						2015 
					
					
						33.7
					
					
						41.8
					
					
						4.3
					
					
						21.03
					
					
						9.07
					
					
						19.90
					
					
						708.73
					
					
						305.74
					
					
						832.18
					
					
						998.02
					
					
						444.45
					
					
						2.0
					
					
						2.4
					
				
				
					
						2016 
					
					
						33.6
					
					
						41.9
					
					
						4.3
					
					
						21.53
					
					
						9.20
					
					
						20.44
					
					
						723.20
					
					
						308.96
					
					
						855.77
					
					
						1,031.88
					
					
						446.47
					
					
						2.0
					
					
						1.1
					
				
				
					
						2017 
					
					
						33.7
					
					
						41.9
					
					
						4.3
					
					
						22.05
					
					
						9.22
					
					
						20.90
					
					
						742.42
					
					
						310.57
					
					
						876.10
					
					
						1,061.98
					
					
						462.08
					
					
						2.7
					
					
						.5
					
				
				
					
						2018 
					
					
						33.8
					
					
						42.2
					
					
						4.6
					
					
						22.71
					
					
						9.26
					
					
						21.54
					
					
						767.01
					
					
						312.88
					
					
						908.01
					
					
						1,108.59
					
					
						482.25
					
					
						3.3
					
					
						.7
					
				
				
					
						2019 
					
					
						33.6
					
					
						41.6
					
					
						4.3
					
					
						23.51
					
					
						9.43
					
					
						22.15
					
					
						790.64
					
					
						317.24
					
					
						921.68
					
					
						1,135.73
					
					
						502.16
					
					
						3.1
					
					
						1.4
					
				
				
					
						2020 
					
					
						33.9
					
					
						40.7
					
					
						3.7
					
					
						24.68
					
					
						9.78
					
					
						22.80
					
					
						837.39
					
					
						331.97
					
					
						928.94
					
					
						1,145.52
					
					
						541.29
					
					
						5.9
					
					
						4.6
					
				
				
					
						2021 
					
					
						34.2
					
					
						41.4
					
					
						4.1
					
					
						25.90
					
					
						9.75
					
					
						23.81
					
					
						886.54
					
					
						333.90
					
					
						986.27
					
					
						1,203.43
					
					
						570.57
					
					
						5.9
					
					
						.6
					
				
				
					
						2022 
					
					
						34.0
					
					
						41.0
					
					
						4.0
					
					
						27.56
					
					
						9.57
					
					
						25.07
					
					
						937.44
					
					
						325.52
					
					
						1,028.10
					
					
						1,278.22
					
					
						598.03
					
					
						5.7
					
					
						â2.5
					
				
				
					
						2023 
					
					
						33.9
					
					
						40.7
					
					
						3.6
					
					
						28.94
					
					
						9.68
					
					
						26.38
					
					
						979.95
					
					
						327.75
					
					
						1,073.49
					
					
						1,367.03
					
					
						623.35
					
					
						4.5
					
					
						.7
					
				
				
					
						2023: June 
					
					
						33.8
					
					
						40.8
					
					
						3.6
					
					
						28.90
					
					
						9.69
					
					
						26.36
					
					
						976.82
					
					
						327.56
					
					
						1,075.49
					
					
						1,349.96
					
					
						622.90
					
					
						4.1
					
					
						1.5
					
				
				
					
						      July 
					
					
						33.8
					
					
						40.7
					
					
						3.7
					
					
						29.03
					
					
						9.72
					
					
						26.47
					
					
						981.21
					
					
						328.46
					
					
						1,077.33
					
					
						1,353.67
					
					
						623.50
					
					
						4.3
					
					
						1.5
					
				
				
					
						      Aug 
					
					
						33.8
					
					
						40.8
					
					
						3.6
					
					
						29.09
					
					
						9.68
					
					
						26.48
					
					
						983.24
					
					
						327.11
					
					
						1,080.38
					
					
						1,372.70
					
					
						626.24
					
					
						4.2
					
					
						.7
					
				
				
					
						      Sept 
					
					
						33.8
					
					
						40.7
					
					
						3.6
					
					
						29.18
					
					
						9.67
					
					
						26.62
					
					
						986.28
					
					
						326.95
					
					
						1,083.43
					
					
						1,368.18
					
					
						629.22
					
					
						4.1
					
					
						.5
					
				
				
					
						      Oct 
					
					
						33.8
					
					
						40.7
					
					
						3.5
					
					
						29.29
					
					
						9.70
					
					
						26.65
					
					
						990.00
					
					
						327.99
					
					
						1,084.66
					
					
						1,379.87
					
					
						625.09
					
					
						4.0
					
					
						.9
					
				
				
					
						      Nov 
					
					
						33.7
					
					
						40.5
					
					
						3.4
					
					
						29.42
					
					
						9.74
					
					
						26.89
					
					
						991.45
					
					
						328.07
					
					
						1,089.05
					
					
						1,405.39
					
					
						625.70
					
					
						4.0
					
					
						1.0
					
				
				
					
						      Dec 
					
					
						33.8
					
					
						40.3
					
					
						3.5
					
					
						29.51
					
					
						9.74
					
					
						27.13
					
					
						997.44
					
					
						329.26
					
					
						1,093.34
					
					
						1,392.20
					
					
						625.74
					
					
						4.5
					
					
						1.2
					
				
				
					
						2024: Jan 
					
					
						33.6
					
					
						40.2
					
					
						3.5
					
					
						29.64
					
					
						9.76
					
					
						27.21
					
					
						995.90
					
					
						328.09
					
					
						1,093.84
					
					
						1,373.17
					
					
						624.58
					
					
						3.5
					
					
						.5
					
				
				
					
						      Feb 
					
					
						33.7
					
					
						40.5
					
					
						3.6
					
					
						29.70
					
					
						9.73
					
					
						27.35
					
					
						1,000.89
					
					
						328.00
					
					
						1,107.68
					
					
						1,391.59
					
					
						627.25
					
					
						3.9
					
					
						.7
					
				
				
					
						      Mar 
					
					
						33.8
					
					
						40.7
					
					
						3.5
					
					
						29.79
					
					
						9.72
					
					
						27.46
					
					
						1,006.90
					
					
						328.49
					
					
						1,117.62
					
					
						1,414.00
					
					
						631.18
					
					
						3.9
					
					
						.4
					
				
				
					
						      Apr 
					
					
						33.7
					
					
						40.6
					
					
						3.6
					
					
						29.83
					
					
						9.70
					
					
						27.55
					
					
						1,005.27
					
					
						326.92
					
					
						1,118.53
					
					
						1,391.61
					
					
						626.68
					
					
						3.7
					
					
						.3
					
				
				
					
						      May r 
					
					
						33.7
					
					
						40.8
					
					
						3.6
					
					
						29.95
					
					
						9.75
					
					
						27.65
					
					
						1,009.32
					
					
						328.42
					
					
						1,128.12
					
					
						1,411.71
					
					
						630.27
					
					
						3.7
					
					
						.4
					
				
				
					
						      June r 
					
					
						33.8
					
					
						40.8
					
					
						3.6
					
					
						30.05
					
					
						9.79
					
					
						27.79
					
					
						1,015.69
					
					
						330.90
					
					
						1,133.83
					
					
						1,427.56
					
					
						633.27
					
					
						4.0
					
					
						1.0
					
				
				
					
						      July p 
					
					
						33.7
					
					
						40.6
					
					
						3.6
					
					
						30.14
					
					
					
						27.92
					
					
						1,015.72
					
					
					
						1,133.55
					
					
						1,416.49
					
					
						632.66
					
					
						3.5
					
					
				
				
					
						1 Also includes other private industry groups shown on p. 14.
					
				
				
					
						2 Current dollar earnings divided by the consumer price index for urban wage earners and clerical workers (CPIâW) (on a 1982-84=100 base).
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						 Employment Cost IndexâPrivate Industry
					
				
				
					
				
				
					
						Period
					
					
						Index (December 2005 = 100)
					
					
						Percent change from
					
				
				
					
						Totalcompensation
					
					
						Wagesandsalaries
					
					
						Benefits 1
					
					
						3 months earlier
					
					
						12 months earlier
					
				
				
					
						Totalcompensation
					
					
						Wagesandsalaries
					
					
						Benefits 1
					
					
						Totalcompensation
					
					
						Wagesandsalaries
					
					
						Benefits 1
					
				
				
					
						 
					
					
						Not seasonally adjusted
					
				
				
					
						2014: Dec 
					
					
						122.2
					
					
						121.6
					
					
						123.5
					
					
					
					
					
						2.3
					
					
						2.2
					
					
						2.5
					
				
				
					
						2015: Dec 
					
					
						124.5
					
					
						124.2
					
					
						125.1
					
					
					
					
					
						1.9
					
					
						2.1
					
					
						1.3
					
				
				
					
						2016: Dec 
					
					
						127.2
					
					
						127.1
					
					
						127.3
					
					
					
					
					
						2.2
					
					
						2.3
					
					
						1.8
					
				
				
					
						2017: Dec 
					
					
						130.5
					
					
						130.6
					
					
						130.2
					
					
					
					
					
						2.6
					
					
						2.8
					
					
						2.3
					
				
				
					
						2018: Dec 
					
					
						134.4
					
					
						134.7
					
					
						133.6
					
					
					
					
					
						3.0
					
					
						3.1
					
					
						2.6
					
				
				
					
						2019: Dec 
					
					
						138.0
					
					
						138.7
					
					
						136.2
					
					
					
					
					
						2.7
					
					
						3.0
					
					
						1.9
					
				
				
					
						2020: Dec 
					
					
						141.6
					
					
						142.6
					
					
						139.1
					
					
					
					
					
						2.6
					
					
						2.8
					
					
						2.1
					
				
				
					
						2021: Dec 
					
					
						147.8
					
					
						149.7
					
					
						143.2
					
					
					
					
					
						4.4
					
					
						5.0
					
					
						2.9
					
				
				
					
						2022: Dec 
					
					
						155.3
					
					
						157.4
					
					
						150.1
					
					
					
					
					
						5.1
					
					
						5.1
					
					
						4.8
					
				
				
					
						2023: Dec 
					
					
						161.6
					
					
						164.1
					
					
						155.5
					
					
					
					
					
						4.1
					
					
						4.3
					
					
						3.6
					
				
				
					
						 
					
					
						Seasonally adjusted
					
					
						Not seasonally adjusted
					
				
				
					
						2022: Mar 
					
					
						150.0
					
					
						151.7
					
					
						146.0
					
					
						1.4
					
					
						1.2
					
					
						1.7
					
					
						4.8
					
					
						5.0
					
					
						4.1
					
				
				
					
						      June 
					
					
						152.2
					
					
						154.0
					
					
						147.8
					
					
						1.5
					
					
						1.5
					
					
						1.2
					
					
						5.5
					
					
						5.7
					
					
						5.3
					
				
				
					
						      Sept 
					
					
						153.8
					
					
						155.8
					
					
						149.2
					
					
						1.1
					
					
						1.2
					
					
						.9
					
					
						5.2
					
					
						5.2
					
					
						5.0
					
				
				
					
						      Dec 
					
					
						155.5
					
					
						157.6
					
					
						150.6
					
					
						1.1
					
					
						1.2
					
					
						.9
					
					
						5.1
					
					
						5.1
					
					
						4.8
					
				
				
					
						2023: Mar 
					
					
						157.3
					
					
						159.4
					
					
						152.3
					
					
						1.2
					
					
						1.1
					
					
						1.1
					
					
						4.8
					
					
						5.1
					
					
						4.3
					
				
				
					
						      June 
					
					
						158.9
					
					
						161.1
					
					
						153.7
					
					
						1.0
					
					
						1.1
					
					
						.9
					
					
						4.5
					
					
						4.6
					
					
						3.9
					
				
				
					
						      Sept 
					
					
						160.4
					
					
						162.7
					
					
						155.0
					
					
						.9
					
					
						1.0
					
					
						.8
					
					
						4.3
					
					
						4.5
					
					
						3.9
					
				
				
					
						      Dec 
					
					
						161.9
					
					
						164.4
					
					
						156.1
					
					
						.9
					
					
						1.0
					
					
						.7
					
					
						4.1
					
					
						4.3
					
					
						3.6
					
				
				
					
						2024: Mar 
					
					
						163.7
					
					
						166.2
					
					
						157.7
					
					
						1.1
					
					
						1.1
					
					
						1.0
					
					
						4.1
					
					
						4.3
					
					
						3.6
					
				
				
					
						      June 
					
					
						165.1
					
					
						167.6
					
					
						159.0
					
					
						.9
					
					
						.8
					
					
						.8
					
					
						3.9
					
					
						4.1
					
					
						3.5
					
				
				
					
						1 Employer costs for employee benefits.
					
				
				
					
						Note: The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shifts among occupations and industries.
					
				
				
					
						Data exclude farm and household workers.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Productivity and Related Data, Business and Nonfarm Business Sectors
					
				
				
					
						Period
					
					
						Labor productivity(output per hour)
					
					
						Output 1
					
					
						Hours ofall persons 2
					
					
						Compensationper hour 3
					
					
						Realcompensationper hour 4
					
					
						Unit laborcosts
					
					
						Value-addedprice deflator 5
					
				
				
					
						Business sector
					
					
						Nonfarm business sector
					
					
						Business sector
					
					
						Nonfarm business sector
					
					
						Business sector
					
					
						Nonfarm business sector
					
					
						Business sector
					
					
						Nonfarm business sector
					
					
						Business sector
					
					
						Nonfarm business sector
					
					
						Business sector
					
					
						Nonfarm business sector
					
					
						Business sector
					
					
						Nonfarm business sector
					
				
				
					
						 
					
					
						Indexes, 2017=100; quarterly data seasonally adjusted
					
				
				
					
						2014 
					
					
						96.8
					
					
						96.7
					
					
						91.8
					
					
						91.8
					
					
						94.8
					
					
						94.9
					
					
						92.7
					
					
						92.5
					
					
						96.0
					
					
						95.9
					
					
						95.8
					
					
						95.7
					
					
						97.3
					
					
						97.0
					
				
				
					
						2015 
					
					
						97.9
					
					
						97.9
					
					
						95.2
					
					
						95.2
					
					
						97.2
					
					
						97.2
					
					
						95.4
					
					
						95.4
					
					
						98.7
					
					
						98.7
					
					
						97.4
					
					
						97.4
					
					
						97.7
					
					
						97.6
					
				
				
					
						2016 
					
					
						98.7
					
					
						98.7
					
					
						97.1
					
					
						97.1
					
					
						98.4
					
					
						98.4
					
					
						96.6
					
					
						96.7
					
					
						98.7
					
					
						98.7
					
					
						97.9
					
					
						98.0
					
					
						98.4
					
					
						98.5
					
				
				
					
						2017 
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
				
				
					
						2018 
					
					
						101.5
					
					
						101.4
					
					
						103.4
					
					
						103.4
					
					
						101.9
					
					
						102.0
					
					
						103.4
					
					
						103.4
					
					
						100.9
					
					
						100.9
					
					
						101.9
					
					
						102.0
					
					
						102.1
					
					
						102.1
					
				
				
					
						2019 
					
					
						103.6
					
					
						103.6
					
					
						106.4
					
					
						106.5
					
					
						102.7
					
					
						102.8
					
					
						107.4
					
					
						107.4
					
					
						103.0
					
					
						103.0
					
					
						103.7
					
					
						103.7
					
					
						103.5
					
					
						103.6
					
				
				
					
						2020 
					
					
						108.9
					
					
						109.0
					
					
						103.4
					
					
						103.5
					
					
						95.0
					
					
						95.0
					
					
						116.0
					
					
						116.1
					
					
						109.8
					
					
						109.9
					
					
						106.6
					
					
						106.6
					
					
						103.8
					
					
						104.0
					
				
				
					
						2021 
					
					
						110.9
					
					
						110.8
					
					
						110.9
					
					
						111.0
					
					
						100.1
					
					
						100.2
					
					
						121.8
					
					
						121.8
					
					
						110.0
					
					
						110.0
					
					
						109.9
					
					
						109.9
					
					
						109.1
					
					
						109.0
					
				
				
					
						2022 
					
					
						108.7
					
					
						108.7
					
					
						113.1
					
					
						113.3
					
					
						104.0
					
					
						104.2
					
					
						126.5
					
					
						126.3
					
					
						105.6
					
					
						105.5
					
					
						116.3
					
					
						116.2
					
					
						117.6
					
					
						117.2
					
				
				
					
						2023 
					
					
						110.3
					
					
						110.2
					
					
						116.0
					
					
						116.2
					
					
						105.2
					
					
						105.5
					
					
						131.8
					
					
						131.6
					
					
						105.7
					
					
						105.5
					
					
						119.5
					
					
						119.4
					
					
						121.4
					
					
						121.2
					
				
				
					
						2021: I 
					
					
						110.9
					
					
						111.0
					
					
						108.5
					
					
						108.5
					
					
						97.8
					
					
						97.8
					
					
						118.9
					
					
						119.1
					
					
						110.4
					
					
						110.6
					
					
						107.3
					
					
						107.3
					
					
						106.3
					
					
						106.3
					
				
				
					
						      II 
					
					
						110.9
					
					
						110.9
					
					
						110.4
					
					
						110.4
					
					
						99.5
					
					
						99.6
					
					
						120.9
					
					
						120.9
					
					
						110.1
					
					
						110.1
					
					
						109.0
					
					
						109.0
					
					
						108.2
					
					
						107.9
					
				
				
					
						      III 
					
					
						110.3
					
					
						110.2
					
					
						111.3
					
					
						111.4
					
					
						100.9
					
					
						101.0
					
					
						122.6
					
					
						122.6
					
					
						109.9
					
					
						109.8
					
					
						111.2
					
					
						111.2
					
					
						109.9
					
					
						109.6
					
				
				
					
						      IV 
					
					
						111.1
					
					
						110.9
					
					
						113.6
					
					
						113.7
					
					
						102.3
					
					
						102.5
					
					
						124.5
					
					
						124.4
					
					
						109.2
					
					
						109.1
					
					
						112.1
					
					
						112.1
					
					
						112.0
					
					
						111.9
					
				
				
					
						2022: I 
					
					
						109.3
					
					
						109.3
					
					
						112.8
					
					
						112.9
					
					
						103.2
					
					
						103.3
					
					
						125.1
					
					
						125.0
					
					
						107.3
					
					
						107.3
					
					
						114.4
					
					
						114.4
					
					
						114.6
					
					
						114.3
					
				
				
					
						      II 
					
					
						108.3
					
					
						108.3
					
					
						112.4
					
					
						112.6
					
					
						103.8
					
					
						104.0
					
					
						125.4
					
					
						125.3
					
					
						105.1
					
					
						104.9
					
					
						115.8
					
					
						115.7
					
					
						117.5
					
					
						117.0
					
				
				
					
						      III 
					
					
						108.3
					
					
						108.3
					
					
						113.2
					
					
						113.4
					
					
						104.5
					
					
						104.7
					
					
						127.6
					
					
						127.4
					
					
						105.5
					
					
						105.4
					
					
						117.8
					
					
						117.7
					
					
						118.7
					
					
						118.2
					
				
				
					
						      IV 
					
					
						109.0
					
					
						108.8
					
					
						114.0
					
					
						114.2
					
					
						104.6
					
					
						104.9
					
					
						127.7
					
					
						127.4
					
					
						104.6
					
					
						104.3
					
					
						117.2
					
					
						117.1
					
					
						119.7
					
					
						119.2
					
				
				
					
						2023: I 
					
					
						108.9
					
					
						108.8
					
					
						114.6
					
					
						114.7
					
					
						105.2
					
					
						105.5
					
					
						129.8
					
					
						129.5
					
					
						105.3
					
					
						105.1
					
					
						119.2
					
					
						119.1
					
					
						120.7
					
					
						120.3
					
				
				
					
						      II 
					
					
						109.7
					
					
						109.6
					
					
						115.1
					
					
						115.3
					
					
						104.9
					
					
						105.1
					
					
						131.5
					
					
						131.4
					
					
						105.9
					
					
						105.8
					
					
						119.9
					
					
						119.8
					
					
						121.0
					
					
						120.8
					
				
				
					
						      III 
					
					
						110.9
					
					
						110.9
					
					
						116.7
					
					
						116.9
					
					
						105.2
					
					
						105.4
					
					
						133.0
					
					
						132.9
					
					
						106.2
					
					
						106.1
					
					
						119.9
					
					
						119.9
					
					
						121.9
					
					
						121.6
					
				
				
					
						      IV 
					
					
						111.9
					
					
						111.8
					
					
						117.8
					
					
						118.0
					
					
						105.2
					
					
						105.5
					
					
						133.3
					
					
						133.1
					
					
						105.7
					
					
						105.6
					
					
						119.1
					
					
						119.0
					
					
						122.1
					
					
						122.0
					
				
				
					
						2024: I r 
					
					
						112.1
					
					
						111.9
					
					
						118.1
					
					
						118.3
					
					
						105.4
					
					
						105.7
					
					
						134.7
					
					
						134.5
					
					
						105.9
					
					
						105.7
					
					
						120.2
					
					
						120.1
					
					
						122.9
					
					
						122.9
					
				
				
					
						      II p * 
					
					
						112.7
					
					
						112.6
					
					
						119.0
					
					
						119.2
					
					
						105.6
					
					
						105.9
					
					
						135.8
					
					
						135.5
					
					
						105.9
					
					
						105.8
					
					
						120.5
					
					
						120.4
					
					
						123.5
					
					
						123.4
					
				
				
					
						 
					
					
						Percent change; quarterly data at seasonally adjusted annual rates
					
				
				
					
						2014 
					
					
						0.8
					
					
						0.9
					
					
						3.3
					
					
						3.4
					
					
						2.6
					
					
						2.4
					
					
						2.5
					
					
						2.6
					
					
						0.8
					
					
						0.9
					
					
						1.7
					
					
						1.7
					
					
						1.5
					
					
						1.6
					
				
				
					
						2015 
					
					
						1.2
					
					
						1.3
					
					
						3.7
					
					
						3.7
					
					
						2.5
					
					
						2.4
					
					
						2.9
					
					
						3.1
					
					
						2.7
					
					
						2.9
					
					
						1.7
					
					
						1.8
					
					
						.4
					
					
						.7
					
				
				
					
						2016 
					
					
						.8
					
					
						.8
					
					
						2.1
					
					
						2.0
					
					
						1.3
					
					
						1.2
					
					
						1.3
					
					
						1.3
					
					
						.0
					
					
						.1
					
					
						.6
					
					
						.6
					
					
						.7
					
					
						.9
					
				
				
					
						2017 
					
					
						1.3
					
					
						1.3
					
					
						2.9
					
					
						3.0
					
					
						1.6
					
					
						1.6
					
					
						3.5
					
					
						3.4
					
					
						1.3
					
					
						1.3
					
					
						2.1
					
					
						2.1
					
					
						1.6
					
					
						1.6
					
				
				
					
						2018 
					
					
						1.5
					
					
						1.4
					
					
						3.4
					
					
						3.4
					
					
						1.9
					
					
						2.0
					
					
						3.4
					
					
						3.4
					
					
						.9
					
					
						.9
					
					
						1.9
					
					
						2.0
					
					
						2.1
					
					
						2.1
					
				
				
					
						2019 
					
					
						2.1
					
					
						2.2
					
					
						2.8
					
					
						3.0
					
					
						.8
					
					
						.8
					
					
						3.9
					
					
						3.9
					
					
						2.0
					
					
						2.0
					
					
						1.8
					
					
						1.7
					
					
						1.4
					
					
						1.4
					
				
				
					
						2020 
					
					
						5.1
					
					
						5.2
					
					
						â2.8
					
					
						â2.8
					
					
						â7.5
					
					
						â7.6
					
					
						8.0
					
					
						8.2
					
					
						6.6
					
					
						6.7
					
					
						2.8
					
					
						2.8
					
					
						.3
					
					
						.4
					
				
				
					
						2021 
					
					
						1.8
					
					
						1.7
					
					
						7.2
					
					
						7.2
					
					
						5.3
					
					
						5.5
					
					
						5.0
					
					
						4.9
					
					
						.2
					
					
						.1
					
					
						3.1
					
					
						3.2
					
					
						5.1
					
					
						4.8
					
				
				
					
						2022 
					
					
						â1.9
					
					
						â1.9
					
					
						1.9
					
					
						2.1
					
					
						3.9
					
					
						4.0
					
					
						3.8
					
					
						3.7
					
					
						â4.0
					
					
						â4.1
					
					
						5.8
					
					
						5.7
					
					
						7.8
					
					
						7.5
					
				
				
					
						2023 
					
					
						1.4
					
					
						1.4
					
					
						2.6
					
					
						2.6
					
					
						1.2
					
					
						1.2
					
					
						4.2
					
					
						4.2
					
					
						.1
					
					
						.1
					
					
						2.7
					
					
						2.8
					
					
						3.2
					
					
						3.4
					
				
				
					
						2021: I 
					
					
						2.6
					
					
						2.5
					
					
						6.7
					
					
						6.5
					
					
						3.9
					
					
						4.0
					
					
						.5
					
					
						.5
					
					
						â3.6
					
					
						â3.6
					
					
						â2.1
					
					
						â1.9
					
					
						6.6
					
					
						6.5
					
				
				
					
						      II 
					
					
						.2
					
					
						â.1
					
					
						7.2
					
					
						7.3
					
					
						6.9
					
					
						7.4
					
					
						6.8
					
					
						6.4
					
					
						â1.3
					
					
						â1.7
					
					
						6.5
					
					
						6.5
					
					
						7.3
					
					
						6.3
					
				
				
					
						      III 
					
					
						â2.2
					
					
						â2.5
					
					
						3.3
					
					
						3.4
					
					
						5.6
					
					
						6.0
					
					
						5.8
					
					
						5.4
					
					
						â.7
					
					
						â1.0
					
					
						8.2
					
					
						8.1
					
					
						6.6
					
					
						6.4
					
				
				
					
						      IV 
					
					
						2.7
					
					
						2.6
					
					
						8.8
					
					
						8.9
					
					
						5.9
					
					
						6.1
					
					
						6.3
					
					
						6.0
					
					
						â2.3
					
					
						â2.5
					
					
						3.5
					
					
						3.4
					
					
						8.0
					
					
						8.4
					
				
				
					
						2022: I 
					
					
						â6.2
					
					
						â5.7
					
					
						â3.0
					
					
						â2.8
					
					
						3.4
					
					
						3.1
					
					
						1.8
					
					
						2.0
					
					
						â6.9
					
					
						â6.6
					
					
						8.5
					
					
						8.3
					
					
						9.6
					
					
						9.0
					
				
				
					
						      II 
					
					
						â3.6
					
					
						â3.7
					
					
						â1.3
					
					
						â1.1
					
					
						2.4
					
					
						2.7
					
					
						1.2
					
					
						.8
					
					
						â8.1
					
					
						â8.5
					
					
						5.0
					
					
						4.7
					
					
						10.5
					
					
						9.9
					
				
				
					
						      III 
					
					
						.0
					
					
						.0
					
					
						2.7
					
					
						2.8
					
					
						2.7
					
					
						2.8
					
					
						7.1
					
					
						7.1
					
					
						1.7
					
					
						1.7
					
					
						7.0
					
					
						7.1
					
					
						4.0
					
					
						3.9
					
				
				
					
						      IV 
					
					
						2.5
					
					
						2.1
					
					
						2.9
					
					
						2.8
					
					
						.4
					
					
						.8
					
					
						.4
					
					
						.0
					
					
						â3.5
					
					
						â3.9
					
					
						â2.0
					
					
						â2.0
					
					
						3.5
					
					
						3.5
					
				
				
					
						2023: I 
					
					
						â.1
					
					
						â.3
					
					
						2.1
					
					
						1.8
					
					
						2.2
					
					
						2.1
					
					
						6.7
					
					
						6.8
					
					
						2.8
					
					
						2.9
					
					
						6.9
					
					
						7.1
					
					
						3.3
					
					
						3.9
					
				
				
					
						      II 
					
					
						3.1
					
					
						3.3
					
					
						2.0
					
					
						2.0
					
					
						â1.0
					
					
						â1.3
					
					
						5.5
					
					
						5.9
					
					
						2.4
					
					
						2.8
					
					
						2.4
					
					
						2.5
					
					
						1.1
					
					
						1.4
					
				
				
					
						      III 
					
					
						4.4
					
					
						4.6
					
					
						5.6
					
					
						5.8
					
					
						1.1
					
					
						1.1
					
					
						4.6
					
					
						4.6
					
					
						1.1
					
					
						1.1
					
					
						.2
					
					
						.1
					
					
						2.8
					
					
						3.0
					
				
				
					
						      IV 
					
					
						3.6
					
					
						3.5
					
					
						3.7
					
					
						3.8
					
					
						.1
					
					
						.2
					
					
						.8
					
					
						.6
					
					
						â1.8
					
					
						â2.0
					
					
						â2.7
					
					
						â2.8
					
					
						.9
					
					
						1.2
					
				
				
					
						2024: I r 
					
					
						.5
					
					
						.4
					
					
						1.1
					
					
						1.0
					
					
						.5
					
					
						.6
					
					
						4.3
					
					
						4.2
					
					
						.5
					
					
						.4
					
					
						3.7
					
					
						3.8
					
					
						2.7
					
					
						2.8
					
				
				
					
						      II p * 
					
					
						2.1
					
					
						2.3
					
					
						3.2
					
					
						3.3
					
					
						1.1
					
					
						1.0
					
					
						3.2
					
					
						3.3
					
					
						.3
					
					
						.4
					
					
						1.1
					
					
						.9
					
					
						1.8
					
					
						1.9
					
				
				
					
						1 Output refers to real gross domestic product originating in the sector.
					
				
				
					
						2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on establishment data.
					
				
				
					
						3 Wages and salaries of employees plus employersâ contributions for social insurance and private benefit plans. Also includes an estimate of wages, salaries, and supplemental payments for the self-employed.
					
				
				
					
						4 Hourly compensation divided by consumer price series. The trend for 1978-2023 is based on the consumer price index retroactive series (R-CPI-U-RS). The change for recent quarters is based on the consumer price index for all urban consumers (CPI-U).
					
				
				
					
						5 Current dollar gross domestic output divided by the output index.
					
				
				
					
						Note: Data relate to all persons engaged in the sector.
					
				
				
					
						Percent changes are from preceding period and are based on original data; they therefore may differ slightly from percent changes based on indexes shown here.
					
				
				
					
						* Data based on GDP data released on July 25, 2024.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
			
		
		Production and Business Activity
		
			
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Industrial Production and Capacity Utilization
					
				
				
					
						[Monthly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Total industrial production 1
					
					
						Industry production indexes, 2017=100
					
					
						Capacity utilization rate(output as percent ofcapacity) 1
					
				
				
					
						Index,2017=100
					
					
						Percent change 2
					
					
						Manufacturing
					
					
						Mining
					
					
						Utilities
					
				
				
					
						Fromprecedingmonth
					
					
						Fromyearearlier
					
					
						Total 1
					
					
						Durable
					
					
						Nondurable
					
					
						Other(non-NAICS) 1
					
					
						Totalindustry
					
					
						Totalmanufacturing
					
				
				
					
						2014 
					
					
						102.3
					
					
					
						3.0
					
					
						100.7
					
					
						101.5
					
					
						99.3
					
					
						109.2
					
					
						111.3
					
					
						102.0
					
					
						78.9
					
					
						76.0
					
				
				
					
						2015 
					
					
						100.9
					
					
					
						â1.4
					
					
						100.2
					
					
						100.4
					
					
						99.7
					
					
						105.2
					
					
						104.6
					
					
						101.2
					
					
						77.3
					
					
						76.4
					
				
				
					
						2016 
					
					
						98.7
					
					
					
						â2.1
					
					
						99.4
					
					
						98.4
					
					
						100.5
					
					
						102.5
					
					
						91.5
					
					
						100.8
					
					
						75.6
					
					
						75.7
					
				
				
					
						2017 
					
					
						100.0
					
					
					
						1.3
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						76.8
					
					
						76.6
					
				
				
					
						2018 
					
					
						103.2
					
					
					
						3.2
					
					
						101.3
					
					
						103.1
					
					
						99.6
					
					
						96.7
					
					
						113.3
					
					
						104.9
					
					
						79.8
					
					
						78.4
					
				
				
					
						2019 
					
					
						102.4
					
					
					
						â.7
					
					
						99.3
					
					
						100.2
					
					
						98.7
					
					
						92.5
					
					
						120.8
					
					
						104.0
					
					
						78.6
					
					
						77.2
					
				
				
					
						2020 
					
					
						95.1
					
					
					
						â7.1
					
					
						92.8
					
					
						91.3
					
					
						94.9
					
					
						85.3
					
					
						103.1
					
					
						101.0
					
					
						72.9
					
					
						72.7
					
				
				
					
						2021 
					
					
						99.3
					
					
					
						4.4
					
					
						97.4
					
					
						96.8
					
					
						98.5
					
					
						87.7
					
					
						106.4
					
					
						103.0
					
					
						77.7
					
					
						77.2
					
				
				
					
						2022 
					
					
						102.7
					
					
					
						3.4
					
					
						100.0
					
					
						100.7
					
					
						100.0
					
					
						88.3
					
					
						114.4
					
					
						106.2
					
					
						80.7
					
					
						79.4
					
				
				
					
						2023 
					
					
						102.9
					
					
					
						.2
					
					
						99.5
					
					
						100.9
					
					
						99.1
					
					
						82.4
					
					
						119.9
					
					
						104.1
					
					
						79.0
					
					
						78.2
					
				
				
					
						2023: June 
					
					
						102.4
					
					
						â0.6
					
					
						.0
					
					
						99.2
					
					
						100.9
					
					
						98.5
					
					
						81.4
					
					
						120.1
					
					
						101.7
					
					
						78.6
					
					
						78.0
					
				
				
					
						      July 
					
					
						103.1
					
					
						.7
					
					
						.0
					
					
						99.4
					
					
						101.5
					
					
						98.4
					
					
						80.6
					
					
						120.4
					
					
						105.9
					
					
						79.0
					
					
						78.1
					
				
				
					
						      Aug 
					
					
						103.1
					
					
						.0
					
					
						.0
					
					
						99.5
					
					
						101.0
					
					
						99.0
					
					
						80.9
					
					
						119.9
					
					
						106.2
					
					
						78.9
					
					
						78.1
					
				
				
					
						      Sept 
					
					
						103.3
					
					
						.2
					
					
						.0
					
					
						99.6
					
					
						101.0
					
					
						99.2
					
					
						82.2
					
					
						120.9
					
					
						106.2
					
					
						78.9
					
					
						78.1
					
				
				
					
						      Oct 
					
					
						102.6
					
					
						â.7
					
					
						.0
					
					
						98.9
					
					
						99.6
					
					
						99.1
					
					
						83.0
					
					
						120.0
					
					
						105.8
					
					
						78.3
					
					
						77.4
					
				
				
					
						      Nov 
					
					
						102.9
					
					
						.3
					
					
						.0
					
					
						99.3
					
					
						101.0
					
					
						98.8
					
					
						79.9
					
					
						119.8
					
					
						105.6
					
					
						78.4
					
					
						77.7
					
				
				
					
						      Dec 
					
					
						102.6
					
					
						â.2
					
					
						.8
					
					
						99.2
					
					
						100.6
					
					
						99.1
					
					
						78.0
					
					
						120.5
					
					
						103.1
					
					
						78.1
					
					
						77.6
					
				
				
					
						2024: Jan r 
					
					
						101.5
					
					
						â1.1
					
					
						â1.2
					
					
						97.9
					
					
						99.4
					
					
						97.6
					
					
						80.0
					
					
						115.3
					
					
						107.5
					
					
						77.2
					
					
						76.5
					
				
				
					
						      Feb r 
					
					
						102.6
					
					
						1.1
					
					
						â.2
					
					
						99.2
					
					
						100.7
					
					
						98.7
					
					
						80.3
					
					
						120.2
					
					
						103.6
					
					
						78.0
					
					
						77.3
					
				
				
					
						      Mar r 
					
					
						102.4
					
					
						â.2
					
					
						â.4
					
					
						99.4
					
					
						100.9
					
					
						98.9
					
					
						80.2
					
					
						119.6
					
					
						101.0
					
					
						77.8
					
					
						77.4
					
				
				
					
						      Apr r 
					
					
						102.4
					
					
						.0
					
					
						â.8
					
					
						98.9
					
					
						100.4
					
					
						98.4
					
					
						80.3
					
					
						119.8
					
					
						104.7
					
					
						77.7
					
					
						76.9
					
				
				
					
						      May r 
					
					
						103.3
					
					
						.9
					
					
						.3
					
					
						99.9
					
					
						101.1
					
					
						99.7
					
					
						80.9
					
					
						119.0
					
					
						106.7
					
					
						78.3
					
					
						77.6
					
				
				
					
						      June p 
					
					
						104.0
					
					
						.6
					
					
						1.6
					
					
						100.3
					
					
						101.1
					
					
						100.5
					
					
						81.7
					
					
						119.3
					
					
						109.7
					
					
						78.8
					
					
						77.9
					
				
				
					
						1 Total industry and total manufacturing series include manufacturing as defined in the North American Industry Classification System (NAICS) plus those industriesâlogging and newspaper, periodical, book and directory-publishingâthat have traditionally been included in manufacturing.
					
				
				
					
						2 Percent changes based on unrounded indexes.
					
				
				
					
						Note: Data based on NAICS except series as defined in footnote 1.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
				
					
				
			
		
		
		Industrial ProductionâMajor Market Groups and Selected Manufactures
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Industrial ProductionâMajor Market Groups
					
				
				
					
						[2017=100; monthly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Products and nonindustrial supplies
					
					
						Materials
					
				
				
					
						Final products
					
					
						Nonindustrial supplies
					
					
						Total 1
					
					
						Energy
					
				
				
					
						Total
					
					
						Consumer goods
					
					
						Equipment
					
					
						Total
					
					
						Construction
					
					
						Business
					
				
				
					
						Total
					
					
						Durablegoods
					
					
						Nondurablegoods
					
					
						Total 1
					
					
						Business
					
					
						Defenseandspace
					
				
				
					
						2014 
					
					
						101.8
					
					
						99.4
					
					
						95.6
					
					
						100.5
					
					
						106.8
					
					
						102.9
					
					
						104.3
					
					
						100.0
					
					
						97.1
					
					
						101.2
					
					
						103.4
					
					
						106.2
					
				
				
					
						2015 
					
					
						101.1
					
					
						100.8
					
					
						99.3
					
					
						101.2
					
					
						101.8
					
					
						100.7
					
					
						101.3
					
					
						99.3
					
					
						97.8
					
					
						99.9
					
					
						101.1
					
					
						102.8
					
				
				
					
						2016 
					
					
						99.2
					
					
						101.3
					
					
						101.1
					
					
						101.3
					
					
						94.9
					
					
						95.4
					
					
						97.7
					
					
						99.7
					
					
						98.7
					
					
						100.1
					
					
						97.9
					
					
						95.2
					
				
				
					
						2017 
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
				
				
					
						2018 
					
					
						101.9
					
					
						100.6
					
					
						102.6
					
					
						100.1
					
					
						104.7
					
					
						103.5
					
					
						103.7
					
					
						101.8
					
					
						101.7
					
					
						101.9
					
					
						104.8
					
					
						110.3
					
				
				
					
						2019 
					
					
						100.3
					
					
						100.2
					
					
						100.9
					
					
						100.0
					
					
						100.5
					
					
						96.1
					
					
						114.1
					
					
						99.9
					
					
						100.3
					
					
						99.8
					
					
						105.3
					
					
						115.7
					
				
				
					
						2020 
					
					
						93.9
					
					
						96.9
					
					
						95.4
					
					
						97.3
					
					
						87.3
					
					
						83.7
					
					
						107.7
					
					
						94.7
					
					
						96.4
					
					
						94.0
					
					
						96.3
					
					
						103.2
					
				
				
					
						2021 
					
					
						98.3
					
					
						101.1
					
					
						104.9
					
					
						100.1
					
					
						92.0
					
					
						88.5
					
					
						109.3
					
					
						99.1
					
					
						100.9
					
					
						98.3
					
					
						100.2
					
					
						106.1
					
				
				
					
						2022 
					
					
						101.3
					
					
						102.7
					
					
						106.6
					
					
						101.6
					
					
						98.7
					
					
						95.8
					
					
						107.3
					
					
						102.9
					
					
						103.7
					
					
						102.7
					
					
						103.8
					
					
						112.7
					
				
				
					
						2023 
					
					
						101.0
					
					
						102.0
					
					
						106.1
					
					
						100.8
					
					
						99.4
					
					
						95.4
					
					
						114.5
					
					
						101.0
					
					
						101.1
					
					
						101.0
					
					
						105.1
					
					
						117.1
					
				
				
					
						2023: June 
					
					
						100.2
					
					
						100.7
					
					
						104.9
					
					
						99.5
					
					
						99.6
					
					
						95.6
					
					
						114.9
					
					
						100.6
					
					
						100.8
					
					
						100.6
					
					
						104.8
					
					
						116.3
					
				
				
					
						      July 
					
					
						101.2
					
					
						101.9
					
					
						107.9
					
					
						100.3
					
					
						100.0
					
					
						96.0
					
					
						116.0
					
					
						100.7
					
					
						100.7
					
					
						100.7
					
					
						105.5
					
					
						118.0
					
				
				
					
						      Aug 
					
					
						101.3
					
					
						102.2
					
					
						106.1
					
					
						101.1
					
					
						99.9
					
					
						95.8
					
					
						116.7
					
					
						100.9
					
					
						100.3
					
					
						101.2
					
					
						105.3
					
					
						118.2
					
				
				
					
						      Sept 
					
					
						101.1
					
					
						102.1
					
					
						106.7
					
					
						100.9
					
					
						99.1
					
					
						94.9
					
					
						116.3
					
					
						101.1
					
					
						101.0
					
					
						101.3
					
					
						106.0
					
					
						118.8
					
				
				
					
						      Oct 
					
					
						100.4
					
					
						101.4
					
					
						102.2
					
					
						101.2
					
					
						98.5
					
					
						94.1
					
					
						116.8
					
					
						101.0
					
					
						100.8
					
					
						101.2
					
					
						105.0
					
					
						118.2
					
				
				
					
						      Nov 
					
					
						101.1
					
					
						102.1
					
					
						106.8
					
					
						100.8
					
					
						99.2
					
					
						95.0
					
					
						117.3
					
					
						100.6
					
					
						100.7
					
					
						100.7
					
					
						105.2
					
					
						117.9
					
				
				
					
						      Dec 
					
					
						100.8
					
					
						102.0
					
					
						107.8
					
					
						100.4
					
					
						98.7
					
					
						94.5
					
					
						116.9
					
					
						100.3
					
					
						100.3
					
					
						100.4
					
					
						104.9
					
					
						117.3
					
				
				
					
						2024: Jan r 
					
					
						100.1
					
					
						101.3
					
					
						103.9
					
					
						100.5
					
					
						97.8
					
					
						93.4
					
					
						117.4
					
					
						99.5
					
					
						98.8
					
					
						100.0
					
					
						103.3
					
					
						115.7
					
				
				
					
						      Feb r 
					
					
						100.7
					
					
						101.7
					
					
						107.5
					
					
						100.1
					
					
						99.1
					
					
						94.9
					
					
						117.6
					
					
						101.0
					
					
						101.3
					
					
						101.0
					
					
						104.7
					
					
						117.2
					
				
				
					
						      Mar r 
					
					
						100.4
					
					
						101.1
					
					
						108.1
					
					
						99.2
					
					
						99.2
					
					
						95.0
					
					
						118.1
					
					
						100.8
					
					
						101.1
					
					
						100.8
					
					
						104.6
					
					
						116.7
					
				
				
					
						      Apr r 
					
					
						100.8
					
					
						101.8
					
					
						107.0
					
					
						100.4
					
					
						98.9
					
					
						94.5
					
					
						119.5
					
					
						100.3
					
					
						99.6
					
					
						100.8
					
					
						104.5
					
					
						117.0
					
				
				
					
						      May r 
					
					
						101.3
					
					
						102.5
					
					
						106.7
					
					
						101.3
					
					
						99.1
					
					
						94.8
					
					
						119.9
					
					
						101.4
					
					
						100.5
					
					
						101.9
					
					
						105.7
					
					
						117.9
					
				
				
					
						      June p 
					
					
						102.0
					
					
						103.6
					
					
						107.3
					
					
						102.5
					
					
						98.9
					
					
						94.4
					
					
						120.7
					
					
						101.9
					
					
						100.4
					
					
						102.8
					
					
						106.4
					
					
						119.1
					
				
				
					
						1 Includes other items, not shown separately.
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Industrial ProductionâSelected Manufactures
					
				
				
					
						[2017=100; monthly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Durable manufactures
					
					
						Nondurable manufactures
					
				
				
					
						Primary metals
					
					
						Fabricatedmetalproducts
					
					
						Machinery
					
					
						Computer andelectronic products
					
					
						Transportationequipment
					
					
						Apparel
					
					
						Printingandrelatedsupportactivities
					
					
						Chemicals
					
					
						Food
					
				
				
					
						Total
					
					
						Ironandsteelproducts
					
					
						Total
					
					
						Selectedhigh-technology 1
					
					
						Total
					
					
						Motorvehiclesandparts
					
				
				
					
						2014 
					
					
						113.5
					
					
						112.2
					
					
						106.1
					
					
						112.7
					
					
						90.1
					
					
						82.6
					
					
						98.2
					
					
						94.7
					
					
						115.8
					
					
						100.0
					
					
						102.3
					
					
						96.1
					
				
				
					
						2015 
					
					
						105.7
					
					
						101.5
					
					
						102.6
					
					
						103.7
					
					
						90.9
					
					
						85.7
					
					
						100.9
					
					
						99.7
					
					
						110.0
					
					
						99.0
					
					
						101.9
					
					
						97.5
					
				
				
					
						2016 
					
					
						101.0
					
					
						96.8
					
					
						98.8
					
					
						95.8
					
					
						93.2
					
					
						91.4
					
					
						98.4
					
					
						101.0
					
					
						103.3
					
					
						100.6
					
					
						101.4
					
					
						99.6
					
				
				
					
						2017 
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
				
				
					
						2018 
					
					
						103.2
					
					
						103.4
					
					
						104.5
					
					
						104.6
					
					
						104.7
					
					
						108.5
					
					
						102.1
					
					
						104.1
					
					
						95.5
					
					
						99.8
					
					
						98.6
					
					
						100.3
					
				
				
					
						2019 
					
					
						97.3
					
					
						95.2
					
					
						102.4
					
					
						101.5
					
					
						106.4
					
					
						114.3
					
					
						97.2
					
					
						102.3
					
					
						96.8
					
					
						93.6
					
					
						97.2
					
					
						101.1
					
				
				
					
						2020 
					
					
						86.6
					
					
						87.1
					
					
						93.1
					
					
						90.6
					
					
						105.7
					
					
						116.2
					
					
						82.3
					
					
						88.1
					
					
						80.7
					
					
						84.8
					
					
						95.3
					
					
						102.6
					
				
				
					
						2021 
					
					
						96.1
					
					
						102.1
					
					
						96.7
					
					
						97.6
					
					
						110.2
					
					
						126.5
					
					
						88.0
					
					
						94.4
					
					
						89.5
					
					
						85.8
					
					
						99.7
					
					
						103.0
					
				
				
					
						2022 
					
					
						94.6
					
					
						95.7
					
					
						100.4
					
					
						102.9
					
					
						112.8
					
					
						134.7
					
					
						93.4
					
					
						101.2
					
					
						84.2
					
					
						89.3
					
					
						102.2
					
					
						104.8
					
				
				
					
						2023 
					
					
						94.8
					
					
						96.8
					
					
						99.6
					
					
						100.9
					
					
						114.3
					
					
						142.4
					
					
						98.2
					
					
						106.4
					
					
						80.3
					
					
						83.3
					
					
						103.7
					
					
						103.1
					
				
				
					
						2023: June 
					
					
						95.7
					
					
						98.0
					
					
						100.0
					
					
						99.0
					
					
						114.6
					
					
						142.4
					
					
						98.8
					
					
						107.1
					
					
						80.5
					
					
						81.8
					
					
						103.9
					
					
						102.3
					
				
				
					
						      July 
					
					
						94.4
					
					
						96.7
					
					
						99.8
					
					
						100.0
					
					
						115.6
					
					
						144.5
					
					
						101.5
					
					
						111.6
					
					
						79.7
					
					
						82.5
					
					
						103.6
					
					
						101.4
					
				
				
					
						      Aug 
					
					
						94.1
					
					
						96.6
					
					
						99.3
					
					
						100.9
					
					
						115.1
					
					
						143.7
					
					
						99.3
					
					
						107.5
					
					
						77.9
					
					
						83.4
					
					
						104.1
					
					
						102.2
					
				
				
					
						      Sept 
					
					
						96.1
					
					
						96.9
					
					
						99.4
					
					
						100.2
					
					
						114.3
					
					
						144.0
					
					
						99.0
					
					
						107.2
					
					
						75.8
					
					
						81.4
					
					
						104.4
					
					
						102.1
					
				
				
					
						      Oct 
					
					
						93.4
					
					
						95.9
					
					
						99.3
					
					
						99.1
					
					
						115.9
					
					
						146.5
					
					
						94.0
					
					
						98.6
					
					
						74.6
					
					
						80.6
					
					
						103.5
					
					
						102.7
					
				
				
					
						      Nov 
					
					
						94.7
					
					
						96.4
					
					
						99.2
					
					
						99.9
					
					
						116.3
					
					
						147.4
					
					
						99.2
					
					
						107.3
					
					
						73.1
					
					
						80.9
					
					
						103.1
					
					
						102.4
					
				
				
					
						      Dec 
					
					
						94.9
					
					
						96.0
					
					
						98.7
					
					
						98.8
					
					
						115.8
					
					
						147.8
					
					
						99.7
					
					
						108.7
					
					
						71.5
					
					
						80.6
					
					
						103.7
					
					
						102.4
					
				
				
					
						2024: Jan r 
					
					
						92.9
					
					
						93.2
					
					
						99.4
					
					
						98.1
					
					
						116.6
					
					
						148.1
					
					
						96.0
					
					
						102.3
					
					
						70.8
					
					
						81.7
					
					
						101.2
					
					
						101.6
					
				
				
					
						      Feb r 
					
					
						93.2
					
					
						93.9
					
					
						100.0
					
					
						100.0
					
					
						116.4
					
					
						147.6
					
					
						99.2
					
					
						108.2
					
					
						69.8
					
					
						82.9
					
					
						103.3
					
					
						102.1
					
				
				
					
						      Mar r 
					
					
						93.8
					
					
						93.7
					
					
						99.6
					
					
						98.5
					
					
						116.8
					
					
						148.6
					
					
						100.8
					
					
						110.6
					
					
						67.8
					
					
						83.7
					
					
						103.5
					
					
						101.4
					
				
				
					
						      Apr r 
					
					
						92.1
					
					
						91.8
					
					
						98.9
					
					
						98.1
					
					
						117.1
					
					
						150.0
					
					
						100.9
					
					
						109.8
					
					
						70.9
					
					
						84.6
					
					
						103.2
					
					
						101.6
					
				
				
					
						      May r 
					
					
						95.5
					
					
						92.8
					
					
						99.9
					
					
						98.8
					
					
						118.3
					
					
						153.0
					
					
						101.2
					
					
						109.8
					
					
						70.3
					
					
						84.3
					
					
						105.3
					
					
						102.3
					
				
				
					
						      June p 
					
					
						94.6
					
					
						93.4
					
					
						98.6
					
					
						98.1
					
					
						117.7
					
					
						153.3
					
					
						102.6
					
					
						111.6
					
					
						70.2
					
					
						86.4
					
					
						106.5
					
					
						102.0
					
				
				
					
						1 Computers and peripheral equipment, communications equipment, and semiconductors and related electronic components.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						New Construction
					
				
				
					
						[Billions of dollars; monthly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Totalnewconstructionexpenditures
					
					
						Private
					
					
						FederalandStateandlocal
					
				
				
					
						Total
					
					
						Residential
					
					
						Nonresidential
					
				
				
					
						Total 1
					
					
						Newhousing 
					
					
						Total
					
					
						Lodging
					
					
						Office
					
					
						Commercial(includingfarm)
					
					
						Manufacturing
					
					
						Other 2
					
				
				
					
						2014 
					
					
						1,015.3
					
					
						739.2
					
					
						377.5
					
					
						242.8
					
					
						361.7
					
					
						16.3
					
					
						38.9
					
					
						60.9
					
					
						60.1
					
					
						185.5
					
					
						276.1
					
				
				
					
						2015 
					
					
						1,132.1
					
					
						838.3
					
					
						431.8
					
					
						283.3
					
					
						406.6
					
					
						21.4
					
					
						47.9
					
					
						64.5
					
					
						82.4
					
					
						190.4
					
					
						293.8
					
				
				
					
						2016 
					
					
						1,213.1
					
					
						916.2
					
					
						479.4
					
					
						315.8
					
					
						436.8
					
					
						26.6
					
					
						59.8
					
					
						75.5
					
					
						78.9
					
					
						196.0
					
					
						297.0
					
				
				
					
						2017 
					
					
						1,279.8
					
					
						983.3
					
					
						539.0
					
					
						344.2
					
					
						444.3
					
					
						28.1
					
					
						59.9
					
					
						84.5
					
					
						70.0
					
					
						201.9
					
					
						296.5
					
				
				
					
						2018 
					
					
						1,333.2
					
					
						1,023.0
					
					
						557.6
					
					
						367.1
					
					
						465.5
					
					
						30.5
					
					
						66.8
					
					
						82.8
					
					
						72.0
					
					
						213.4
					
					
						310.2
					
				
				
					
						2019 
					
					
						1,391.0
					
					
						1,046.7
					
					
						546.6
					
					
						362.2
					
					
						500.1
					
					
						32.3
					
					
						77.5
					
					
						80.3
					
					
						80.5
					
					
						229.5
					
					
						344.3
					
				
				
					
						2020 
					
					
						1,499.6
					
					
						1,130.4
					
					
						634.7
					
					
						401.1
					
					
						495.6
					
					
						27.4
					
					
						80.5
					
					
						85.6
					
					
						75.1
					
					
						227.1
					
					
						369.2
					
				
				
					
						2021 
					
					
						1,653.4
					
					
						1,295.8
					
					
						799.2
					
					
						530.0
					
					
						496.6
					
					
						18.6
					
					
						77.5
					
					
						93.7
					
					
						81.6
					
					
						225.2
					
					
						357.6
					
				
				
					
						2022 
					
					
						1,902.7
					
					
						1,519.2
					
					
						922.8
					
					
						568.0
					
					
						596.5
					
					
						19.7
					
					
						82.4
					
					
						127.2
					
					
						124.5
					
					
						242.8
					
					
						383.5
					
				
				
					
						2023 
					
					
						2,023.7
					
					
						1,573.0
					
					
						866.9
					
					
						536.2
					
					
						706.1
					
					
						24.3
					
					
						84.3
					
					
						137.1
					
					
						193.1
					
					
						267.3
					
					
						450.7
					
				
				
					
						2023: June 
					
					
						2,023.0
					
					
						1,572.0
					
					
						864.8
					
					
						532.5
					
					
						707.2
					
					
						25.5
					
					
						83.3
					
					
						140.2
					
					
						197.1
					
					
						261.1
					
					
						451.0
					
				
				
					
						      July 
					
					
						2,027.4
					
					
						1,579.6
					
					
						874.2
					
					
						543.6
					
					
						705.5
					
					
						24.9
					
					
						82.0
					
					
						140.1
					
					
						196.4
					
					
						262.1
					
					
						447.8
					
				
				
					
						      Aug 
					
					
						2,047.4
					
					
						1,593.3
					
					
						876.6
					
					
						549.5
					
					
						716.7
					
					
						25.4
					
					
						83.5
					
					
						139.6
					
					
						200.9
					
					
						267.3
					
					
						454.1
					
				
				
					
						      Sept 
					
					
						2,055.2
					
					
						1,592.4
					
					
						877.6
					
					
						553.5
					
					
						714.8
					
					
						24.8
					
					
						83.8
					
					
						139.9
					
					
						194.9
					
					
						271.4
					
					
						462.8
					
				
				
					
						      Oct 
					
					
						2,071.1
					
					
						1,595.1
					
					
						877.6
					
					
						552.9
					
					
						717.5
					
					
						24.5
					
					
						83.8
					
					
						133.4
					
					
						202.1
					
					
						273.7
					
					
						476.1
					
				
				
					
						      Nov 
					
					
						2,090.7
					
					
						1,610.8
					
					
						879.1
					
					
						560.4
					
					
						731.7
					
					
						23.9
					
					
						85.6
					
					
						130.7
					
					
						211.5
					
					
						280.0
					
					
						479.9
					
				
				
					
						      Dec 
					
					
						2,101.3
					
					
						1,618.4
					
					
						886.4
					
					
						565.3
					
					
						732.0
					
					
						23.8
					
					
						84.4
					
					
						127.7
					
					
						212.5
					
					
						283.6
					
					
						482.9
					
				
				
					
						2024: Jan 
					
					
						2,122.2
					
					
						1,644.0
					
					
						904.2
					
					
						567.9
					
					
						739.8
					
					
						23.0
					
					
						85.0
					
					
						126.4
					
					
						222.5
					
					
						283.0
					
					
						478.2
					
				
				
					
						      Feb 
					
					
						2,133.8
					
					
						1,653.4
					
					
						914.1
					
					
						571.8
					
					
						739.3
					
					
						22.9
					
					
						85.5
					
					
						125.4
					
					
						223.8
					
					
						281.6
					
					
						480.4
					
				
				
					
						      Mar 
					
					
						2,135.8
					
					
						1,650.3
					
					
						911.9
					
					
						571.9
					
					
						738.4
					
					
						22.6
					
					
						84.7
					
					
						124.7
					
					
						224.8
					
					
						281.6
					
					
						485.5
					
				
				
					
						      Apr r 
					
					
						2,163.2
					
					
						1,676.3
					
					
						937.5
					
					
						569.8
					
					
						738.8
					
					
						22.5
					
					
						83.8
					
					
						122.2
					
					
						230.8
					
					
						279.5
					
					
						486.8
					
				
				
					
						      May r 
					
					
						2,154.8
					
					
						1,668.8
					
					
						931.1
					
					
						566.4
					
					
						737.7
					
					
						22.6
					
					
						82.4
					
					
						121.1
					
					
						234.5
					
					
						277.0
					
					
						486.0
					
				
				
					
						      June p 
					
					
						2,148.4
					
					
						1,664.6
					
					
						928.0
					
					
						561.1
					
					
						736.6
					
					
						22.7
					
					
						82.9
					
					
						120.1
					
					
						234.8
					
					
						276.1
					
					
						483.9
					
				
				
					
						1 Includes residential improvements, not shown separately. 
					
				
				
					
						2 Includes health care, educational, communication, and power, among other categories not shown separately.
					
				
				
					
						Source: Department of Commerce (Bureau of the Census).
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						New Private Housing and Vacancy Rates
					
				
				
					
						[Thousands of units or houses, except as noted]
					
				
				
					
						Period
					
					
						New housing units started
					
					
						New housing units authorized 2
					
					
						Newhousingunitscompleted
					
					
						Newhousessold
					
					
						Newhousesfor saleat endof period 3
					
					
						Vacancyrate forrentalhousingunits(percent) 4
					
				
				
					
						Type of structure
					
					
						Type of structure
					
				
				
					
						Total
					
					
						1 unit
					
					
						2â4 units 1
					
					
						5 units ormore
					
					
						Total
					
					
						1 unit
					
					
						2â4 units
					
					
						5 units ormore
					
				
				
					
						2014 
					
					
						1,003.3
					
					
						647.9
					
					
						13.7
					
					
						341.7
					
					
						1,052.1
					
					
						640.3
					
					
						29.9
					
					
						382.0
					
					
						883.8
					
					
						437
					
					
						210
					
					
						7.6
					
				
				
					
						2015 
					
					
						1,111.8
					
					
						714.5
					
					
						11.5
					
					
						385.8
					
					
						1,182.6
					
					
						696.0
					
					
						32.1
					
					
						454.5
					
					
						968.2
					
					
						501
					
					
						232
					
					
						7.1
					
				
				
					
						2016 
					
					
						1,173.8
					
					
						781.5
					
					
						11.5
					
					
						380.8
					
					
						1,206.6
					
					
						750.8
					
					
						34.8
					
					
						421.1
					
					
						1,059.7
					
					
						561
					
					
						254
					
					
						6.9
					
				
				
					
						2017 
					
					
						1,203.0
					
					
						848.9
					
					
						11.4
					
					
						342.7
					
					
						1,282.0
					
					
						820.0
					
					
						37.2
					
					
						424.8
					
					
						1,152.9
					
					
						613
					
					
						293
					
					
						7.2
					
				
				
					
						2018 
					
					
						1,249.9
					
					
						875.8
					
					
						13.9
					
					
						360.3
					
					
						1,328.8
					
					
						855.3
					
					
						39.7
					
					
						433.8
					
					
						1,184.9
					
					
						617
					
					
						346
					
					
						6.9
					
				
				
					
						2019 
					
					
						1,290.0
					
					
						887.7
					
					
						13.4
					
					
						388.9
					
					
						1,386.0
					
					
						862.1
					
					
						42.6
					
					
						481.4
					
					
						1,255.1
					
					
						683
					
					
						321
					
					
						6.8
					
				
				
					
						2020 
					
					
						1,379.6
					
					
						990.5
					
					
						12.3
					
					
						376.8
					
					
						1,471.1
					
					
						979.4
					
					
						47.2
					
					
						444.5
					
					
						1,286.9
					
					
						822
					
					
						297
					
					
						6.3
					
				
				
					
						2021 
					
					
						1,601.0
					
					
						1,127.2
					
					
						11.7
					
					
						462.1
					
					
						1,737.0
					
					
						1,115.4
					
					
						52.9
					
					
						568.8
					
					
						1,341.0
					
					
						771
					
					
						386
					
					
						6.1
					
				
				
					
						2022 
					
					
						1,552.6
					
					
						1,005.2
					
					
						16.4
					
					
						531.0
					
					
						1,680.4
					
					
						973.9
					
					
						55.2
					
					
						651.3
					
					
						1,390.5
					
					
						641
					
					
						451
					
					
						5.8
					
				
				
					
						2023 
					
					
						1,420.0
					
					
						947.7
					
					
						13.4
					
					
						458.8
					
					
						1,511.1
					
					
						920.0
					
					
						54.7
					
					
						536.4
					
					
						1,448.8
					
					
						666
					
					
						449
					
					
						6.5
					
				
				
					
					
						Seasonally adjusted annual rates
					
					
					
				
				
					
						2023: June 
					
					
						 1,415 
					
					
						 930 
					
					
						  
					
					
						 470 
					
					
						 1,493 
					
					
						 946 
					
					
						 55 
					
					
						 492 
					
					
						 1,480 
					
					
						 666 
					
					
						 428 
					
					
						6.3 
					
				
				
					
						      July 
					
					
						 1,473 
					
					
						 999 
					
					
						  
					
					
						 464 
					
					
						 1,501 
					
					
						 953 
					
					
						 49 
					
					
						 499 
					
					
						 1,343 
					
					
						 700 
					
					
						 427 
					
					
				
				
					
						      Aug 
					
					
						 1,305 
					
					
						 943 
					
					
						  
					
					
						 355 
					
					
						 1,578 
					
					
						 972 
					
					
						 64 
					
					
						 542 
					
					
						 1,373 
					
					
						 652 
					
					
						 428 
					
					
				
				
					
						      Sept 
					
					
						 1,363 
					
					
						 973 
					
					
						  
					
					
						 376 
					
					
						 1,515 
					
					
						 982 
					
					
						 51 
					
					
						 482 
					
					
						 1,466 
					
					
						 694 
					
					
						 435 
					
					
						6.6 
					
				
				
					
						      Oct 
					
					
						 1,365 
					
					
						 975 
					
					
						  
					
					
						 373 
					
					
						 1,534 
					
					
						 986 
					
					
						 51 
					
					
						 497 
					
					
						 1,382 
					
					
						 673 
					
					
						 442 
					
					
				
				
					
						      Nov 
					
					
						 1,510 
					
					
						 1,126 
					
					
						  
					
					
						 371 
					
					
						 1,508 
					
					
						 999 
					
					
						 50 
					
					
						 459 
					
					
						 1,466 
					
					
						 611 
					
					
						 450 
					
					
				
				
					
						      Dec 
					
					
						 1,568 
					
					
						 1,078 
					
					
						  
					
					
						 471 
					
					
						 1,530 
					
					
						 1,017 
					
					
						 51 
					
					
						 462 
					
					
						 1,557 
					
					
						 654 
					
					
						 449 
					
					
						6.6 
					
				
				
					
						2024: Jan 
					
					
						 1,376 
					
					
						 1,011 
					
					
						  
					
					
						 347 
					
					
						 1,508 
					
					
						 1,031 
					
					
						 51 
					
					
						 426 
					
					
						 1,504 
					
					
						 664 
					
					
						 461 
					
					
				
				
					
						      Feb 
					
					
						 1,546 
					
					
						 1,134 
					
					
						  
					
					
						 396 
					
					
						 1,563 
					
					
						 1,027 
					
					
						 57 
					
					
						 479 
					
					
						 1,698 
					
					
						 643 
					
					
						 465 
					
					
				
				
					
						      Mar r 
					
					
						 1,299 
					
					
						 1,041 
					
					
						  
					
					
						 251 
					
					
						 1,485 
					
					
						 984 
					
					
						 52 
					
					
						 449 
					
					
						 1,491 
					
					
						 683 
					
					
						 466 
					
					
						6.6 
					
				
				
					
						      Apr r 
					
					
						 1,377 
					
					
						 1,037 
					
					
						  
					
					
						 334 
					
					
						 1,440 
					
					
						 977 
					
					
						 56 
					
					
						 407 
					
					
						 1,659 
					
					
						 730 
					
					
						 467 
					
					
				
				
					
						      May r 
					
					
						 1,314 
					
					
						 1,002 
					
					
						  
					
					
						 295 
					
					
						 1,399 
					
					
						 956 
					
					
						 57 
					
					
						 386 
					
					
						 1,553 
					
					
						 621 
					
					
						 472 
					
					
				
				
					
						      June p 
					
					
						 1,353 
					
					
						 980 
					
					
						  
					
					
						 360 
					
					
						 1,454 
					
					
						 939 
					
					
						 49 
					
					
						 466 
					
					
						 1,710 
					
					
						 617 
					
					
						 476 
					
					
						6.6 
					
				
				
					
						1 Monthly data do not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards.
					
				
				
					
						2 Beginning with January 2023, an annually updated universe based on approximately 20,100 permit-issuing places.
					
				
				
					
						3 Seasonally adjusted.
					
				
				
					
						4 Quarterly data are three-month averages.  Annual data are averages of quarterly data.
					
				
				
					
						Source: Department of Commerce (Bureau of the Census).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Business Sales and InventoriesâManufacturing and Trade
					
				
				
					
						[Millions of dollars, except ratios; seasonally adjusted, except as noted]
					
				
				
					
						Period
					
					
						Manufacturing and trade 1
					
					
						Wholesale
					
					
						Retail
					
					
						Retail and food services sales 2
					
				
				
					
						Sales 2
					
					
						Inventories 3
					
					
						Inventory/salesratio 4
					
					
						Sales 2
					
					
						Inventories 3
					
					
						Inventory/salesratio 4
					
					
						Sales 2
					
					
						Inventories 3
					
					
						Inventory/salesratio 4
					
				
				
					
						2014 
					
					
						1,346,111
					
					
						1,789,576
					
					
						1.32
					
					
						468,666
					
					
						585,479
					
					
						1.22
					
					
						386,694
					
					
						561,265
					
					
						1.43
					
					
						434,766
					
				
				
					
						2015 
					
					
						1,303,168
					
					
						1,822,793
					
					
						1.39
					
					
						448,277
					
					
						596,937
					
					
						1.33
					
					
						393,805
					
					
						587,627
					
					
						1.46
					
					
						445,849
					
				
				
					
						2016 
					
					
						1,295,591
					
					
						1,857,230
					
					
						1.42
					
					
						444,712
					
					
						611,409
					
					
						1.36
					
					
						403,913
					
					
						610,018
					
					
						1.50
					
					
						458,743
					
				
				
					
						2017 
					
					
						1,357,499
					
					
						1,917,272
					
					
						1.39
					
					
						475,081
					
					
						632,608
					
					
						1.31
					
					
						420,018
					
					
						625,639
					
					
						1.47
					
					
						477,739
					
				
				
					
						2018 
					
					
						1,437,439
					
					
						2,001,961
					
					
						1.36
					
					
						508,768
					
					
						671,067
					
					
						1.28
					
					
						437,782
					
					
						653,345
					
					
						1.45
					
					
						498,707
					
				
				
					
						2019 
					
					
						1,434,972
					
					
						2,042,803
					
					
						1.42
					
					
						506,978
					
					
						679,805
					
					
						1.35
					
					
						450,123
					
					
						655,336
					
					
						1.46
					
					
						514,480
					
				
				
					
						2020 
					
					
						1,381,734
					
					
						1,991,890
					
					
						1.44
					
					
						484,270
					
					
						666,011
					
					
						1.37
					
					
						463,809
					
					
						623,463
					
					
						1.34
					
					
						518,310
					
				
				
					
						2021 
					
					
						1,633,429
					
					
						2,257,524
					
					
						1.29
					
					
						583,475
					
					
						785,340
					
					
						1.23
					
					
						543,320
					
					
						663,693
					
					
						1.15
					
					
						613,705
					
				
				
					
						2022 
					
					
						1,834,935
					
					
						2,529,366
					
					
						1.34
					
					
						671,342
					
					
						922,988
					
					
						1.31
					
					
						586,750
					
					
						747,278
					
					
						1.24
					
					
						668,429
					
				
				
					
						2023 
					
					
						1,837,800
					
					
						2,534,336
					
					
						1.37
					
					
						660,152
					
					
						898,541
					
					
						1.37
					
					
						600,011
					
					
						779,613
					
					
						1.27
					
					
						691,185
					
				
				
					
						2023: May r 
					
					
						1,824,192
					
					
						2,517,951
					
					
						1.38
					
					
						654,349
					
					
						906,386
					
					
						1.39
					
					
						596,688
					
					
						758,857
					
					
						1.27
					
					
						686,672
					
				
				
					
						      June r 
					
					
						1,816,524
					
					
						2,515,477
					
					
						1.38
					
					
						645,257
					
					
						901,945
					
					
						1.40
					
					
						597,826
					
					
						761,778
					
					
						1.27
					
					
						688,630
					
				
				
					
						      July 
					
					
						1,827,974
					
					
						2,513,472
					
					
						1.38
					
					
						652,076
					
					
						899,541
					
					
						1.38
					
					
						599,037
					
					
						761,675
					
					
						1.27
					
					
						690,408
					
				
				
					
						      Aug 
					
					
						1,851,786
					
					
						2,523,756
					
					
						1.36
					
					
						663,590
					
					
						899,169
					
					
						1.36
					
					
						603,784
					
					
						769,415
					
					
						1.27
					
					
						695,476
					
				
				
					
						      Sept 
					
					
						1,870,783
					
					
						2,530,833
					
					
						1.35
					
					
						676,535
					
					
						899,500
					
					
						1.33
					
					
						608,307
					
					
						774,984
					
					
						1.27
					
					
						701,286
					
				
				
					
						      Oct 
					
					
						1,850,769
					
					
						2,528,517
					
					
						1.37
					
					
						667,754
					
					
						896,495
					
					
						1.34
					
					
						606,596
					
					
						775,813
					
					
						1.28
					
					
						699,977
					
				
				
					
						      Nov 
					
					
						1,849,411
					
					
						2,523,556
					
					
						1.36
					
					
						664,096
					
					
						894,166
					
					
						1.35
					
					
						606,035
					
					
						773,633
					
					
						1.28
					
					
						700,707
					
				
				
					
						      Dec 
					
					
						1,855,254
					
					
						2,534,336
					
					
						1.37
					
					
						667,789
					
					
						898,541
					
					
						1.35
					
					
						608,730
					
					
						779,613
					
					
						1.28
					
					
						703,256
					
				
				
					
						2024: Jan 
					
					
						1,834,816
					
					
						2,533,958
					
					
						1.38
					
					
						658,352
					
					
						896,497
					
					
						1.36
					
					
						601,921
					
					
						782,409
					
					
						1.30
					
					
						695,631
					
				
				
					
						      Feb 
					
					
						1,860,134
					
					
						2,540,743
					
					
						1.37
					
					
						671,529
					
					
						898,704
					
					
						1.34
					
					
						606,720
					
					
						784,754
					
					
						1.29
					
					
						700,519
					
				
				
					
						      Mar 
					
					
						1,857,124
					
					
						2,537,490
					
					
						1.37
					
					
						662,797
					
					
						894,435
					
					
						1.35
					
					
						610,060
					
					
						785,658
					
					
						1.29
					
					
						703,738
					
				
				
					
						      Apr r 
					
					
						1,861,389
					
					
						2,546,223
					
					
						1.37
					
					
						663,902
					
					
						896,304
					
					
						1.35
					
					
						608,458
					
					
						791,615
					
					
						1.30
					
					
						702,681
					
				
				
					
						      May r 
					
					
						1,861,471
					
					
						2,557,199
					
					
						1.37
					
					
						666,727
					
					
						901,480
					
					
						1.35
					
					
						609,908
					
					
						796,303
					
					
						1.31
					
					
						704,483
					
				
				
					
						      June p 
					
					
					
						2,564,599
					
					
					
					
						903,276
					
					
					
						609,493
					
					
						802,125
					
					
						1.32
					
					
						704,324
					
				
				
					
						1 See page 21 for manufacturing.
					
				
				
					
						2 Annual data are averages of monthly not seasonally adjusted figures; monthly data are seasonally adjusted totals for month.
					
				
				
					
						3 Seasonally adjusted, end of period.
					
				
				
					
						4 Annual data are averages of seasonally adjusted monthly ratios.
					
				
				
					
						Source: Department of Commerce (Bureau of the Census).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Manufacturersâ Shipments, Inventories, and Orders
					
				
				
					
				
				
					
						Period
					
					
						Manufacturersâ shipments 1
					
					
						Manufacturersâ inventories 2
					
					
						Manufacturersâ new orders 1
					
					
						Manufacturersâunfilledorders 2
					
					
						Manufacturersâinventory/shipmentsratio 3
					
				
				
					
						Total
					
					
						Durable goods
					
					
						Nondurablegoods
					
					
						Total
					
					
						Durable goods
					
					
						Nondurablegoods
					
					
						Total
					
					
						Durable goods
					
				
				
					
						Total
					
					
						Capitalgoodsindustries,nondefense
					
				
				
					
						 
					
					
						Millions of dollars, seasonally adjusted, except as noted
					
					
				
				
					
						2014 
					
					
						490,751
					
					
						233,108
					
					
						257,643
					
					
						642,832
					
					
						389,717
					
					
						253,115
					
					
						496,046
					
					
						238,403
					
					
						83,765
					
					
						1,251,037
					
					
						1.31
					
				
				
					
						2015 
					
					
						461,086
					
					
						231,822
					
					
						229,264
					
					
						638,229
					
					
						393,017
					
					
						245,212
					
					
						452,778
					
					
						223,515
					
					
						70,382
					
					
						1,200,531
					
					
						1.40
					
				
				
					
						2016 
					
					
						446,966
					
					
						226,344
					
					
						220,623
					
					
						635,803
					
					
						380,261
					
					
						255,542
					
					
						441,331
					
					
						220,708
					
					
						69,092
					
					
						1,183,458
					
					
						1.42
					
				
				
					
						2017 
					
					
						462,400
					
					
						230,618
					
					
						231,782
					
					
						659,025
					
					
						389,605
					
					
						269,420
					
					
						457,693
					
					
						225,912
					
					
						72,832
					
					
						1,179,941
					
					
						1.39
					
				
				
					
						2018 
					
					
						490,889
					
					
						244,005
					
					
						246,884
					
					
						677,549
					
					
						408,687
					
					
						268,862
					
					
						485,141
					
					
						238,257
					
					
						70,998
					
					
						1,165,561
					
					
						1.37
					
				
				
					
						2019 
					
					
						477,871
					
					
						238,376
					
					
						239,496
					
					
						707,662
					
					
						430,767
					
					
						276,895
					
					
						463,440
					
					
						223,944
					
					
						60,616
					
					
						1,045,883
					
					
						1.46
					
				
				
					
						2020 
					
					
						433,655
					
					
						218,622
					
					
						215,033
					
					
						702,416
					
					
						429,342
					
					
						273,074
					
					
						429,282
					
					
						214,249
					
					
						61,108
					
					
						1,046,684
					
					
						1.62
					
				
				
					
						2021 
					
					
						506,634
					
					
						246,071
					
					
						260,563
					
					
						808,491
					
					
						492,958
					
					
						315,533
					
					
						513,660
					
					
						253,097
					
					
						76,216
					
					
						1,190,351
					
					
						1.49
					
				
				
					
						2022 
					
					
						576,843
					
					
						272,620
					
					
						304,222
					
					
						859,100
					
					
						520,147
					
					
						338,953
					
					
						578,385
					
					
						274,163
					
					
						83,782
					
					
						1,269,711
					
					
						1.47
					
				
				
					
						2023 
					
					
						577,637
					
					
						281,052
					
					
						296,585
					
					
						856,182
					
					
						525,831
					
					
						330,351
					
					
						582,843
					
					
						286,258
					
					
						91,803
					
					
						1,388,697
					
					
						1.48
					
				
				
					
						2023: June 
					
					
						573,441
					
					
						282,829
					
					
						290,612
					
					
						851,754
					
					
						522,540
					
					
						329,214
					
					
						585,469
					
					
						294,857
					
					
						99,644
					
					
						1,322,733
					
					
						1.49
					
				
				
					
						      July 
					
					
						576,861
					
					
						283,129
					
					
						293,732
					
					
						852,256
					
					
						522,076
					
					
						330,180
					
					
						579,559
					
					
						285,827
					
					
						90,739
					
					
						1,330,381
					
					
						1.48
					
				
				
					
						      Aug 
					
					
						584,412
					
					
						284,398
					
					
						300,014
					
					
						855,172
					
					
						523,084
					
					
						332,088
					
					
						585,331
					
					
						285,317
					
					
						88,789
					
					
						1,336,174
					
					
						1.46
					
				
				
					
						      Sept 
					
					
						585,941
					
					
						282,905
					
					
						303,036
					
					
						856,349
					
					
						523,370
					
					
						332,979
					
					
						593,919
					
					
						290,883
					
					
						96,830
					
					
						1,349,113
					
					
						1.46
					
				
				
					
						      Oct 
					
					
						576,419
					
					
						279,075
					
					
						297,344
					
					
						856,209
					
					
						524,220
					
					
						331,989
					
					
						576,365
					
					
						279,021
					
					
						86,154
					
					
						1,353,995
					
					
						1.49
					
				
				
					
						      Nov 
					
					
						579,280
					
					
						282,224
					
					
						297,056
					
					
						855,757
					
					
						524,087
					
					
						331,670
					
					
						597,695
					
					
						300,639
					
					
						107,388
					
					
						1,377,332
					
					
						1.48
					
				
				
					
						      Dec 
					
					
						578,735
					
					
						280,897
					
					
						297,838
					
					
						856,182
					
					
						525,831
					
					
						330,351
					
					
						585,235
					
					
						287,397
					
					
						95,548
					
					
						1,388,697
					
					
						1.48
					
				
				
					
						2024: Jan 
					
					
						574,543
					
					
						279,424
					
					
						295,119
					
					
						855,052
					
					
						526,529
					
					
						328,523
					
					
						571,657
					
					
						276,538
					
					
						82,898
					
					
						1,390,645
					
					
						1.49
					
				
				
					
						      Feb 
					
					
						581,885
					
					
						282,084
					
					
						299,801
					
					
						857,285
					
					
						528,154
					
					
						329,131
					
					
						579,666
					
					
						279,865
					
					
						85,806
					
					
						1,393,319
					
					
						1.47
					
				
				
					
						      Mar 
					
					
						584,267
					
					
						282,410
					
					
						301,857
					
					
						857,397
					
					
						527,903
					
					
						329,494
					
					
						583,953
					
					
						282,096
					
					
						86,859
					
					
						1,397,856
					
					
						1.47
					
				
				
					
						      Apr 
					
					
						589,029
					
					
						285,652
					
					
						303,377
					
					
						858,304
					
					
						528,539
					
					
						329,765
					
					
						586,114
					
					
						282,737
					
					
						84,376
					
					
						1,399,682
					
					
						1.46
					
				
				
					
						      May r 
					
					
						584,836
					
					
						284,523
					
					
						300,313
					
					
						859,416
					
					
						529,463
					
					
						329,953
					
					
						583,300
					
					
						282,987
					
					
						84,064
					
					
						1,402,911
					
					
						1.47
					
				
				
					
						      June p 
					
					
						587,962
					
					
						287,931
					
					
						300,031
					
					
						859,198
					
					
						529,308
					
					
						329,890
					
					
						564,170
					
					
						264,139
					
					
						65,121
					
					
						1,383,880
					
					
						1.46
					
				
				
					
						1 Annual data are averages of monthly not seasonally adjusted figures; monthly data are seasonally adjusted totals for month. Shipments are the same as sales.
					
				
				
					
						2 Seasonally adjusted, end of period.
					
				
				
					
						3 Annual data are averages of seasonally adjusted monthly ratios.
					
				
				
					
						Note: Manufacturersâ nondurable new orders (not shown) are the same as nondurable shipments.  Also, there are no unfilled nondurable orders; data shown for total unfilled orders are durable unfilled orders.
					
				
				
					
						Total and durable shipments and inventories include data on semiconductors; new and unfilled orders do not.
					
				
				
					
						Source: Department of Commerce (Bureau of the Census).
					
				
				
					
				
			
		
		
		Prices
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Producer Prices
					
				
				
					
						[November 2009=100, except as noted; monthly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Totalfinaldemand 1
					
					
						Final demand goods
					
					
						Final demand services
					
					
						Finaldemandlessfoods,energy,andtrade(Aug. 2013=100) 2
					
					
						Processed goods for intermediate demand (1982=100)
					
					
						Unprocessed goods for intermediate demand (1982=100)
					
					
						Servicesforintermediatedemand
					
				
				
					
						Total
					
					
						Foods 2
					
					
						Energy
					
					
						Lessfoodandenergy
					
					
						Total
					
					
						Trade 3
					
					
						Transportationandwarehousing
					
					
						Other
					
					
						Total 
					
					
						Lessfoodandenergy
					
					
						Total 
					
					
						Nonfoodmaterialslessenergy
					
				
				
					
						Rel. imp. 4 
					
					
						100.0
					
					
						30.162
					
					
						5.633
					
					
						5.517
					
					
						19.012
					
					
						67.184
					
					
						19.195
					
					
						4.931
					
					
						43.059
					
					
						69.655
					
					
						100.0
					
					
						72.451
					
					
						100.0
					
					
						24.801
					
					
						100.0
					
				
				
					
						2014 
					
					
						110.9
					
					
						114.0
					
					
						121.6
					
					
						124.2
					
					
						109.5
					
					
						109.0
					
					
						110.2
					
					
						117.7
					
					
						107.5
					
					
						101.5
					
					
						201.9
					
					
						195.2
					
					
						249.3
					
					
						345.7
					
					
						108.9
					
				
				
					
						2015 
					
					
						109.9
					
					
						109.1
					
					
						118.4
					
					
						98.6
					
					
						109.9
					
					
						110.0
					
					
						111.6
					
					
						115.3
					
					
						108.7
					
					
						102.1
					
					
						188.0
					
					
						189.4
					
					
						189.1
					
					
						296.0
					
					
						110.2
					
				
				
					
						2016 
					
					
						110.4
					
					
						107.6
					
					
						115.1
					
					
						90.4
					
					
						110.7
					
					
						111.5
					
					
						113.1
					
					
						113.5
					
					
						110.6
					
					
						103.3
					
					
						182.2
					
					
						186.9
					
					
						173.4
					
					
						288.0
					
					
						112.1
					
				
				
					
						2017 
					
					
						113.0
					
					
						111.2
					
					
						116.5
					
					
						99.8
					
					
						113.2
					
					
						113.5
					
					
						114.8
					
					
						115.9
					
					
						112.8
					
					
						105.4
					
					
						190.7
					
					
						193.3
					
					
						190.8
					
					
						324.1
					
					
						115.0
					
				
				
					
						2018 
					
					
						116.2
					
					
						115.0
					
					
						116.7
					
					
						110.0
					
					
						116.0
					
					
						116.5
					
					
						116.9
					
					
						122.0
					
					
						115.8
					
					
						108.4
					
					
						200.9
					
					
						201.8
					
					
						200.1
					
					
						340.7
					
					
						118.6
					
				
				
					
						2019 
					
					
						118.2
					
					
						115.5
					
					
						118.9
					
					
						105.0
					
					
						117.6
					
					
						119.1
					
					
						119.7
					
					
						125.5
					
					
						118.2
					
					
						110.6
					
					
						198.1
					
					
						201.1
					
					
						185.9
					
					
						323.4
					
					
						121.4
					
				
				
					
						2020 
					
					
						118.4
					
					
						113.8
					
					
						120.4
					
					
						91.5
					
					
						118.5
					
					
						120.2
					
					
						121.7
					
					
						121.2
					
					
						119.5
					
					
						111.4
					
					
						192.5
					
					
						198.9
					
					
						167.6
					
					
						346.0
					
					
						121.9
					
				
				
					
						2021 
					
					
						126.710
					
					
						125.828
					
					
						130.989
					
					
						119.522
					
					
						126.218
					
					
						126.657
					
					
						130.682
					
					
						130.894
					
					
						124.466
					
					
						117.081
					
					
						229.979
					
					
						232.983
					
					
						242.264
					
					
						462.581
					
					
						130.683
					
				
				
					
						2022 
					
					
						138.753
					
					
						142.595
					
					
						149.299
					
					
						156.168
					
					
						136.802
					
					
						135.932
					
					
						148.779
					
					
						154.323
					
					
						128.299
					
					
						124.167
					
					
						267.939
					
					
						261.127
					
					
						316.821
					
					
						490.668
					
					
						139.795
					
				
				
					
						2023 
					
					
						141.549
					
					
						142.991
					
					
						150.536
					
					
						143.783
					
					
						140.747
					
					
						139.702
					
					
						151.455
					
					
						150.584
					
					
						133.215
					
					
						128.131
					
					
						258.108
					
					
						257.092
					
					
						255.504
					
					
						445.707
					
					
						145.955
					
				
				
					
						2023: June 
					
					
						140.672
					
					
						141.078
					
					
						149.005
					
					
						135.983
					
					
						140.567
					
					
						139.225
					
					
						150.682
					
					
						148.475
					
					
						133.029
					
					
						127.879
					
					
						254.438
					
					
						257.598
					
					
						242.227
					
					
						447.375
					
					
						145.484
					
				
				
					
						      July 
					
					
						141.461
					
					
						141.389
					
					
						149.444
					
					
						137.020
					
					
						140.615
					
					
						140.321
					
					
						153.298
					
					
						148.772
					
					
						133.591
					
					
						128.182
					
					
						253.608
					
					
						256.291
					
					
						248.175
					
					
						434.553
					
					
						146.456
					
				
				
					
						      Aug 
					
					
						142.353
					
					
						143.773
					
					
						148.916
					
					
						149.155
					
					
						140.768
					
					
						140.566
					
					
						153.087
					
					
						148.781
					
					
						134.044
					
					
						128.493
					
					
						258.663
					
					
						255.773
					
					
						253.449
					
					
						433.754
					
					
						146.296
					
				
				
					
						      Sept 
					
					
						142.658
					
					
						145.037
					
					
						149.456
					
					
						153.943
					
					
						141.135
					
					
						140.449
					
					
						151.396
					
					
						149.372
					
					
						134.487
					
					
						128.885
					
					
						259.969
					
					
						255.860
					
					
						260.916
					
					
						432.037
					
					
						146.741
					
				
				
					
						      Oct 
					
					
						142.191
					
					
						143.233
					
					
						149.798
					
					
						144.051
					
					
						141.257
					
					
						140.580
					
					
						151.414
					
					
						150.058
					
					
						134.604
					
					
						129.015
					
					
						257.498
					
					
						255.709
					
					
						256.642
					
					
						431.979
					
					
						146.753
					
				
				
					
						      Nov 
					
					
						142.267
					
					
						142.960
					
					
						150.798
					
					
						141.212
					
					
						141.429
					
					
						140.824
					
					
						152.081
					
					
						149.708
					
					
						134.739
					
					
						129.107
					
					
						255.588
					
					
						255.045
					
					
						251.309
					
					
						434.930
					
					
						147.485
					
				
				
					
						      Dec 
					
					
						142.170
					
					
						142.811
					
					
						150.780
					
					
						140.056
					
					
						141.558
					
					
						140.746
					
					
						150.323
					
					
						149.481
					
					
						135.353
					
					
						129.490
					
					
						254.490
					
					
						255.497
					
					
						241.012
					
					
						436.349
					
					
						148.164
					
				
				
					
						2024: Jan 
					
					
						142.683
					
					
						142.643
					
					
						150.285
					
					
						138.482
					
					
						141.921
					
					
						141.562
					
					
						150.510
					
					
						149.192
					
					
						136.533
					
					
						130.276
					
					
						254.209
					
					
						256.307
					
					
						244.751
					
					
						430.833
					
					
						149.437
					
				
				
					
						      Feb r 
					
					
						143.509
					
					
						144.273
					
					
						151.772
					
					
						143.877
					
					
						142.415
					
					
						142.056
					
					
						150.919
					
					
						150.983
					
					
						136.924
					
					
						130.739
					
					
						257.823
					
					
						257.548
					
					
						244.000
					
					
						423.329
					
					
						149.486
					
				
				
					
						      Mar r 
					
					
						143.410
					
					
						144.021
					
					
						152.293
					
					
						142.031
					
					
						142.446
					
					
						142.017
					
					
						149.745
					
					
						151.284
					
					
						137.308
					
					
						130.997
					
					
						256.147
					
					
						256.185
					
					
						240.500
					
					
						425.280
					
					
						149.818
					
				
				
					
						      Apr r 
					
					
						144.119
					
					
						144.514
					
					
						151.150
					
					
						144.527
					
					
						142.771
					
					
						142.840
					
					
						150.692
					
					
						150.550
					
					
						138.238
					
					
						131.587
					
					
						257.432
					
					
						256.809
					
					
						245.440
					
					
						427.186
					
					
						150.198
					
				
				
					
						      May r 
					
					
						144.079
					
					
						143.404
					
					
						151.151
					
					
						137.860
					
					
						143.085
					
					
						143.280
					
					
						151.783
					
					
						149.361
					
					
						138.583
					
					
						131.795
					
					
						253.706
					
					
						256.857
					
					
						245.935
					
					
						435.040
					
					
						150.638
					
				
				
					
						      June p 
					
					
						144.402
					
					
						142.617
					
					
						150.646
					
					
						134.220
					
					
						143.109
					
					
						144.091
					
					
						154.718
					
					
						148.805
					
					
						138.680
					
					
						131.844
					
					
						253.129
					
					
						256.718
					
					
						249.429
					
					
						433.304
					
					
						150.980
					
				
				
					
						1 Includes final demand construction, not shown separately.
					
				
				
					
						2 Does not include food and beverages for immediate consumption, which are defined as the service of preparing meals, snacks, and beverages to customer order for immediate consumption.
					
				
				
					
						3 Trade indexes measure changes in margins received by wholesalers and retailers.
					
				
				
					
						4 Relative importance, December 2023.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Consumer PricesâAll Urban Consumers
					
				
				
					
						[1982â84=100, except as noted; monthly data seasonally adjusted, except as noted by NSA]
					
				
				
					
						Period
					
					
						All items
					
					
						All items less food and energy
					
					
						Food
					
					
						Energy
					
					
						C-CPI-U(Dec. 1999=100, NSA) 3
					
				
				
					
						Notseasonallyadjusted(NSA)
					
					
						Seasonallyadjusted
					
					
						Total 1
					
					
						Shelter
					
					
						Medicalcare 2
					
					
						Apparel
					
					
						Newvehicles
					
					
						Total 1
					
					
						Athome
					
					
						Awayfromhome
					
					
						Total 1, 2
					
					
						Gasoline
					
				
				
					
						Rel. imp. 4 
					
					
						100.0
					
					
					
						79.609
					
					
						36.240
					
					
						7.970
					
					
						2.583
					
					
						3.592
					
					
						13.390
					
					
						8.047
					
					
						5.343
					
					
						7.001
					
					
						3.648
					
					
				
				
					
						2014 
					
					
						236.736
					
					
					
						237.897
					
					
						270.513
					
					
						435.292
					
					
						127.514
					
					
						146.275
					
					
						242.725
					
					
						239.456
					
					
						248.981
					
					
						243.583
					
					
						290.889
					
					
				
				
					
						2015 
					
					
						237.017
					
					
					
						242.247
					
					
						278.803
					
					
						446.752
					
					
						125.903
					
					
						147.135
					
					
						247.235
					
					
						242.250
					
					
						256.101
					
					
						202.895
					
					
						212.007
					
					
				
				
					
						2016 
					
					
						240.007
					
					
					
						247.602
					
					
						288.230
					
					
						463.675
					
					
						126.045
					
					
						147.358
					
					
						247.931
					
					
						239.065
					
					
						262.695
					
					
						189.535
					
					
						187.602
					
					
				
				
					
						2017 
					
					
						245.120
					
					
					
						252.169
					
					
						297.803
					
					
						475.322
					
					
						125.612
					
					
						146.992
					
					
						250.065
					
					
						238.589
					
					
						268.826
					
					
						204.540
					
					
						211.770
					
					
				
				
					
						2018 
					
					
						251.107
					
					
					
						257.565
					
					
						307.663
					
					
						484.707
					
					
						125.654
					
					
						146.287
					
					
						253.558
					
					
						239.661
					
					
						275.893
					
					
						219.941
					
					
						240.599
					
					
				
				
					
						2019 
					
					
						255.657
					
					
					
						263.211
					
					
						318.053
					
					
						498.413
					
					
						124.052
					
					
						146.834
					
					
						258.316
					
					
						241.775
					
					
						284.410
					
					
						215.294
					
					
						232.003
					
					
				
				
					
						2020 
					
					
						258.811
					
					
					
						267.693
					
					
						325.886
					
					
						518.876
					
					
						118.079
					
					
						147.600
					
					
						267.219
					
					
						250.233
					
					
						293.944
					
					
						196.949
					
					
						194.130
					
					
				
				
					
						2021 
					
					
						270.970
					
					
					
						277.255
					
					
						334.575
					
					
						525.276
					
					
						120.993
					
					
						156.240
					
					
						277.756
					
					
						258.892
					
					
						307.296
					
					
						238.325
					
					
						264.017
					
					
				
				
					
						2022 
					
					
						292.655
					
					
					
						294.307
					
					
						354.235
					
					
						546.554
					
					
						127.081
					
					
						172.480
					
					
						305.388
					
					
						288.451
					
					
						330.822
					
					
						298.266
					
					
						347.747
					
					
				
				
					
						2023 
					
					
						304.702
					
					
					
						308.381
					
					
						380.643
					
					
						549.084
					
					
						130.579
					
					
						178.899
					
					
						322.965
					
					
						302.929
					
					
						354.256
					
					
						283.286
					
					
						311.574
					
					
				
				
					
						2023: June 
					
					
						305.109
					
					
						304.003
					
					
						308.245
					
					
						380.032
					
					
						547.832
					
					
						131.085
					
					
						178.602
					
					
						322.347
					
					
						302.030
					
					
						354.245
					
					
						276.411
					
					
						302.412
					
					
						170.303
					
				
				
					
						      July 
					
					
						305.691
					
					
						304.628
					
					
						308.945
					
					
						381.850
					
					
						546.959
					
					
						131.256
					
					
						178.541
					
					
						322.969
					
					
						302.645
					
					
						354.862
					
					
						276.352
					
					
						301.784
					
					
						170.566
					
				
				
					
						      Aug 
					
					
						307.026
					
					
						306.187
					
					
						309.656
					
					
						383.185
					
					
						547.354
					
					
						131.458
					
					
						178.927
					
					
						323.754
					
					
						303.209
					
					
						356.083
					
					
						288.392
					
					
						326.825
					
					
						171.315
					
				
				
					
						      Sept 
					
					
						307.789
					
					
						307.288
					
					
						310.644
					
					
						385.370
					
					
						548.158
					
					
						130.998
					
					
						179.361
					
					
						324.356
					
					
						303.416
					
					
						357.488
					
					
						291.710
					
					
						332.019
					
					
						171.701
					
				
				
					
						      Oct 
					
					
						307.671
					
					
						307.531
					
					
						311.390
					
					
						386.675
					
					
						549.491
					
					
						131.008
					
					
						179.247
					
					
						325.312
					
					
						304.176
					
					
						358.824
					
					
						285.488
					
					
						317.678
					
					
						171.620
					
				
				
					
						      Nov 
					
					
						307.051
					
					
						308.024
					
					
						312.349
					
					
						388.398
					
					
						552.182
					
					
						130.174
					
					
						179.222
					
					
						325.870
					
					
						304.245
					
					
						360.383
					
					
						281.042
					
					
						304.982
					
					
						171.243
					
				
				
					
						      Dec 
					
					
						306.746
					
					
						308.742
					
					
						313.209
					
					
						389.979
					
					
						554.295
					
					
						130.168
					
					
						179.551
					
					
						326.545
					
					
						304.667
					
					
						361.564
					
					
						280.443
					
					
						303.242
					
					
						171.040
					
				
				
					
						2024: Jan 
					
					
						308.417
					
					
						309.685
					
					
						314.438
					
					
						392.452
					
					
						556.811
					
					
						129.261
					
					
						179.485
					
					
						327.813
					
					
						305.788
					
					
						363.249
					
					
						277.897
					
					
						293.287
					
					
						171.937
					
				
				
					
						      Feb 
					
					
						310.326
					
					
						311.054
					
					
						315.565
					
					
						394.126
					
					
						556.668
					
					
						129.975
					
					
						179.311
					
					
						327.880
					
					
						305.700
					
					
						363.596
					
					
						284.175
					
					
						304.302
					
					
						173.045
					
				
				
					
						      Mar 
					
					
						312.332
					
					
						312.230
					
					
						316.698
					
					
						395.772
					
					
						559.368
					
					
						130.823
					
					
						179.000
					
					
						328.212
					
					
						305.687
					
					
						364.546
					
					
						287.399
					
					
						309.587
					
					
						174.190
					
				
				
					
						      Apr 
					
					
						313.548
					
					
						313.207
					
					
						317.622
					
					
						397.268
					
					
						561.860
					
					
						132.394
					
					
						178.200
					
					
						328.267
					
					
						305.071
					
					
						365.813
					
					
						290.631
					
					
						318.186
					
					
						174.868
					
				
				
					
						      May 
					
					
						314.069
					
					
						313.225
					
					
						318.140
					
					
						398.867
					
					
						564.732
					
					
						131.945
					
					
						177.322
					
					
						328.721
					
					
						305.062
					
					
						367.099
					
					
						284.742
					
					
						306.599
					
					
						175.123
					
				
				
					
						      June 
					
					
						314.175
					
					
						313.049
					
					
						318.346
					
					
						399.546
					
					
						565.711
					
					
						132.088
					
					
						177.034
					
					
						329.524
					
					
						305.465
					
					
						368.616
					
					
						278.938
					
					
						294.968
					
					
						175.128
					
				
				
					
						1 Includes other items not shown separately.
					
				
				
					
						2 Commodities and services.
					
				
				
					
						3 Chained consumer price index (C-CPI-U) reflects the effect of substitution that consumers make across item categories in response to changes in relative prices.
					
				
				
					
						4 Relative importance, May 2024.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Changes in Consumer PricesâAll Urban Consumers
					
				
				
					
						[Percent change from preceding period; monthly data seasonally adjusted, except as noted by NSA]
					
				
				
					
						Period
					
					
						Allitems 1
					
					
						All items less food and energy
					
					
						Food
					
					
						Energy
					
					
						C-CPI-U(NSA) 3
					
					
						Addendum: All items,percent change (annual rate)
					
				
				
					
						Total 1
					
					
						Shelter
					
					
						Medicalcare 2
					
					
						Apparel
					
					
						Newvehicles
					
					
						Total 1
					
					
						Athome
					
					
						Awayfromhome
					
					
						Total 1, 2
					
					
						Gasoline
					
					
						Frompreviousquarter 4
					
					
						From3monthsearlier
					
					
						From6monthsearlier
					
					
						Fromyearearlier(NSA)
					
				
				
					
						 
					
					
						Change, December to December, NSA
					
					
					
					
					
				
				
					
						2014 
					
					
						0.8
					
					
						1.6
					
					
						2.9
					
					
						3.0
					
					
						â2.0
					
					
						0.5
					
					
						3.4
					
					
						3.7
					
					
						3.0
					
					
						â10.6
					
					
						â21.0
					
					
						0.5
					
					
					
					
					
						1.6
					
				
				
					
						2015 
					
					
						.7
					
					
						2.1
					
					
						3.2
					
					
						2.6
					
					
						â.9
					
					
						.2
					
					
						.8
					
					
						â.4
					
					
						2.6
					
					
						â12.6
					
					
						â19.7
					
					
						.4
					
					
					
					
					
						.1
					
				
				
					
						2016 
					
					
						2.1
					
					
						2.2
					
					
						3.6
					
					
						4.1
					
					
						â.1
					
					
						.3
					
					
						â.2
					
					
						â2.0
					
					
						2.3
					
					
						5.4
					
					
						9.1
					
					
						1.8
					
					
					
					
					
						1.3
					
				
				
					
						2017 
					
					
						2.1
					
					
						1.8
					
					
						3.2
					
					
						1.8
					
					
						â1.6
					
					
						â.5
					
					
						1.6
					
					
						.9
					
					
						2.5
					
					
						6.9
					
					
						10.7
					
					
						1.7
					
					
					
					
					
						2.1
					
				
				
					
						2018 
					
					
						1.9
					
					
						2.2
					
					
						3.2
					
					
						2.0
					
					
						â.1
					
					
						â.3
					
					
						1.6
					
					
						.6
					
					
						2.8
					
					
						â.3
					
					
						â2.1
					
					
						1.5
					
					
					
					
					
						2.4
					
				
				
					
						2019 
					
					
						2.3
					
					
						2.3
					
					
						3.2
					
					
						4.6
					
					
						â1.2
					
					
						.1
					
					
						1.8
					
					
						.7
					
					
						3.1
					
					
						3.4
					
					
						7.9
					
					
						1.8
					
					
					
					
					
						1.8
					
				
				
					
						2020 
					
					
						1.4
					
					
						1.6
					
					
						1.8
					
					
						1.8
					
					
						â3.9
					
					
						2.0
					
					
						3.9
					
					
						3.9
					
					
						3.9
					
					
						â7.0
					
					
						â15.2
					
					
						1.5
					
					
					
					
					
						1.2
					
				
				
					
						2021 
					
					
						7.0
					
					
						5.5
					
					
						4.1
					
					
						2.2
					
					
						5.8
					
					
						11.8
					
					
						6.3
					
					
						6.5
					
					
						6.0
					
					
						29.3
					
					
						49.6
					
					
						6.5
					
					
					
					
					
						4.7
					
				
				
					
						2022 
					
					
						6.5
					
					
						5.7
					
					
						7.5
					
					
						4.0
					
					
						2.9
					
					
						5.9
					
					
						10.4
					
					
						11.8
					
					
						8.3
					
					
						7.3
					
					
						â1.5
					
					
						6.4
					
					
					
					
					
						8.0
					
				
				
					
						2023 
					
					
						3.4
					
					
						3.9
					
					
						6.2
					
					
						.5
					
					
						1.0
					
					
						1.0
					
					
						2.7
					
					
						1.3
					
					
						5.2
					
					
						â2.0
					
					
						â1.9
					
					
						3.1
					
					
					
					
					
						4.1
					
				
				
					
						 
					
					
						Change, month to month
					
					
					
					
					
				
				
					
						2023: June 
					
					
						0.2
					
					
						0.2
					
					
						0.4
					
					
						.0
					
					
						0.1
					
					
						.0
					
					
						0.2
					
					
						.0
					
					
						0.4
					
					
						0.5
					
					
						0.8
					
					
						0.3
					
					
						3.0
					
					
						3.0
					
					
						3.5
					
					
						3.0
					
				
				
					
						      July 
					
					
						.2
					
					
						.2
					
					
						.5
					
					
						â.2
					
					
						.1
					
					
						.0
					
					
						.2
					
					
						.2
					
					
						.2
					
					
						.0
					
					
						â.2
					
					
						.2
					
					
					
						2.1
					
					
						2.9
					
					
						3.2
					
				
				
					
						      Aug 
					
					
						.5
					
					
						.2
					
					
						.3
					
					
						.1
					
					
						.2
					
					
						.2
					
					
						.2
					
					
						.2
					
					
						.3
					
					
						4.4
					
					
						8.3
					
					
						.4
					
					
					
						3.8
					
					
						3.1
					
					
						3.7
					
				
				
					
						      Sept 
					
					
						.4
					
					
						.3
					
					
						.6
					
					
						.1
					
					
						â.3
					
					
						.2
					
					
						.2
					
					
						.1
					
					
						.4
					
					
						1.2
					
					
						1.6
					
					
						.2
					
					
						3.4
					
					
						4.4
					
					
						3.7
					
					
						3.7
					
				
				
					
						      Oct 
					
					
						.1
					
					
						.2
					
					
						.3
					
					
						.2
					
					
						.0
					
					
						â.1
					
					
						.3
					
					
						.3
					
					
						.4
					
					
						â2.1
					
					
						â4.3
					
					
						.0
					
					
					
						3.9
					
					
						3.0
					
					
						3.2
					
				
				
					
						      Nov 
					
					
						.2
					
					
						.3
					
					
						.4
					
					
						.5
					
					
						â.6
					
					
						.0
					
					
						.2
					
					
						.0
					
					
						.4
					
					
						â1.6
					
					
						â4.0
					
					
						â.2
					
					
					
						2.4
					
					
						3.1
					
					
						3.1
					
				
				
					
						      Dec 
					
					
						.2
					
					
						.3
					
					
						.4
					
					
						.4
					
					
						.0
					
					
						.2
					
					
						.2
					
					
						.1
					
					
						.3
					
					
						â.2
					
					
						â.6
					
					
						â.1
					
					
						2.7
					
					
						1.9
					
					
						3.1
					
					
						3.4
					
				
				
					
						2024: Jan 
					
					
						.3
					
					
						.4
					
					
						.6
					
					
						.5
					
					
						â.7
					
					
						.0
					
					
						.4
					
					
						.4
					
					
						.5
					
					
						â.9
					
					
						â3.3
					
					
						.5
					
					
					
						2.8
					
					
						3.3
					
					
						3.1
					
				
				
					
						      Feb 
					
					
						.4
					
					
						.4
					
					
						.4
					
					
						.0
					
					
						.6
					
					
						â.1
					
					
						.0
					
					
						.0
					
					
						.1
					
					
						2.3
					
					
						3.8
					
					
						.6
					
					
					
						4.0
					
					
						3.2
					
					
						3.2
					
				
				
					
						      Mar 
					
					
						.4
					
					
						.4
					
					
						.4
					
					
						.5
					
					
						.7
					
					
						â.2
					
					
						.1
					
					
						.0
					
					
						.3
					
					
						1.1
					
					
						1.7
					
					
						.7
					
					
						3.8
					
					
						4.6
					
					
						3.2
					
					
						3.5
					
				
				
					
						      Apr 
					
					
						.3
					
					
						.3
					
					
						.4
					
					
						.4
					
					
						1.2
					
					
						â.4
					
					
						.0
					
					
						â.2
					
					
						.3
					
					
						1.1
					
					
						2.8
					
					
						.4
					
					
					
						4.6
					
					
						3.7
					
					
						3.4
					
				
				
					
						      May 
					
					
						.0
					
					
						.2
					
					
						.4
					
					
						.5
					
					
						â.3
					
					
						â.5
					
					
						.1
					
					
						.0
					
					
						.4
					
					
						â2.0
					
					
						â3.6
					
					
						.1
					
					
					
						2.8
					
					
						3.4
					
					
						3.3
					
				
				
					
						      June 
					
					
						â.1
					
					
						.1
					
					
						.2
					
					
						.2
					
					
						.1
					
					
						â.2
					
					
						.2
					
					
						.1
					
					
						.4
					
					
						â2.0
					
					
						â3.8
					
					
						.0
					
					
						2.8
					
					
						1.1
					
					
						2.8
					
					
						3.0
					
				
				
					
						1 Includes other items not shown separately.
					
				
				
					
						2 Commodities and services.
					
				
				
					
						3 Chained consumer price index (C-CPI-U) reflects the effect of substitution that consumers make across item categories in response to changes in relative prices. 
					
				
				
					
						4 Quarterly changes are shown in the last month of the quarter.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Changes in Producer Prices
					
				
				
					
						[Percent change from preceding period; monthly data seasonally adjusted, except as noted by NSA]
					
				
				
					
						Period
					
					
						Totalfinaldemand 1
					
					
						Final demand goods
					
					
						Final demand services
					
					
						Finaldemandlessfoods,energy,andtrade
					
					
						Processed goods for intermediate demand 
					
					
						Unprocessed goods for intermediate demand 
					
					
						Servicesforintermediatedemand
					
					
						Change from year earlier(NSA)
					
				
				
					
						Total
					
					
						Foods
					
					
						Energy
					
					
						Lessfoodandenergy
					
					
						Total
					
					
						Trade
					
					
						Transportationandwarehousing
					
					
						Other
					
					
						Total 
					
					
						Lessfoodandenergy
					
					
						Total 
					
					
						Nonfoodmaterialslessenergy
					
					
						Totalfinaldemand 
					
					
						Finaldemand goods
					
					
						Finaldemand services
					
				
				
					
						 
					
					
						Change, December to December, NSA
					
					
					
					
				
				
					
						2014 
					
					
						0.9
					
					
						â1.2
					
					
						4.4
					
					
						â13.2
					
					
						1.1
					
					
						2.1
					
					
						4.0
					
					
						0.8
					
					
						1.4
					
					
					
						â2.6
					
					
						â0.1
					
					
						â8.7
					
					
						â5.3
					
					
						1.8
					
					
						1.6
					
					
						1.2
					
					
						1.8
					
				
				
					
						2015 
					
					
						â1.1
					
					
						â3.8
					
					
						â5.2
					
					
						â16.4
					
					
						â.1
					
					
						.2
					
					
						.0
					
					
						â3.5
					
					
						.8
					
					
						0.3
					
					
						â6.6
					
					
						â3.8
					
					
						â25.3
					
					
						â18.5
					
					
						.5
					
					
						â.9
					
					
						â4.3
					
					
						.9
					
				
				
					
						2016 
					
					
						1.7
					
					
						1.9
					
					
						â1.6
					
					
						6.3
					
					
						1.7
					
					
						1.6
					
					
						1.0
					
					
						1.1
					
					
						2.0
					
					
						1.8
					
					
						1.8
					
					
						1.6
					
					
						13.0
					
					
						13.7
					
					
						2.6
					
					
						.5
					
					
						â1.4
					
					
						1.4
					
				
				
					
						2017 
					
					
						2.5
					
					
						3.5
					
					
						2.0
					
					
						10.1
					
					
						2.2
					
					
						2.1
					
					
						1.8
					
					
						2.3
					
					
						2.3
					
					
						2.3
					
					
						5.0
					
					
						3.6
					
					
						5.0
					
					
						8.5
					
					
						2.9
					
					
						2.4
					
					
						3.3
					
					
						1.8
					
				
				
					
						2018 
					
					
						2.6
					
					
						1.6
					
					
						2.8
					
					
						â3.1
					
					
						2.6
					
					
						3.0
					
					
						3.1
					
					
						6.5
					
					
						2.6
					
					
						2.8
					
					
						2.8
					
					
						3.5
					
					
						3.7
					
					
						2.9
					
					
						3.1
					
					
						2.8
					
					
						3.4
					
					
						2.6
					
				
				
					
						2019 
					
					
						1.4
					
					
						1.0
					
					
						1.2
					
					
						2.4
					
					
						.6
					
					
						1.4
					
					
						.8
					
					
						2.2
					
					
						1.8
					
					
						1.5
					
					
						â1.7
					
					
						â1.8
					
					
						â7.3
					
					
						â5.0
					
					
						1.7
					
					
						1.7
					
					
						.4
					
					
						2.2
					
				
				
					
						2020 
					
					
						.8
					
					
						.0
					
					
						â.2
					
					
						â6.8
					
					
						1.7
					
					
						1.3
					
					
						1.9
					
					
						â5.9
					
					
						1.7
					
					
						1.3
					
					
						1.5
					
					
						2.3
					
					
						1.3
					
					
						20.5
					
					
						2.1
					
					
						.2
					
					
						â1.5
					
					
						.9
					
				
				
					
						2021 
					
					
						10.0
					
					
						13.4
					
					
						13.1
					
					
						31.6
					
					
						9.3
					
					
						8.4
					
					
						14.2
					
					
						17.0
					
					
						4.8
					
					
						7.0
					
					
						24.4
					
					
						23.3
					
					
						40.0
					
					
						23.1
					
					
						8.3
					
					
						7.0
					
					
						10.6
					
					
						5.4
					
				
				
					
						2022 
					
					
						6.4
					
					
						7.9
					
					
						14.3
					
					
						9.4
					
					
						5.8
					
					
						5.3
					
					
						9.2
					
					
						10.8
					
					
						2.8
					
					
						4.7
					
					
						4.8
					
					
						2.4
					
					
						10.7
					
					
						â6.3
					
					
						6.0
					
					
						9.5
					
					
						13.3
					
					
						7.3
					
				
				
					
						2023 
					
					
						1.1
					
					
						â.5
					
					
						â4.1
					
					
						â4.7
					
					
						1.9
					
					
						1.8
					
					
						â1.5
					
					
						â4.4
					
					
						4.1
					
					
						2.7
					
					
						â2.8
					
					
						â1.0
					
					
						â18.7
					
					
						â3.3
					
					
						3.7
					
					
						2.0
					
					
						.3
					
					
						2.8
					
				
				
					
						 
					
					
						Change, month to month
					
					
					
					
				
				
					
						2023: June 
					
					
						.0
					
					
						â0.1
					
					
						â0.4
					
					
						0.4
					
					
						â0.1
					
					
						.0
					
					
						â0.8
					
					
						â0.3
					
					
						0.5
					
					
						0.2
					
					
						â0.5
					
					
						â0.4
					
					
						â1.2
					
					
						â1.4
					
					
						.0
					
					
						.3
					
					
						â4.3
					
					
						2.5
					
				
				
					
						      July 
					
					
						.6
					
					
						.2
					
					
						.3
					
					
						.8
					
					
						.0
					
					
						.8
					
					
						1.7
					
					
						.2
					
					
						.4
					
					
						.2
					
					
						â.3
					
					
						â.5
					
					
						2.5
					
					
						â2.9
					
					
						.7
					
					
						1.1
					
					
						â2.4
					
					
						3.0
					
				
				
					
						      Aug 
					
					
						.6
					
					
						1.7
					
					
						â.4
					
					
						8.9
					
					
						.1
					
					
						.2
					
					
						â.1
					
					
						.0
					
					
						.3
					
					
						.2
					
					
						2.0
					
					
						â.2
					
					
						2.1
					
					
						â.2
					
					
						â.1
					
					
						1.9
					
					
						.4
					
					
						2.7
					
				
				
					
						      Sept 
					
					
						.2
					
					
						.9
					
					
						.4
					
					
						3.2
					
					
						.3
					
					
						â.1
					
					
						â1.1
					
					
						.4
					
					
						.3
					
					
						.3
					
					
						.5
					
					
						.0
					
					
						2.9
					
					
						â.4
					
					
						.3
					
					
						1.8
					
					
						.8
					
					
						2.4
					
				
				
					
						      Oct 
					
					
						â.3
					
					
						â1.2
					
					
						.2
					
					
						â6.4
					
					
						.1
					
					
						.1
					
					
						.0
					
					
						.5
					
					
						.1
					
					
						.1
					
					
						â1.0
					
					
						â.1
					
					
						â1.6
					
					
						.0
					
					
						.0
					
					
						1.1
					
					
						â1.1
					
					
						2.2
					
				
				
					
						      Nov 
					
					
						.1
					
					
						â.2
					
					
						.7
					
					
						â2.0
					
					
						.1
					
					
						.2
					
					
						.4
					
					
						â.2
					
					
						.1
					
					
						.1
					
					
						â.7
					
					
						â.3
					
					
						â2.1
					
					
						.7
					
					
						.5
					
					
						.8
					
					
						â1.6
					
					
						2.0
					
				
				
					
						      Dec 
					
					
						â.1
					
					
						â.1
					
					
						.0
					
					
						â.8
					
					
						.1
					
					
						â.1
					
					
						â1.2
					
					
						â.2
					
					
						.5
					
					
						.3
					
					
						â.4
					
					
						.2
					
					
						â4.1
					
					
						.3
					
					
						.5
					
					
						1.1
					
					
						â.5
					
					
						1.8
					
				
				
					
						2024: Jan 
					
					
						.4
					
					
						â.1
					
					
						â.3
					
					
						â1.1
					
					
						.3
					
					
						.6
					
					
						.1
					
					
						â.2
					
					
						.9
					
					
						.6
					
					
						â.1
					
					
						.3
					
					
						1.6
					
					
						â1.3
					
					
						.9
					
					
						1.0
					
					
						â1.5
					
					
						2.3
					
				
				
					
						      Feb r 
					
					
						.6
					
					
						1.1
					
					
						1.0
					
					
						3.9
					
					
						.3
					
					
						.3
					
					
						.3
					
					
						1.2
					
					
						.3
					
					
						.4
					
					
						1.4
					
					
						.5
					
					
						â.3
					
					
						â1.7
					
					
						.0
					
					
						1.6
					
					
						.2
					
					
						2.4
					
				
				
					
						      Mar r 
					
					
						â.1
					
					
						â.2
					
					
						.3
					
					
						â1.3
					
					
						.0
					
					
						.0
					
					
						â.8
					
					
						.2
					
					
						.3
					
					
						.2
					
					
						â.7
					
					
						â.5
					
					
						â1.4
					
					
						.5
					
					
						.2
					
					
						1.9
					
					
						.8
					
					
						2.5
					
				
				
					
						      Apr r 
					
					
						.5
					
					
						.3
					
					
						â.8
					
					
						1.8
					
					
						.2
					
					
						.6
					
					
						.6
					
					
						â.5
					
					
						.7
					
					
						.5
					
					
						.5
					
					
						.2
					
					
						2.1
					
					
						.4
					
					
						.3
					
					
						2.2
					
					
						1.2
					
					
						2.8
					
				
				
					
						      May r 
					
					
						.0
					
					
						â.8
					
					
						.0
					
					
						â4.6
					
					
						.2
					
					
						.3
					
					
						.7
					
					
						â.8
					
					
						.2
					
					
						.2
					
					
						â1.4
					
					
						.0
					
					
						.2
					
					
						1.8
					
					
						.3
					
					
						2.4
					
					
						1.6
					
					
						3.0
					
				
				
					
						      June p 
					
					
						.2
					
					
						â.5
					
					
						â.3
					
					
						â2.6
					
					
						.0
					
					
						.6
					
					
						1.9
					
					
						â.4
					
					
						.1
					
					
						.0
					
					
						â.2
					
					
						â.1
					
					
						1.4
					
					
						â.4
					
					
						.2
					
					
						2.6
					
					
						1.0
					
					
						3.5
					
				
				
					
						1 Includes final demand construction, not shown separately.
					
				
				
					
						Source: Department of Labor (Bureau of Labor Statistics).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
			
			
				
					
						Prices Received and Paid by Farmers
					
				
				
					
						[2011=100; not seasonally adjusted]
					
				
				
					
						Period
					
					
						Prices received by farmers 1
					
					
						Prices paid by farmers
					
					
						Ratio of prices received by farmers to PPITW
					
				
				
					
						Agriculturalproduction
					
					
						Cropproduction
					
					
						Livestockproduction
					
					
						All commodities, services, interest, taxes, and wage rates (PPITW) 2
					
					
						 Production items, interest, taxes, and wage rates (PITW)
					
					
						Productionitems
					
				
				
					
						2014 
					
					
						107.9
					
					
						92.3
					
					
						128.7
					
					
						112.0
					
					
						113.1
					
					
						114.1
					
					
						96
					
				
				
					
						2015 
					
					
						99.2
					
					
						87.0
					
					
						113.4
					
					
						110.7
					
					
						111.6
					
					
						112.0
					
					
						90
					
				
				
					
						2016 
					
					
						90.2
					
					
						85.5
					
					
						94.4
					
					
						105.8
					
					
						105.7
					
					
						104.7
					
					
						85
					
				
				
					
						2017 
					
					
						93.4
					
					
						86.2
					
					
						100.1
					
					
						106.5
					
					
						106.1
					
					
						104.5
					
					
						87
					
				
				
					
						2018 
					
					
						90.5
					
					
						85.8
					
					
						94.4
					
					
						109.6
					
					
						109.3
					
					
						107.1
					
					
						83
					
				
				
					
						2019 
					
					
						89.9
					
					
						84.8
					
					
						95.6
					
					
						110.3
					
					
						109.8
					
					
						106.8
					
					
						82
					
				
				
					
						2020 
					
					
						94.9
					
					
						100.5
					
					
						88.7
					
					
						110.2
					
					
						109.4
					
					
						105.8
					
					
						80
					
				
				
					
						2021 
					
					
						109.9
					
					
						114.4
					
					
						105.1
					
					
						119.9
					
					
						119.7
					
					
						116.8
					
					
						87
					
				
				
					
						2022 
					
					
						130.2
					
					
						123.5
					
					
						138.9
					
					
						137.4
					
					
						138.7
					
					
						136.6
					
					
						94
					
				
				
					
						2023 
					
					
						118.5
					
					
						106.9
					
					
						133.5
					
					
						140.4
					
					
						141.2
					
					
						137.9
					
					
						88
					
				
				
					
						2023: June 
					
					
						127.4
					
					
						120.9
					
					
						134.4
					
					
						139.8
					
					
						140.4
					
					
						137.3
					
					
						91
					
				
				
					
						      July 
					
					
						125.0
					
					
						119.8
					
					
						131.7
					
					
						139.9
					
					
						140.6
					
					
						137.1
					
					
						89
					
				
				
					
						      Aug 
					
					
						125.6
					
					
						118.3
					
					
						133.7
					
					
						140.1
					
					
						140.6
					
					
						137.1
					
					
						90
					
				
				
					
						      Sept r 
					
					
						121.9
					
					
						113.1
					
					
						132.4
					
					
						140.0
					
					
						140.5
					
					
						137.0
					
					
						87
					
				
				
					
						      Oct r 
					
					
						114.0
					
					
						104.3
					
					
						132.5
					
					
						140.2
					
					
						140.7
					
					
						137.1
					
					
						81
					
				
				
					
						      Nov r 
					
					
						114.1
					
					
						101.6
					
					
						133.5
					
					
						139.6
					
					
						140.1
					
					
						136.4
					
					
						81
					
				
				
					
						      Dec r 
					
					
						113.2
					
					
						101.7
					
					
						129.2
					
					
						139.0
					
					
						139.4
					
					
						135.6
					
					
						81
					
				
				
					
						2024: Jan r 
					
					
						112.0
					
					
						98.1
					
					
						136.5
					
					
						139.1
					
					
						139.4
					
					
						135.2
					
					
						81
					
				
				
					
						      Feb r 
					
					
						120.5
					
					
						101.2
					
					
						141.3
					
					
						139.8
					
					
						140.1
					
					
						135.9
					
					
						86
					
				
				
					
						      Mar r 
					
					
						122.3
					
					
						100.1
					
					
						144.5
					
					
						140.6
					
					
						140.8
					
					
						136.8
					
					
						87
					
				
				
					
						      Apr r 
					
					
						122.6
					
					
						101.7
					
					
						142.6
					
					
						140.1
					
					
						140.2
					
					
						136.5
					
					
						88
					
				
				
					
						      May r 
					
					
						123.8
					
					
						103.7
					
					
						142.9
					
					
						139.9
					
					
						139.9
					
					
						136.1
					
					
						89
					
				
				
					
						      June p 
					
					
						126.9
					
					
						107.8
					
					
						147.3
					
					
						139.6
					
					
						139.6
					
					
						135.8
					
					
						91
					
				
				
					
						1 Annual indexes for 2011 forward reflect revised methodology. See Agricultural Price Program Update, January 2015 for details.      
					
				
				
					
						2 Includes items not shown separately.
					
				
				
					
						Note: These indexes are also available on a 1910-14=100 basis, as required by statute. 
					
				
				
					
						Source: Department of Agriculture (National Agricultural Statistics Service).
					
				
			
		
		
		Money, Credit, and Security Markets
		
			
				
				
				
				
				
				
				
			
			
				
					
						Money Stock and Debt Measures
					
				
				
					
						[Averages of daily figures, except debt end-of-period basis; billions of dollars, seasonally adjusted]
					
				
				
					
						Period
					
					
						M1
					
					
						M2
					
					
						Debt
					
					
						Percent change
					
				
				
					
						Sum of currency, demand deposits, travelers checks, and other checkable deposits; includes savings deposits beginning May 2020 1
					
					
						M1 plussavings deposits,retail MMMF balances,and small time deposits 2
					
					
						Debt ofdomesticnonfinancialsectors 3
					
					
						From year or 6 months earlier 4
					
					
						Fromprevious period 5
					
				
				
					
						M1
					
					
						M2
					
					
						Debt
					
				
				
					
						2014: Dec 
					
					
						2,955.8
					
					
						11,692.0
					
					
						44,089.4
					
					
						10.5
					
					
						6.0
					
					
						3.9
					
				
				
					
						2015: Dec 
					
					
						3,104.1
					
					
						12,350.6
					
					
						45,909.3
					
					
						5.0
					
					
						5.6
					
					
						4.5
					
				
				
					
						2016: Dec 
					
					
						3,345.1
					
					
						13,212.5
					
					
						47,875.9
					
					
						7.8
					
					
						7.0
					
					
						4.4
					
				
				
					
						2017: Dec 
					
					
						3,613.3
					
					
						13,853.0
					
					
						50,041.2
					
					
						8.0
					
					
						4.8
					
					
						4.3
					
				
				
					
						2018: Dec 
					
					
						3,764.3
					
					
						14,355.3
					
					
						52,722.0
					
					
						4.2
					
					
						3.6
					
					
						4.7
					
				
				
					
						2019: Dec 
					
					
						4,008.4
					
					
						15,313.7
					
					
						55,176.2
					
					
						6.5
					
					
						6.7
					
					
						4.7
					
				
				
					
						2020: Dec 
					
					
						17,803.0
					
					
						19,097.3
					
					
						61,978.1
					
					
					
						24.7
					
					
						12.3
					
				
				
					
						2021: Dec 
					
					
						20,436.2
					
					
						21,500.5
					
					
						66,459.6
					
					
						14.8
					
					
						12.6
					
					
						6.3
					
				
				
					
						2022: Dec r 
					
					
						19,765.1
					
					
						21,309.3
					
					
						70,161.8
					
					
						â3.3
					
					
						â.9
					
					
						5.6
					
				
				
					
						2023: Dec r 
					
					
						18,012.3
					
					
						20,751.8
					
					
						73,753.1
					
					
						â8.9
					
					
						â2.6
					
					
						5.1
					
				
				
					
						2023: June r 
					
					
						18,485.8
					
					
						20,820.2
					
					
						71,936.3
					
					
						â12.9
					
					
						â4.6
					
					
						6.3
					
				
				
					
						      July r 
					
					
						18,381.8
					
					
						20,793.0
					
					
					
						â12.0
					
					
						â4.1
					
					
				
				
					
						      Aug r 
					
					
						18,271.7
					
					
						20,764.7
					
					
					
						â11.3
					
					
						â3.6
					
					
				
				
					
						      Sept r 
					
					
						18,151.7
					
					
						20,709.9
					
					
						72,898.9
					
					
						â8.6
					
					
						â1.8
					
					
						5.4
					
				
				
					
						      Oct r 
					
					
						18,070.1
					
					
						20,690.3
					
					
					
						â6.2
					
					
						â.5
					
					
				
				
					
						      Nov r 
					
					
						18,009.0
					
					
						20,703.3
					
					
					
						â6.3
					
					
						â1.3
					
					
				
				
					
						      Dec r 
					
					
						18,012.3
					
					
						20,751.8
					
					
						73,753.1
					
					
						â5.1
					
					
						â.7
					
					
						4.7
					
				
				
					
						2024: Jan r 
					
					
						17,975.2
					
					
						20,751.2
					
					
					
						â4.4
					
					
						â.4
					
					
				
				
					
						      Feb r 
					
					
						17,930.2
					
					
						20,743.9
					
					
					
						â3.7
					
					
						â.2
					
					
				
				
					
						      Mar r 
					
					
						17,990.1
					
					
						20,835.8
					
					
						74,586.9
					
					
						â1.8
					
					
						1.2
					
					
						4.5
					
				
				
					
						      Apr r 
					
					
						17,978.9
					
					
						20,861.5
					
					
					
						â1.0
					
					
						1.7
					
					
				
				
					
						      May r 
					
					
						18,022.8
					
					
						20,951.7
					
					
					
						.2
					
					
						2.4
					
					
				
				
					
						      June p 
					
					
						18,063.4
					
					
						21,024.7
					
					
					
						.6
					
					
						2.6
					
					
				
				
					
						1 Beginning May 2020, M1 includes savings deposits. Prior to May 2020, savings deposits were not included in M1. See the H.6 statistical release for additional details.
					
				
				
					
						2 Money market mutual fund (MMMF). Savings deposits include money market deposit accounts (MMDA).
					
				
				
					
						3 Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors; data from flow of funds accounts. Quarterly data shown in last month of quarter. End-of-year data are for fourth quarter.
					
				
				
					
						4 Annual changes are from December to December and monthly changes are from 6 months earlier at a simple annual rate.
					
				
				
					
						5 Debt growth of domestic nonfinancial sectors is the seasonally adjusted borrowing flow divided by the seasonally adjusted level of debt outstanding in the previous period. Annual changes are from fourth quarter to fourth quarter; quarterly changes are from previous quarter at an annual rate.
					
				
				
					
						Note: See p. 27 for components.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Aggregate Reserves and Monetary Base
					
				
				
					
						[Averages of daily figures 1; millions of dollars, not seasonally adjusted]
					
				
				
					
						Period
					
					
						Reserves of depository institutions
					
					
						Monetarybase 5
					
					
						Borrowings from the Federal Reserve
					
				
				
					
						Reserve balances maintained
					
					
						Reservebalancerequirements 3
					
					
						Vault cashused tosatisfyrequiredreserves
					
					
						Non-borrowed 4
					
					
						Total 6
					
					
						Primary
					
					
						Secondary
					
					
						Seasonal
					
					
						Termasset-backedsecuritiesloanfacility 7
					
				
				
					
						Total
					
					
						To satisfyreservebalancerequirements 2
					
					
						Thatexceed the top of the penalty-free band
					
				
				
					
						2014: Dec 
					
					
						2,606,700
					
					
						90,852
					
					
						2,515,848
					
					
						82,770
					
					
						59,236
					
					
						2,665,835
					
					
						3,934,455
					
					
						102
					
					
						22
					
					
						0
					
					
						80
					
					
						0
					
				
				
					
						2015: Dec 
					
					
						2,419,774
					
					
						97,981
					
					
						2,321,793
					
					
						89,313
					
					
						61,413
					
					
						2,481,082
					
					
						3,835,810
					
					
						106
					
					
						38
					
					
						0
					
					
						67
					
					
						0
					
				
				
					
						2016: Dec 
					
					
						2,031,007
					
					
						116,285
					
					
						1,914,722
					
					
						105,944
					
					
						64,280
					
					
						2,095,247
					
					
						3,531,565
					
					
						39
					
					
						13
					
					
						0
					
					
						25
					
					
						0
					
				
				
					
						2017: Dec 
					
					
						2,244,274
					
					
						135,719
					
					
						2,108,555
					
					
						123,720
					
					
						65,549
					
					
						2,309,747
					
					
						3,850,969
					
					
						75
					
					
						43
					
					
						0
					
					
						33
					
					
						0
					
				
				
					
						2018: Dec 
					
					
						1,691,394
					
					
						135,698
					
					
						1,555,696
					
					
						123,703
					
					
						68,462
					
					
						1,759,780
					
					
						3,400,747
					
					
						76
					
					
						18
					
					
						0
					
					
						58
					
					
						0
					
				
				
					
						2019: Dec 
					
					
						1,630,090
					
					
						152,562
					
					
						1,477,528
					
					
						138,984
					
					
						68,255
					
					
						1,698,323
					
					
						3,426,464
					
					
						21
					
					
						10
					
					
						0
					
					
						11
					
					
						0
					
				
				
					
						2020: Dec 
					
					
					
					
					
					
					
						3,076,300
					
					
						5,206,500
					
					
						58,685
					
					
					
					
					
				
				
					
						2021: Dec 
					
					
					
					
					
					
					
						4,149,900
					
					
						6,413,100
					
					
						38,082
					
					
					
					
					
				
				
					
						2022: Dec 
					
					
					
					
					
					
					
						3,090,000
					
					
						5,406,000
					
					
						17,300
					
					
					
					
					
				
				
					
						2023: Dec 
					
					
					
					
					
					
					
						3,358,500
					
					
						5,827,400
					
					
						133,490
					
					
					
					
					
				
				
					
						2023: June 
					
					
					
					
					
					
					
						2,974,300
					
					
						5,608,500
					
					
						291,303
					
					
					
					
					
				
				
					
						      July 
					
					
					
					
					
					
					
						2,906,800
					
					
						5,517,800
					
					
						271,937
					
					
					
					
					
				
				
					
						      Aug 
					
					
					
					
					
					
					
						2,971,200
					
					
						5,559,100
					
					
						256,759
					
					
					
					
					
				
				
					
						      Sept 
					
					
					
					
					
					
					
						3,017,400
					
					
						5,567,300
					
					
						222,201
					
					
					
					
					
				
				
					
						      Oct 
					
					
					
					
					
					
					
						3,104,600
					
					
						5,601,300
					
					
						171,891
					
					
					
					
					
				
				
					
						      Nov 
					
					
					
					
					
					
					
						3,250,100
					
					
						5,731,500
					
					
						153,339
					
					
					
					
					
				
				
					
						      Dec 
					
					
					
					
					
					
					
						3,358,500
					
					
						5,827,400
					
					
						133,490
					
					
					
					
					
				
				
					
						2024: Jan 
					
					
					
					
					
					
					
						3,346,900
					
					
						5,843,700
					
					
						160,073
					
					
					
					
					
				
				
					
						      Feb 
					
					
					
					
					
					
					
						3,397,500
					
					
						5,896,900
					
					
						170,207
					
					
					
					
					
				
				
					
						      Mar 
					
					
					
					
					
					
					
						3,382,600
					
					
						5,883,000
					
					
						160,502
					
					
					
					
					
				
				
					
						      Apr 
					
					
					
					
					
					
					
						3,293,500
					
					
						5,775,200
					
					
						135,938
					
					
					
					
					
				
				
					
						      May 
					
					
					
					
					
					
					
						3,255,700
					
					
						5,725,200
					
					
						120,410
					
					
					
					
					
				
				
					
						      June 
					
					
					
					
					
					
					
						3,262,700
					
					
						5,731,800
					
					
						116,842
					
					
					
					
					
				
				
					
						1 Data are prorated averages of biweekly (maintenance period) averages of daily figures. 
					
				
				
					
						2 Equals the sum of balances maintained up to the top of each institutionâs penalty-free band.
					
				
				
					
						3 Excludes vault cash used to satisfy required reserves.
					
				
				
					
						4 Total reserve balances maintained plus vault cash used to satisfy required reserves less total borrowings from the Federal Reserve.
					
				
				
					
						5 Equals total balances maintained plus currency in circulation (not shown). 
					
				
				
					
						6 Includes term auction credit (December 2007 to April 2010), primary dealer and other broker-dealer credit (March 2008 to February 2010), credit extended to American International Group, Inc. (September 2008 to January 2011), asset-backed commercial paper money market mutual fund liquidity facility (September 2008 to February 2010), and other credit extensions, not shown separately.
					
				
				
					
						7 Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
					
				
				
					
						Note: Data reflect the creation of a penalty-free band around reserve balance requirements which took effect June 27, 2013. See H.3 release of July 11, 2013.
					
				
				
					
						The last H.3 statistical release was published on September 17, 2020. For more information, see the announcements on August 20, 2020 and September 24, 2020.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Components of Money Stock
					
				
				
					
						[Averages of daily figures; billions of dollars, seasonally adjusted]
					
				
				
					
						Period
					
					
						Currency
					
					
						Nonbanktravelerschecks
					
					
						Demanddeposits
					
					
						Other checkabledeposits (OCDs)
					
					
						Savings deposits(including MMDAs)
					
					
						Small-denominationtime deposits 1
					
					
						Retailmoneyfunds
					
					
						Institutionalmoneyfunds 2
					
				
				
					
						Total
					
					
						Atcommercialbanks
					
					
						Atthriftinstitutions
					
					
						Total
					
					
						Atcommercialbanks
					
					
						Atthriftinstitutions
					
					
						Total
					
					
						Atcommercialbanks
					
					
						Atthriftinstitutions
					
				
				
					
						2014: Dec 
					
					
						1,253.4
					
					
						2.9
					
					
						1,214.9
					
					
						484.6
					
					
						265.1
					
					
						219.5
					
					
						7,567.0
					
					
						6,490.5
					
					
						1,076.5
					
					
						525.2
					
					
						392.8
					
					
						132.4
					
					
						644.0
					
					
						1,794.3
					
				
				
					
						2015: Dec 
					
					
						1,339.7
					
					
						2.5
					
					
						1,247.2
					
					
						514.7
					
					
						276.3
					
					
						238.4
					
					
						8,154.6
					
					
						7,011.5
					
					
						1,143.1
					
					
						426.6
					
					
						316.0
					
					
						110.7
					
					
						665.3
					
					
						1,825.4
					
				
				
					
						2016: Dec 
					
					
						1,421.1
					
					
						2.2
					
					
						1,375.0
					
					
						546.8
					
					
						288.1
					
					
						258.7
					
					
						8,801.2
					
					
						7,542.5
					
					
						1,258.7
					
					
						368.9
					
					
						267.2
					
					
						101.7
					
					
						697.4
					
					
						1,751.9
					
				
				
					
						2017: Dec 
					
					
						1,525.3
					
					
						1.9
					
					
						1,492.6
					
					
						593.5
					
					
						306.5
					
					
						287.0
					
					
						9,093.3
					
					
						7,795.8
					
					
						1,297.5
					
					
						433.5
					
					
						321.9
					
					
						111.6
					
					
						712.9
					
					
						1,839.0
					
				
				
					
						2018: Dec 
					
					
						1,625.0
					
					
						1.7
					
					
						1,507.8
					
					
						629.8
					
					
						334.5
					
					
						295.3
					
					
						9,230.9
					
					
						7,900.0
					
					
						1,330.8
					
					
						555.4
					
					
						447.8
					
					
						107.7
					
					
						804.7
					
					
						1,890.7
					
				
				
					
						2019: Dec 
					
					
						1,712.3
					
					
					
						1,620.7
					
					
						675.3
					
					
						370.2
					
					
						305.2
					
					
						9,724.3
					
					
						8,392.5
					
					
						1,331.9
					
					
						605.8
					
					
						483.8
					
					
						121.9
					
					
						975.2
					
					
						2,287.9
					
				
				
					
						2020: Dec 
					
					
						1,974.2
					
					
					
						3,315.4
					
					
					
					
					
					
					
					
						251.7
					
					
						200.7
					
					
						51.0
					
					
						1,042.6
					
					
						2,857.0
					
				
				
					
						2021: Dec 
					
					
						2,130.5
					
					
					
						4,765.9
					
					
					
					
					
					
					
					
						90.8
					
					
					
					
						973.5
					
					
				
				
					
						2022: Dec 
					
					
						2,210.6
					
					
					
						5,110.6
					
					
					
					
					
					
					
					
						390.3
					
					
					
					
						1,153.9
					
					
				
				
					
						2023: Dec r 
					
					
						2,249.8
					
					
					
						5,008.7
					
					
					
					
					
					
					
					
						1,082.9
					
					
					
					
						1,656.7
					
					
				
				
					
						2023: June r 
					
					
						2,240.6
					
					
					
						4,940.8
					
					
					
					
					
					
					
					
						867.8
					
					
					
					
						1,466.7
					
					
				
				
					
						      July r 
					
					
						2,240.6
					
					
					
						4,959.8
					
					
					
					
					
					
					
					
						912.3
					
					
					
					
						1,498.9
					
					
				
				
					
						      Aug r 
					
					
						2,241.9
					
					
					
						4,930.7
					
					
					
					
					
					
					
					
						953.0
					
					
					
					
						1,540.0
					
					
				
				
					
						      Sept r 
					
					
						2,241.5
					
					
					
						4,929.1
					
					
					
					
					
					
					
					
						984.6
					
					
					
					
						1,573.6
					
					
				
				
					
						      Oct r 
					
					
						2,243.6
					
					
					
						4,950.7
					
					
					
					
					
					
					
					
						1,014.0
					
					
					
					
						1,606.2
					
					
				
				
					
						      Nov r 
					
					
						2,246.6
					
					
					
						4,949.3
					
					
					
					
					
					
					
					
						1,053.7
					
					
					
					
						1,640.6
					
					
				
				
					
						      Dec r 
					
					
						2,249.8
					
					
					
						5,008.7
					
					
					
					
					
					
					
					
						1,082.9
					
					
					
					
						1,656.7
					
					
				
				
					
						2024: Jan r 
					
					
						2,253.3
					
					
					
						4,959.0
					
					
					
					
					
					
					
					
						1,106.5
					
					
					
					
						1,669.5
					
					
				
				
					
						      Feb r 
					
					
						2,253.2
					
					
					
						4,942.0
					
					
					
					
					
					
					
					
						1,112.6
					
					
					
					
						1,701.1
					
					
				
				
					
						      Mar r 
					
					
						2,256.2
					
					
					
						5,033.7
					
					
					
					
					
					
					
					
						1,117.3
					
					
					
					
						1,728.4
					
					
				
				
					
						      Apr r 
					
					
						2,258.1
					
					
					
						5,159.7
					
					
					
					
					
					
					
					
						1,114.8
					
					
					
					
						1,767.7
					
					
				
				
					
						      May r 
					
					
						2,253.5
					
					
					
						5,148.1
					
					
					
					
					
					
					
					
						1,109.6
					
					
					
					
						1,819.3
					
					
				
				
					
						      June p 
					
					
						2,251.9
					
					
					
						5,192.8
					
					
					
					
					
					
					
					
						1,111.7
					
					
					
					
						1,849.5
					
					
				
				
					
						1 Small-denomination deposits are those issued in amounts of less than $100,000.
					
				
				
					
						2 Institutional money funds are not part of non-M1 M2.
					
				
				
					
						Note: See the H.6 statistical release for additional details on changes.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Bank Credit at All Commercial Banks
					
				
				
					
						[Billions of dollars, seasonally adjusted 1]
					
				
				
					
						Period
					
					
						Totalbankcredit
					
					
						Securities in bank credit 2
					
					
						Loans and leases in bank credit
					
				
				
					
						Totalsecurities
					
					
						U.S.Treasuryandagencysecurities
					
					
						Othersecurities 
					
					
						Totalloansandleases 3
					
					
						Commercialandindustrialloans
					
					
						Real estate loans
					
					
						Consumerloans 5
					
					
						All otherloansandleases 6
					
				
				
					
						Total 4
					
					
						Revolvinghome equityloans
					
					
						Commercialloans
					
				
				
					
						2014: Dec 
					
					
						10,539.5
					
					
						2,932.3
					
					
						2,040.2
					
					
						892.1
					
					
						7,607.2
					
					
						1,773.4
					
					
						3,638.6
					
					
						458.1
					
					
						1,605.5
					
					
						1,186.5
					
					
						1,008.7
					
				
				
					
						2015: Dec 
					
					
						11,342.1
					
					
						3,110.3
					
					
						2,224.4
					
					
						885.9
					
					
						8,231.8
					
					
						1,953.1
					
					
						3,871.2
					
					
						441.1
					
					
						1,781.0
					
					
						1,258.9
					
					
						1,148.7
					
				
				
					
						2016: Dec 
					
					
						12,074.4
					
					
						3,310.8
					
					
						2,409.1
					
					
						901.6
					
					
						8,763.6
					
					
						2,083.9
					
					
						4,114.9
					
					
						406.5
					
					
						1,962.7
					
					
						1,355.9
					
					
						1,208.9
					
				
				
					
						2017: Dec 
					
					
						12,534.4
					
					
						3,432.8
					
					
						2,520.7
					
					
						912.2
					
					
						9,101.5
					
					
						2,103.4
					
					
						4,284.8
					
					
						382.1
					
					
						2,086.1
					
					
						1,427.4
					
					
						1,286.0
					
				
				
					
						2018: Dec 
					
					
						13,062.1
					
					
						3,495.0
					
					
						2,662.6
					
					
						832.4
					
					
						9,567.1
					
					
						2,301.5
					
					
						4,408.8
					
					
						349.6
					
					
						2,182.5
					
					
						1,497.3
					
					
						1,359.4
					
				
				
					
						2019: Dec 
					
					
						13,845.4
					
					
						3,827.6
					
					
						2,997.9
					
					
						829.7
					
					
						10,017.8
					
					
						2,355.4
					
					
						4,608.1
					
					
						321.4
					
					
						2,317.9
					
					
						1,588.6
					
					
						1,465.7
					
				
				
					
						2020: Dec 
					
					
						15,034.8
					
					
						4,699.7
					
					
						3,755.6
					
					
						944.1
					
					
						10,335.1
					
					
						2,590.0
					
					
						4,640.9
					
					
						282.4
					
					
						2,405.1
					
					
						1,522.8
					
					
						1,581.3
					
				
				
					
						2021: Dec 
					
					
						16,402.1
					
					
						5,696.1
					
					
						4,575.5
					
					
						1,120.5
					
					
						10,706.0
					
					
						2,474.1
					
					
						4,789.6
					
					
						249.3
					
					
						2,529.1
					
					
						1,653.3
					
					
						1,789.0
					
				
				
					
						2022: Dec 
					
					
						17,507.9
					
					
						5,524.5
					
					
						4,389.9
					
					
						1,134.7
					
					
						11,983.3
					
					
						2,804.1
					
					
						5,347.0
					
					
						255.8
					
					
						2,869.4
					
					
						1,834.5
					
					
						1,997.7
					
				
				
					
						2023: Dec 
					
					
						17,348.9
					
					
						5,092.1
					
					
						4,071.0
					
					
						1,021.1
					
					
						12,256.8
					
					
						2,761.3
					
					
						5,525.7
					
					
						254.4
					
					
						2,958.3
					
					
						1,897.6
					
					
						2,072.2
					
				
				
					
						2023: June 
					
					
						17,288.0
					
					
						5,184.1
					
					
						4,088.1
					
					
						1,096.0
					
					
						12,103.8
					
					
						2,758.1
					
					
						5,440.3
					
					
						253.7
					
					
						2,915.0
					
					
						1,886.8
					
					
						2,018.5
					
				
				
					
						      July 
					
					
						17,277.8
					
					
						5,160.6
					
					
						4,064.8
					
					
						1,095.7
					
					
						12,117.2
					
					
						2,754.7
					
					
						5,449.0
					
					
						253.3
					
					
						2,922.5
					
					
						1,881.6
					
					
						2,031.9
					
				
				
					
						      Aug 
					
					
						17,280.0
					
					
						5,113.3
					
					
						4,045.5
					
					
						1,067.8
					
					
						12,166.7
					
					
						2,756.5
					
					
						5,478.4
					
					
						253.5
					
					
						2,935.1
					
					
						1,888.8
					
					
						2,043.0
					
				
				
					
						      Sept 
					
					
						17,286.3
					
					
						5,087.1
					
					
						4,053.1
					
					
						1,034.0
					
					
						12,199.2
					
					
						2,759.3
					
					
						5,492.3
					
					
						253.4
					
					
						2,939.0
					
					
						1,895.0
					
					
						2,052.6
					
				
				
					
						      Oct 
					
					
						17,278.7
					
					
						5,039.0
					
					
						4,013.4
					
					
						1,025.5
					
					
						12,239.8
					
					
						2,770.6
					
					
						5,499.5
					
					
						253.8
					
					
						2,945.7
					
					
						1,896.9
					
					
						2,072.9
					
				
				
					
						      Nov 
					
					
						17,273.2
					
					
						5,024.8
					
					
						4,006.9
					
					
						1,018.0
					
					
						12,248.4
					
					
						2,763.6
					
					
						5,512.6
					
					
						254.2
					
					
						2,952.9
					
					
						1,902.1
					
					
						2,070.1
					
				
				
					
						      Dec 
					
					
						17,348.9
					
					
						5,092.1
					
					
						4,071.0
					
					
						1,021.1
					
					
						12,256.8
					
					
						2,761.3
					
					
						5,525.7
					
					
						254.4
					
					
						2,958.3
					
					
						1,897.6
					
					
						2,072.2
					
				
				
					
						2024: Jan 
					
					
						17,390.7
					
					
						5,112.6
					
					
						4,082.2
					
					
						1,030.5
					
					
						12,278.1
					
					
						2,756.0
					
					
						5,547.2
					
					
						254.8
					
					
						2,969.2
					
					
						1,899.0
					
					
						2,076.0
					
				
				
					
						      Feb 
					
					
						17,434.0
					
					
						5,112.4
					
					
						4,086.2
					
					
						1,026.1
					
					
						12,321.7
					
					
						2,763.0
					
					
						5,567.1
					
					
						255.3
					
					
						2,980.8
					
					
						1,907.4
					
					
						2,084.2
					
				
				
					
						      Mar 
					
					
						17,549.6
					
					
						5,208.4
					
					
						4,196.1
					
					
						1,012.3
					
					
						12,341.2
					
					
						2,748.2
					
					
						5,585.4
					
					
						255.5
					
					
						2,993.5
					
					
						1,914.6
					
					
						2,093.0
					
				
				
					
						      Apr r 
					
					
						17,531.5
					
					
						5,160.8
					
					
						4,162.3
					
					
						998.5
					
					
						12,370.7
					
					
						2,752.6
					
					
						5,597.5
					
					
						256.1
					
					
						3,000.7
					
					
						1,912.1
					
					
						2,108.4
					
				
				
					
						      May r 
					
					
						17,569.8
					
					
						5,171.9
					
					
						4,173.8
					
					
						998.0
					
					
						12,398.0
					
					
						2,760.0
					
					
						5,598.1
					
					
						255.8
					
					
						3,001.1
					
					
						1,914.7
					
					
						2,125.1
					
				
				
					
						      June p 
					
					
						17,656.7
					
					
						5,233.6
					
					
						4,240.8
					
					
						992.8
					
					
						12,423.1
					
					
						2,774.4
					
					
						5,593.4
					
					
						255.8
					
					
						2,992.1
					
					
						1,913.9
					
					
						2,141.4
					
				
				
					
						1 Data are prorated averages of Wednesday values for domestically chartered commercial banks, branches and agencies of foreign banks, and Edge Act and agreement corporations. 
					
				
				
					
						2 Includes securities held in trading accounts, held-to-maturity, and available-for-sale. Excludes all non-security trading assets, such as derivatives with a positive fair value or loans held in trading accounts.
					
				
				
					
						3 Excludes unearned income. Includes the allowance for loan and lease losses. Excludes Federal funds sold to, reverse repurchase agreements (RPs) with, and loans to commercial banks in the United States. Includes all loans held in trading accounts under a fair value option.
					
				
				
					
						4 Includes closed-end residential loans, not shown separately.
					
				
				
					
						5 Includes credit cards and other consumer loans.
					
				
				
					
						6 Includes other items, not shown separately.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
			
		
		
		
			
				
				
				
				
				
				
				
			
			
				
					
						Consumer Credit
					
				
				
					
						[Billions of dollars; seasonally adjusted]
					
				
				
					
						Period
					
					
						Consumer credit outstanding (end of period)
					
					
						Net change in consumer credit outstanding 1
					
				
				
					
						Total
					
					
						Revolving
					
					
						Nonrevolving 2
					
					
						Total
					
					
						Revolving
					
					
						Nonrevolving 2
					
				
				
					
						2014: Dec 
					
					
						3,309.5
					
					
						887.4
					
					
						2,422.2
					
					
						219.0
					
					
						33.3
					
					
						185.9
					
				
				
					
						2015: Dec 
					
					
						3,400.2
					
					
						898.1
					
					
						2,502.1
					
					
						90.7
					
					
						10.7
					
					
						79.9
					
				
				
					
						2016: Dec 
					
					
						3,636.4
					
					
						960.1
					
					
						2,676.3
					
					
						236.2
					
					
						62.0
					
					
						174.2
					
				
				
					
						2017: Dec 
					
					
						3,830.8
					
					
						1,016.8
					
					
						2,813.9
					
					
						194.4
					
					
						56.7
					
					
						137.6
					
				
				
					
						2018: Dec 
					
					
						4,007.0
					
					
						1,053.8
					
					
						2,953.2
					
					
						176.2
					
					
						37.0
					
					
						139.3
					
				
				
					
						2019: Dec 
					
					
						4,192.2
					
					
						1,092.0
					
					
						3,100.2
					
					
						185.2
					
					
						38.2
					
					
						147.0
					
				
				
					
						2020: Dec 
					
					
						4,184.9
					
					
						974.6
					
					
						3,210.3
					
					
						â7.3
					
					
						â117.4
					
					
						110.1
					
				
				
					
						2021: Dec 
					
					
						4,548.5
					
					
						1,053.5
					
					
						3,495.0
					
					
						363.6
					
					
						78.9
					
					
						284.7
					
				
				
					
						2022: Dec 
					
					
						4,894.2
					
					
						1,212.6
					
					
						3,681.6
					
					
						345.7
					
					
						159.1
					
					
						186.6
					
				
				
					
						2023: Dec 
					
					
						5,023.7
					
					
						1,318.8
					
					
						3,704.9
					
					
						129.5
					
					
						106.2
					
					
						23.3
					
				
				
					
						2023: May 
					
					
						4,963.0
					
					
						1,260.3
					
					
						3,702.7
					
					
						5.6
					
					
						8.0
					
					
						â2.5
					
				
				
					
						      June 
					
					
						4,986.5
					
					
						1,266.3
					
					
						3,720.2
					
					
						23.5
					
					
						6.0
					
					
						17.5
					
				
				
					
						      July 
					
					
						4,999.0
					
					
						1,275.7
					
					
						3,723.3
					
					
						12.5
					
					
						9.4
					
					
						3.1
					
				
				
					
						      Aug 
					
					
						4,982.7
					
					
						1,288.8
					
					
						3,693.9
					
					
						â16.3
					
					
						13.1
					
					
						â29.4
					
				
				
					
						      Sept 
					
					
						4,991.3
					
					
						1,294.5
					
					
						3,696.8
					
					
						8.6
					
					
						5.7
					
					
						2.9
					
				
				
					
						      Oct 
					
					
						5,000.7
					
					
						1,300.2
					
					
						3,700.6
					
					
						9.4
					
					
						5.7
					
					
						3.8
					
				
				
					
						      Nov 
					
					
						5,019.0
					
					
						1,314.6
					
					
						3,704.4
					
					
						18.3
					
					
						14.4
					
					
						3.8
					
				
				
					
						      Dec 
					
					
						5,023.7
					
					
						1,318.8
					
					
						3,704.9
					
					
						4.7
					
					
						4.2
					
					
						.5
					
				
				
					
						2024: Jan 
					
					
						5,036.5
					
					
						1,325.5
					
					
						3,711.0
					
					
						12.8
					
					
						6.7
					
					
						6.1
					
				
				
					
						      Feb 
					
					
						5,048.1
					
					
						1,337.2
					
					
						3,710.9
					
					
						11.6
					
					
						11.7
					
					
						â.1
					
				
				
					
						      Mar 
					
					
						5,046.9
					
					
						1,339.0
					
					
						3,707.9
					
					
						â1.2
					
					
						1.8
					
					
						â3.0
					
				
				
					
						      Apr 
					
					
						5,053.4
					
					
						1,338.1
					
					
						3,715.2
					
					
						6.5
					
					
						â.9
					
					
						7.3
					
				
				
					
						      May p 
					
					
						5,064.7
					
					
						1,345.1
					
					
						3,719.6
					
					
						11.3
					
					
						7.0
					
					
						4.4
					
				
				
					
						1 Change based on data in billions of dollars as shown here. For year-end data, change from preceding year-end; for monthly data, change from preceding month.
					
				
				
					
						2 Includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations. These loans may be secured or unsecured.
					
				
				
					
						Note: Data include student loans extended by the Federal Government and by SLM Holding Corporation.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business
					
				
				
					
						[Billions of dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Sources
					
					
						Uses
					
					
						Discrepancy(sourceslessuses)
					
				
				
					
						Total
					
					
						Internal 1
					
					
						External (Net increase in liabilities)
					
					
						Total
					
					
						Capitalexpenditures 3
					
					
						Increaseinfinancialassets
					
				
				
					
						Total
					
					
						Funds raised in markets
					
					
						Other 2
					
				
				
					
						Totalnetfundsraised
					
					
						Netnewequityissues
					
					
						Credit market instruments
					
				
				
					
						Total
					
					
						Securitiesandmortgages
					
					
						Loansandshort-term paper
					
				
				
					
						2014 
					
					
						3,221.9
					
					
						1,965.0
					
					
						1,256.9
					
					
						271.2
					
					
						â268.5
					
					
						539.7
					
					
						284.3
					
					
						227.1
					
					
						662.0
					
					
						2,530.0
					
					
						1,843.9
					
					
						686.1
					
					
						526.6
					
				
				
					
						2015 
					
					
						3,373.2
					
					
						1,955.5
					
					
						1,417.7
					
					
						198.4
					
					
						â446.6
					
					
						645.0
					
					
						513.8
					
					
						100.7
					
					
						732.6
					
					
						3,094.3
					
					
						1,951.0
					
					
						1,143.3
					
					
						148.4
					
				
				
					
						2016 
					
					
						3,003.5
					
					
						1,901.4
					
					
						1,102.1
					
					
						â103.3
					
					
						â393.3
					
					
						290.0
					
					
						299.1
					
					
						â33.7
					
					
						814.4
					
					
						2,830.9
					
					
						1,870.7
					
					
						960.2
					
					
						144.2
					
				
				
					
						2017 
					
					
						2,149.4
					
					
						1,835.0
					
					
						314.4
					
					
						126.6
					
					
						â284.6
					
					
						411.1
					
					
						276.7
					
					
						96.6
					
					
						â88.2
					
					
						2,529.8
					
					
						1,951.3
					
					
						578.5
					
					
						â409.9
					
				
				
					
						2018 
					
					
						3,458.5
					
					
						2,148.3
					
					
						1,310.2
					
					
						â199.0
					
					
						â569.5
					
					
						370.5
					
					
						245.2
					
					
						107.6
					
					
						1,012.6
					
					
						2,987.5
					
					
						2,132.2
					
					
						855.3
					
					
						79.1
					
				
				
					
						2019 
					
					
						4,569.1
					
					
						2,257.5
					
					
						2,311.6
					
					
						294.4
					
					
						â341.1
					
					
						635.5
					
					
						448.8
					
					
						150.6
					
					
						1,683.2
					
					
						4,602.0
					
					
						2,197.4
					
					
						2,404.6
					
					
						â145.4
					
				
				
					
						2020 
					
					
						2,488.5
					
					
						2,243.7
					
					
						244.8
					
					
						902.5
					
					
						â133.4
					
					
						1035.9
					
					
						719.3
					
					
						274.1
					
					
						â725.6
					
					
						2,454.3
					
					
						2,021.7
					
					
						432.6
					
					
						115.7
					
				
				
					
						2021 
					
					
						3,523.4
					
					
						2,471.8
					
					
						1,051.6
					
					
						266.3
					
					
						â275.1
					
					
						541.4
					
					
						288.2
					
					
						220.6
					
					
						511.4
					
					
						3,566.2
					
					
						2,231.6
					
					
						1,334.6
					
					
						208.9
					
				
				
					
						2022 
					
					
						5,639.6
					
					
						2,656.0
					
					
						2,983.6
					
					
						75.2
					
					
						â604.6
					
					
						679.8
					
					
						142.2
					
					
						517.5
					
					
						2,234.3
					
					
						5,422.1
					
					
						2,731.6
					
					
						2,690.5
					
					
						â74.1
					
				
				
					
						2023 
					
					
						3,870.7
					
					
						2,997.4
					
					
						873.3
					
					
					
					
						249.3
					
					
						30.6
					
					
						8.5
					
					
						621.2
					
					
						3,395.7
					
					
						2,719.4
					
					
						676.3
					
					
						148.2
					
				
				
					
						2021: I 
					
					
						3,415.3
					
					
						2,418.6
					
					
						996.7
					
					
						469.3
					
					
						â44.9
					
					
						514.2
					
					
						485.3
					
					
						â1.2
					
					
						465.5
					
					
						3,306.3
					
					
						2,120.6
					
					
						1,185.7
					
					
						515.8
					
				
				
					
						      II 
					
					
						3,418.5
					
					
						2,530.5
					
					
						888.0
					
					
						101.7
					
					
						â209.2
					
					
						310.9
					
					
						205.7
					
					
						53.8
					
					
						650.0
					
					
						2,936.5
					
					
						2,066.9
					
					
						869.6
					
					
						792.2
					
				
				
					
						      III 
					
					
						3,050.0
					
					
						2,491.8
					
					
						558.2
					
					
						444.2
					
					
						â237.5
					
					
						681.7
					
					
						431.4
					
					
						240.3
					
					
						â203.1
					
					
						4,595.1
					
					
						2,241.0
					
					
						2,354.1
					
					
						â1,343.6
					
				
				
					
						      IV 
					
					
						4,209.5
					
					
						2,446.0
					
					
						1,763.5
					
					
						50.0
					
					
						â609.0
					
					
						658.9
					
					
						30.0
					
					
						589.3
					
					
						1,132.7
					
					
						3,426.9
					
					
						2,498.1
					
					
						928.8
					
					
						871.3
					
				
				
					
						2022: I 
					
					
						5,623.2
					
					
						2,336.5
					
					
						3,286.7
					
					
						468.4
					
					
						â579.7
					
					
						1,048.1
					
					
						372.0
					
					
						665.1
					
					
						2,195.8
					
					
						5,715.2
					
					
						2,932.1
					
					
						2,783.1
					
					
						â317.0
					
				
				
					
						      II 
					
					
						5,076.6
					
					
						2,557.6
					
					
						2,519.0
					
					
						184.1
					
					
						â746.0
					
					
						930.1
					
					
						â5.2
					
					
						908.1
					
					
						1,540.1
					
					
						5,203.0
					
					
						2,590.7
					
					
						2,612.3
					
					
						â380.3
					
				
				
					
						      III 
					
					
						6,158.4
					
					
						2,882.1
					
					
						3,276.3
					
					
						â43.3
					
					
						â544.8
					
					
						501.5
					
					
						151.3
					
					
						353.1
					
					
						2,654.4
					
					
						5,763.2
					
					
						2,693.9
					
					
						3,069.3
					
					
						144.6
					
				
				
					
						      IV 
					
					
						5,700.4
					
					
						2,848.0
					
					
						2,852.4
					
					
						â308.4
					
					
						â547.8
					
					
						239.5
					
					
						51.2
					
					
						143.5
					
					
						2,546.7
					
					
						5,007.0
					
					
						2,709.6
					
					
						2,297.4
					
					
						256.1
					
				
				
					
						2023: I 
					
					
						3,733.5
					
					
						2,836.5
					
					
						897.0
					
					
						155.2
					
					
						â491.5
					
					
						646.7
					
					
						669.2
					
					
						â72.0
					
					
						277.4
					
					
						2,888.6
					
					
						2,637.2
					
					
						251.4
					
					
						877.2
					
				
				
					
						      II 
					
					
						3,945.6
					
					
						2,929.0
					
					
						1,016.6
					
					
						â162.6
					
					
						â371.1
					
					
						208.5
					
					
						109.4
					
					
						75.0
					
					
						799.1
					
					
						3,577.7
					
					
						2,674.9
					
					
						902.8
					
					
						217.1
					
				
				
					
						      III 
					
					
						4,033.8
					
					
						3,060.5
					
					
						973.3
					
					
					
					
						158.1
					
					
						41.3
					
					
						82.4
					
					
						808.8
					
					
						4,580.7
					
					
						2,771.7
					
					
						1,809.0
					
					
						â722.6
					
				
				
					
						      IV 
					
					
						3,769.6
					
					
						3,163.5
					
					
						606.1
					
					
					
					
						â15.9
					
					
						â9.5
					
					
						â51.3
					
					
						599.0
					
					
						2,535.8
					
					
						2,793.7
					
					
						â257.9
					
					
						221.1
					
				
				
					
						2024: I p 
					
					
						4,721.4
					
					
						3,018.4
					
					
						1,703.0
					
					
					
					
						657.9
					
					
						59.9
					
					
						151.1
					
					
						1,036.3
					
					
						3,859.4
					
					
						2,786.9
					
					
						1,072.5
					
					
						441.4
					
				
				
					
						1 Profits before tax (book) less taxes on corporate income, less net dividends, plus capital consumption allowance (consumption of fixed capital plus capital consumption adjustment), foreign earnings retained abroad, inventory valuation adjustment, and net capital transfers.
					
				
				
					
						2 Includes trade payables, taxes payable, and miscellaneous liabilities (foreign direct investment in the U.S., pension fund contributions payable, and other).
					
				
				
					
						3 Nonresidential fixed investment plus residential fixed investment, inventory change with inventory valuation adjustment, and nonproduced nonfinancial assets.
					
				
				
					
						Source: Board of Governors of the Federal Reserve System.
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Interest Rates and Bond Yields
					
				
				
					
						[Percent per annum]
					
				
				
					
						Period
					
					
						U.S. Treasury security yields
					
					
						High-grademunicipalbonds(Standard& Poorâs) 3
					
					
						CorporateAaabonds(Moodyâs)
					
					
						Discountwindowprimary credit(N.Y. F.R. Bank) 4
					
					
						Primeratechargedbybanks 4
					
					
						Federalfundsrate 5
					
					
						New-homemortgageyields(FHFA) 6
					
				
				
					
						3-month bills(at auction) 1
					
					
						Constant maturities 2
					
				
				
					
						3-year
					
					
						10-year
					
					
						30-year
					
				
				
					
						2014 
					
					
						0.03
					
					
						0.90
					
					
						2.54
					
					
						3.34
					
					
						3.78
					
					
						4.16
					
					
						0.75
					
					
						3.25
					
					
						0.09
					
					
						4.22
					
				
				
					
						2015 
					
					
						.06
					
					
						1.02
					
					
						2.14
					
					
						2.84
					
					
						3.48
					
					
						3.89
					
					
						.76
					
					
						3.26
					
					
						.13
					
					
						4.01
					
				
				
					
						2016 
					
					
						.33
					
					
						1.00
					
					
						1.84
					
					
						2.59
					
					
						3.07
					
					
						3.67
					
					
						1.01
					
					
						3.51
					
					
						.39
					
					
						3.76
					
				
				
					
						2017 
					
					
						.94
					
					
						1.58
					
					
						2.33
					
					
						2.89
					
					
						3.36
					
					
						3.74
					
					
						1.60
					
					
						4.10
					
					
						1.00
					
					
						3.97
					
				
				
					
						2018 
					
					
						1.94
					
					
						2.63
					
					
						2.91
					
					
						3.11
					
					
						3.53
					
					
						3.93
					
					
						2.41
					
					
						4.91
					
					
						1.83
					
					
						4.53
					
				
				
					
						2019 
					
					
						2.08
					
					
						1.94
					
					
						2.14
					
					
						2.58
					
					
						3.38
					
					
						3.39
					
					
						2.78
					
					
						5.28
					
					
						2.16
					
					
				
				
					
						2020 
					
					
						.38
					
					
						.42
					
					
						0.89
					
					
						1.56
					
					
						2.41
					
					
						2.47
					
					
						.64
					
					
						3.54
					
					
						.37
					
					
				
				
					
						2021 
					
					
						.04
					
					
						.46
					
					
						1.45
					
					
						2.06
					
					
						2.00
					
					
						2.70
					
					
						.25
					
					
						3.25
					
					
						.08
					
					
				
				
					
						2022 
					
					
						2.04
					
					
						3.05
					
					
						2.95
					
					
						3.11
					
					
						3.85
					
					
						4.07
					
					
						1.86
					
					
						4.86
					
					
						1.69
					
					
				
				
					
						2023 
					
					
						5.08
					
					
						4.30
					
					
						3.96
					
					
						4.09
					
					
						4.31
					
					
						4.81
					
					
						5.20
					
					
						8.20
					
					
						5.03
					
					
				
				
					
						2023: July 
					
					
						5.25
					
					
						4.47
					
					
						3.90
					
					
						3.96
					
					
						4.19
					
					
						4.66
					
					
						5.50
					
					
						8.50
					
					
						5.12
					
					
				
				
					
						      Aug 
					
					
						5.30
					
					
						4.59
					
					
						4.17
					
					
						4.28
					
					
						4.43
					
					
						4.95
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Sept 
					
					
						5.32
					
					
						4.74
					
					
						4.38
					
					
						4.47
					
					
						4.58
					
					
						5.13
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Oct 
					
					
						5.33
					
					
						4.89
					
					
						4.80
					
					
						4.95
					
					
						4.99
					
					
						5.61
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Nov 
					
					
						5.29
					
					
						4.64
					
					
						4.50
					
					
						4.66
					
					
						4.62
					
					
						5.28
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Dec 
					
					
						5.26
					
					
						4.19
					
					
						4.02
					
					
						4.14
					
					
						4.09
					
					
						4.74
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						2024: Jan 
					
					
						5.23
					
					
						4.11
					
					
						4.06
					
					
						4.26
					
					
						4.24
					
					
						4.87
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Feb 
					
					
						5.23
					
					
						4.33
					
					
						4.21
					
					
						4.38
					
					
						4.16
					
					
						5.03
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Mar 
					
					
						5.24
					
					
						4.38
					
					
						4.21
					
					
						4.36
					
					
						4.17
					
					
						5.01
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Apr 
					
					
						5.24
					
					
						4.71
					
					
						4.54
					
					
						4.66
					
					
						4.36
					
					
						5.28
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      May 
					
					
						5.25
					
					
						4.66
					
					
						4.48
					
					
						4.62
					
					
						4.28
					
					
						5.25
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      June 
					
					
						5.25
					
					
						4.50
					
					
						4.31
					
					
						4.44
					
					
						4.21
					
					
						5.13
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      July 
					
					
						5.21
					
					
						4.29
					
					
						4.25
					
					
						4.46
					
					
						4.21
					
					
						5.12
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						Week ended:
					
					
					
					
					
					
					
					
					
					
					
				
				
					
						2024: July  6 
					
					
						5.24
					
					
						4.50
					
					
						4.39
					
					
						4.56
					
					
						4.29
					
					
						5.22
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						          13 
					
					
						5.23
					
					
						4.33
					
					
						4.25
					
					
						4.44
					
					
						4.22
					
					
						5.09
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						          20 
					
					
						5.20
					
					
						4.23
					
					
						4.20
					
					
						4.41
					
					
						4.18
					
					
						5.05
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						          27 
					
					
						5.19
					
					
						4.25
					
					
						4.25
					
					
						4.49
					
					
						4.22
					
					
						5.16
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						      Aug 3 
					
					
						5.15
					
					
						4.02
					
					
						4.04
					
					
						4.31
					
					
						4.20
					
					
						5.02
					
					
						5.50
					
					
						8.50
					
					
						5.33
					
					
				
				
					
						1 High bill rate at auction, issue date within period, bank-discount basis. Data are stop yields from uniform-price auctions.
					
				
				
					
						2 Yields on actively traded issues adjusted to constant maturities.
					
				
				
					
						3 Weekly data are Wednesday figures.
					
				
				
					
						4 Average effective rate for year; rate in effect at end of month or week.
					
				
				
					
						5 Beginning March 1, 2016, the daily effective federal funds rate is a volume-weighted median of transaction-level data collected from depository institutions in the Report of Selected Money Market Rates (FR 2420). Prior to that date, the daily effective rate was a volume-weighted mean of rates on brokered trades.
					
				
				
					
						6 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and assumed, on the average, repayment at end of 10 years.
					
				
				
					
						Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Agency, Moodyâs Investors Service, Bloomberg, and Standard & Poorâs.
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Common Stock Prices and Yields
					
				
				
					
				
				
					
						Period
					
					
						Common stock prices 1
					
					
						Common stock yields(percent) 6
					
				
				
					
						New York Stock Exchange indexes(December 31, 2002=5,000) 2
					
					
						Dow Jonesindustrialaverage 3
					
					
						Standard& Poorâscompositeindex(1941â43=10) 4
					
					
						Nasdaqcompositeindex(Feb. 5, 1971=100) 5
					
					
						Dividend/priceratio
					
					
						Earnings/priceratio
					
				
				
					
						Composite
					
					
						Financial
					
					
						Energy
					
					
						HealthCare
					
				
				
					
						2014 
					
					
						10,653.17
					
					
						6,448.33
					
					
						14,598.07
					
					
						11,195.85
					
					
						16,773.99
					
					
						1,930.67
					
					
						4,374.31
					
					
						1.94
					
					
						5.25
					
				
				
					
						2015 
					
					
						10,676.70
					
					
						6,559.24
					
					
						11,332.43
					
					
						12,718.18
					
					
						17,590.61
					
					
						2,061.20
					
					
						4,943.49
					
					
						2.05
					
					
						4.59
					
				
				
					
						2016 
					
					
						10,380.08
					
					
						6,124.93
					
					
						10,204.95
					
					
						12,182.85
					
					
						17,908.08
					
					
						2,092.39
					
					
						4,982.49
					
					
						2.18
					
					
						4.17
					
				
				
					
						2017 
					
					
						11,843.74
					
					
						7,509.81
					
					
						10,699.23
					
					
						13,366.56
					
					
						21,741.91
					
					
						2,448.22
					
					
						6,231.28
					
					
						1.97
					
					
						4.22
					
				
				
					
						2018 
					
					
						12,647.54
					
					
						7,963.02
					
					
						11,440.86
					
					
						15,054.70
					
					
						25,045.75
					
					
						2,744.68
					
					
						7,419.27
					
					
						1.90
					
					
						4.66
					
				
				
					
						2019 
					
					
						12,864.17
					
					
						7,982.51
					
					
						10,016.30
					
					
						16,162.10
					
					
						26,378.41
					
					
						2,912.50
					
					
						7,936.85
					
					
						1.93
					
					
						4.53
					
				
				
					
						2020 
					
					
						12,634.01
					
					
						7,230.70
					
					
						6,528.64
					
					
						18,045.78
					
					
						26,906.89
					
					
						3,218.50
					
					
						10,192.67
					
					
						1.89
					
					
						3.28
					
				
				
					
						2021 
					
					
						16,243.57
					
					
						9,716.03
					
					
						8,385.44
					
					
						21,801.65
					
					
						34,009.89
					
					
						4,266.80
					
					
						14,358.18
					
					
						1.38
					
					
						3.79
					
				
				
					
						2022 
					
					
						15,463.89
					
					
						9,067.21
					
					
						12,005.37
					
					
						22,796.83
					
					
						32,911.74
					
					
						4,100.70
					
					
						12,242.17
					
					
						1.57
					
					
						4.79
					
				
				
					
						2023 
					
					
						15,675.01
					
					
						8,906.24
					
					
						12,997.48
					
					
						23,108.19
					
					
						34,140.79
					
					
						4,284.25
					
					
						12,965.43
					
					
						1.62
					
					
						4.17
					
				
				
					
						2023: July 
					
					
						16,105.00
					
					
						9,143.63
					
					
						12,780.36
					
					
						23,288.69
					
					
						34,777.20
					
					
						4,508.08
					
					
						14,033.09
					
					
						1.54
					
					
				
				
					
						      Aug 
					
					
						15,980.95
					
					
						9,008.09
					
					
						13,296.51
					
					
						23,719.17
					
					
						34,880.66
					
					
						4,457.36
					
					
						13,743.21
					
					
						1.55
					
					
				
				
					
						      Sept 
					
					
						15,786.03
					
					
						8,921.06
					
					
						13,876.55
					
					
						23,446.19
					
					
						34,318.89
					
					
						4,409.10
					
					
						13,585.84
					
					
						1.57
					
					
						4.30
					
				
				
					
						      Oct 
					
					
						15,149.39
					
					
						8,482.12
					
					
						13,599.60
					
					
						22,900.07
					
					
						33,319.49
					
					
						4,269.40
					
					
						13,199.43
					
					
						1.62
					
					
				
				
					
						      Nov 
					
					
						15,647.28
					
					
						8,892.03
					
					
						13,237.16
					
					
						22,960.21
					
					
						34,704.50
					
					
						4,460.06
					
					
						13,913.16
					
					
						1.56
					
					
				
				
					
						      Dec 
					
					
						16,524.90
					
					
						9,636.28
					
					
						13,132.05
					
					
						23,733.83
					
					
						36,947.93
					
					
						4,685.05
					
					
						14,690.47
					
					
						1.50
					
					
						4.03
					
				
				
					
						2024: Jan 
					
					
						16,801.41
					
					
						9,826.31
					
					
						13,056.94
					
					
						24,765.24
					
					
						37,763.95
					
					
						4,804.49
					
					
						15,081.39
					
					
					
				
				
					
						      Feb 
					
					
						17,341.69
					
					
						10,042.51
					
					
						13,166.32
					
					
						25,897.55
					
					
						38,720.52
					
					
						5,011.96
					
					
						15,808.94
					
					
					
				
				
					
						      Mar 
					
					
						17,968.70
					
					
						10,452.77
					
					
						13,828.47
					
					
						26,306.39
					
					
						39,105.52
					
					
						5,170.57
					
					
						16,216.30
					
					
					
						3.64
					
				
				
					
						      Apr 
					
					
						17,802.53
					
					
						10,343.33
					
					
						14,682.86
					
					
						25,429.81
					
					
						38,401.22
					
					
						5,112.49
					
					
						15,950.86
					
					
					
				
				
					
						      May 
					
					
						18,070.13
					
					
						10,568.92
					
					
						14,406.83
					
					
						25,903.58
					
					
						39,129.39
					
					
						5,235.23
					
					
						16,532.16
					
					
					
				
				
					
						      June 
					
					
						17,991.12
					
					
						10,526.12
					
					
						13,883.82
					
					
						26,420.29
					
					
						38,903.73
					
					
						5,415.14
					
					
						17,495.89
					
					
					
				
				
					
						      July 
					
					
						18,384.38
					
					
						10,965.84
					
					
						14,109.09
					
					
						26,575.02
					
					
						40,086.03
					
					
						5,538.00
					
					
						17,963.29
					
					
					
				
				
					
						Week ended:
					
					
					
					
					
					
					
					
					
					
				
				
					
						2024: July  6 
					
					
						18,043.94
					
					
						10,663.56
					
					
						14,127.50
					
					
						26,158.37
					
					
						39,296.31
					
					
						5,522.08
					
					
						18,112.28
					
					
					
				
				
					
						          13 
					
					
						18,247.46
					
					
						10,793.56
					
					
						13,981.85
					
					
						26,437.06
					
					
						39,622.55
					
					
						5,596.73
					
					
						18,432.47
					
					
					
				
				
					
						          20 
					
					
						18,587.72
					
					
						11,120.76
					
					
						14,270.59
					
					
						26,691.02
					
					
						40,663.37
					
					
						5,587.26
					
					
						18,115.40
					
					
					
				
				
					
						          27 
					
					
						18,454.97
					
					
						11,078.56
					
					
						14,040.27
					
					
						26,716.94
					
					
						40,230.36
					
					
						5,481.12
					
					
						17,577.39
					
					
					
				
				
					
						      Aug 3 
					
					
						18,497.09
					
					
						11,098.47
					
					
						14,002.60
					
					
						27,015.73
					
					
						40,442.26
					
					
						5,443.10
					
					
						17,217.47
					
					
					
				
				
					
						1 Annual data are averages of monthly figures. Monthly and weekly data are averages of daily closing prices.
					
				
				
					
						2 Includes all the stocks (in 2023, over 2,270) listed on the NYSE.
					
				
				
					
						3 Includes 30 stocks.
					
				
				
					
						4 Includes 500 stocks.
					
				
				
					
						5 Includes over 3,400 stocks in 2023.
					
				
				
					
						6 Dividend/price ratios based on end of period closing prices. Earnings/price ratios based on prices at end of quarter.
					
				
				
					
						Sources: New York Stock Exchange, Dow Jones & Company, Inc., Standard & Poorâs, Nasdaq Stock Market, and Bloomberg.
					
				
			
		
		
		Federal Finance.
		
			
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Federal Receipts, Outlays, and Debt
					
				
				
					
						[Billions of dollars]
					
				
				
					
						Fiscal year or period
					
					
						Total
					
					
						On-budget
					
					
						Off-budget
					
					
						Federal debt(end of period)
					
				
				
					
						Receipts
					
					
						Outlays
					
					
						Surplusordeficit(â)
					
					
						Receipts
					
					
						Outlays
					
					
						Surplusordeficit(â)
					
					
						Receipts
					
					
						Outlays
					
					
						Surplusordeficit(â)
					
					
						GrossFederal
					
					
						Held bythe public
					
				
				
					
						2006 
					
					
						2,406.9
					
					
						2,655.1
					
					
						â248.2
					
					
						1,798.5
					
					
						2,233.0
					
					
						â434.5
					
					
						608.4
					
					
						422.1
					
					
						186.3
					
					
						8,451.4
					
					
						4,829.0
					
				
				
					
						2007 
					
					
						2,568.0
					
					
						2,728.7
					
					
						â160.7
					
					
						1,932.9
					
					
						2,275.0
					
					
						â342.2
					
					
						635.1
					
					
						453.6
					
					
						181.5
					
					
						8,950.7
					
					
						5,035.1
					
				
				
					
						2008 
					
					
						2,524.0
					
					
						2,982.5
					
					
						â458.6
					
					
						1,865.9
					
					
						2,507.8
					
					
						â641.8
					
					
						658.0
					
					
						474.8
					
					
						183.3
					
					
						9,986.1
					
					
						5,803.1
					
				
				
					
						2009 
					
					
						2,105.0
					
					
						3,517.7
					
					
						â1,412.7
					
					
						1,451.0
					
					
						3,000.7
					
					
						â1,549.7
					
					
						654.0
					
					
						517.0
					
					
						137.0
					
					
						11,875.9
					
					
						7,544.7
					
				
				
					
						2010 
					
					
						2,162.7
					
					
						3,457.1
					
					
						â1,294.4
					
					
						1,531.0
					
					
						2,902.4
					
					
						â1,371.4
					
					
						631.7
					
					
						554.7
					
					
						77.0
					
					
						13,528.8
					
					
						9,018.9
					
				
				
					
						2011 
					
					
						2,303.5
					
					
						3,603.1
					
					
						â1,299.6
					
					
						1,737.7
					
					
						3,104.5
					
					
						â1,366.8
					
					
						565.8
					
					
						498.6
					
					
						67.2
					
					
						14,764.2
					
					
						10,128.2
					
				
				
					
						2012 
					
					
						2,450.0
					
					
						3,526.6
					
					
						â1,076.6
					
					
						1,880.5
					
					
						3,019.0
					
					
						â1,138.5
					
					
						569.5
					
					
						507.6
					
					
						61.9
					
					
						16,050.9
					
					
						11,281.1
					
				
				
					
						2013 
					
					
						2,775.1
					
					
						3,454.9
					
					
						â679.8
					
					
						2,101.8
					
					
						2,821.1
					
					
						â719.2
					
					
						673.3
					
					
						633.8
					
					
						39.5
					
					
						16,719.4
					
					
						11,982.7
					
				
				
					
						2014 
					
					
						3,021.5
					
					
						3,506.3
					
					
						â484.8
					
					
						2,285.9
					
					
						2,800.2
					
					
						â514.3
					
					
						735.6
					
					
						706.1
					
					
						29.5
					
					
						17,794.5
					
					
						12,779.9
					
				
				
					
						2015 
					
					
						3,249.9
					
					
						3,691.9
					
					
						â442.0
					
					
						2,479.5
					
					
						2,948.8
					
					
						â469.3
					
					
						770.4
					
					
						743.1
					
					
						27.3
					
					
						18,120.1
					
					
						13,116.7
					
				
				
					
						2016 
					
					
						3,268.0
					
					
						3,852.6
					
					
						â584.7
					
					
						2,457.8
					
					
						3,077.9
					
					
						â620.2
					
					
						810.2
					
					
						774.7
					
					
						35.5
					
					
						19,539.5
					
					
						14,167.6
					
				
				
					
						2017 
					
					
						3,316.2
					
					
						3,981.6
					
					
						â665.5
					
					
						2,465.6
					
					
						3,180.4
					
					
						â714.9
					
					
						850.6
					
					
						801.2
					
					
						49.4
					
					
						20,205.7
					
					
						14,665.4
					
				
				
					
						2018 
					
					
						3,329.9
					
					
						4,109.0
					
					
						â779.1
					
					
						2,475.2
					
					
						3,260.4
					
					
						â785.2
					
					
						854.7
					
					
						848.6
					
					
						6.2
					
					
						21,462.3
					
					
						15,749.6
					
				
				
					
						2019 
					
					
						3,463.4
					
					
						4,447.0
					
					
						â983.6
					
					
						2,549.1
					
					
						3,540.3
					
					
						â991.3
					
					
						914.3
					
					
						906.6
					
					
						7.7
					
					
						22,669.5
					
					
						16,800.7
					
				
				
					
						2020 
					
					
						3,421.2
					
					
						6,553.6
					
					
						â3,132.5
					
					
						2,455.7
					
					
						5,598.0
					
					
						â3,142.3
					
					
						965.4
					
					
						955.6
					
					
						9.8
					
					
						26,902.5
					
					
						21,016.7
					
				
				
					
						2021 
					
					
						4,047.1
					
					
						6,822.5
					
					
						â2,775.4
					
					
						3,094.8
					
					
						5,818.6
					
					
						â2,723.8
					
					
						952.3
					
					
						1,003.8
					
					
						â51.5
					
					
						28,385.6
					
					
						22,284.0
					
				
				
					
						2022 
					
					
						4,897.3
					
					
						6,273.3
					
					
						â1,375.9
					
					
						3,831.4
					
					
						5,192.1
					
					
						â1,360.7
					
					
						1,066.0
					
					
						1,081.2
					
					
						â15.2
					
					
						30,838.6
					
					
						24,253.4
					
				
				
					
						2023 
					
					
						4,440.9
					
					
						6,134.7
					
					
						â1,693.7
					
					
						3,247.2
					
					
						4,913.6
					
					
						â1,666.4
					
					
						1,193.8
					
					
						1,221.1
					
					
						â27.3
					
					
						32,989.0
					
					
						26,235.6
					
				
				
					
						2024 (estimates) r 
					
					
						5,001.1
					
					
						6,874.6
					
					
						â1,873.5
					
					
						3,742.0
					
					
						5,559.0
					
					
						â1,817.0
					
					
						1,259.1
					
					
						1,315.6
					
					
						â56.5
					
					
						35,166.2
					
					
						28,201.3
					
				
				
					
						2025 (estimates) r 
					
					
						5,561.6
					
					
						7,439.3
					
					
						â1,877.6
					
					
						4,255.3
					
					
						6,035.5
					
					
						â1,780.2
					
					
						1,306.4
					
					
						1,403.8
					
					
						â97.4
					
					
						37,271.7
					
					
						30,102.4
					
				
				
					
						Cumulative total, first 9 months: 1
					
					
					
					
					
					
					
					
					
					
					
					
				
				
					
						Fiscal year 2023 
					
					
						3,412.5
					
					
						4,805.5
					
					
						â1,393.0
					
					
						2,493.4
					
					
						3,913.7
					
					
						â1,420.3
					
					
						919.1
					
					
						891.8
					
					
						27.3
					
					
						32,165.2
					
					
						25,383.1
					
				
				
					
						Fiscal year 2024 
					
					
						3,754.2
					
					
						5,022.5
					
					
						â1,268.3
					
					
						2,791.8
					
					
						4,057.5
					
					
						â1,265.7
					
					
						962.4
					
					
						965.0
					
					
						â2.5
					
					
						34,591.3
					
					
						27,499.9
					
				
				
					
						1 Data from current issue Monthly Treasury Statement.
					
				
				
					
						Note: Data for fiscal year 2024 and fiscal year 2025 are from Mid-Session Review, Budget of the U.S. Government, Fiscal Year 2025, issued July 19, 2024.  Other data (except as noted) are from Budget of the United States Government, Fiscal Year 2025, issued March 11, 2024.
					
				
				
					
						Sources: Department of the Treasury and Office of Management and Budget.
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Federal Receipts by Source and Outlays by Function
					
				
				
					
						[Billions of dollars]
					
				
				
					
						Fiscal year or period
					
					
						On-budget and off-budget receipts
					
					
						On-budget and off-budget outlays
					
				
				
					
						Total
					
					
						Individualincome taxes
					
					
						Corporationincome taxes
					
					
						Social insuranceandretirement receipts
					
					
						Other
					
					
						Total
					
					
						National defense
					
					
						Internationalaffairs
					
					
						Health
					
					
						Medicare
					
					
						Income security
					
					
						Social security
					
					
						Netinterest
					
					
						Other
					
				
				
					
						Total
					
					
						DepartmentofDefense, military
					
				
				
					
						2006 
					
					
						2,406.9
					
					
						1,043.9
					
					
						353.9
					
					
						837.8
					
					
						171.2
					
					
						2,655.1
					
					
						521.8
					
					
						499.3
					
					
						29.5
					
					
						252.8
					
					
						329.9
					
					
						352.4
					
					
						548.5
					
					
						226.6
					
					
						393.5
					
				
				
					
						2007 
					
					
						2,568.0
					
					
						1,163.5
					
					
						370.2
					
					
						869.6
					
					
						164.7
					
					
						2,728.7
					
					
						551.3
					
					
						528.5
					
					
						28.5
					
					
						266.4
					
					
						375.4
					
					
						365.9
					
					
						586.2
					
					
						237.1
					
					
						317.9
					
				
				
					
						2008 
					
					
						2,524.0
					
					
						1,145.7
					
					
						304.3
					
					
						900.2
					
					
						173.7
					
					
						2,982.5
					
					
						616.1
					
					
						594.6
					
					
						28.9
					
					
						280.6
					
					
						390.8
					
					
						431.2
					
					
						617.0
					
					
						252.8
					
					
						365.2
					
				
				
					
						2009 
					
					
						2,105.0
					
					
						915.3
					
					
						138.2
					
					
						890.9
					
					
						160.5
					
					
						3,517.7
					
					
						661.0
					
					
						636.7
					
					
						37.5
					
					
						334.4
					
					
						430.1
					
					
						533.1
					
					
						683.0
					
					
						186.9
					
					
						651.7
					
				
				
					
						2010 
					
					
						2,162.7
					
					
						898.5
					
					
						191.4
					
					
						864.8
					
					
						207.9
					
					
						3,457.1
					
					
						693.5
					
					
						666.7
					
					
						45.2
					
					
						369.1
					
					
						451.6
					
					
						622.1
					
					
						706.7
					
					
						196.2
					
					
						372.6
					
				
				
					
						2011 
					
					
						2,303.5
					
					
						1,091.5
					
					
						181.1
					
					
						818.8
					
					
						212.1
					
					
						3,603.1
					
					
						705.6
					
					
						678.1
					
					
						45.7
					
					
						372.5
					
					
						485.7
					
					
						597.3
					
					
						730.8
					
					
						230.0
					
					
						435.7
					
				
				
					
						2012 
					
					
						2,450.0
					
					
						1,132.2
					
					
						242.3
					
					
						845.3
					
					
						230.2
					
					
						3,526.6
					
					
						677.9
					
					
						650.9
					
					
						36.8
					
					
						346.8
					
					
						471.8
					
					
						541.2
					
					
						773.3
					
					
						220.4
					
					
						458.4
					
				
				
					
						2013 
					
					
						2,775.1
					
					
						1,316.4
					
					
						273.5
					
					
						947.8
					
					
						237.4
					
					
						3,454.9
					
					
						633.4
					
					
						607.8
					
					
						46.5
					
					
						358.3
					
					
						497.8
					
					
						536.4
					
					
						813.6
					
					
						220.9
					
					
						348.0
					
				
				
					
						2014 
					
					
						3,021.5
					
					
						1,394.6
					
					
						320.7
					
					
						1,023.5
					
					
						282.7
					
					
						3,506.3
					
					
						603.5
					
					
						577.9
					
					
						46.9
					
					
						409.5
					
					
						511.7
					
					
						513.6
					
					
						850.5
					
					
						229.0
					
					
						341.7
					
				
				
					
						2015 
					
					
						3,249.9
					
					
						1,540.8
					
					
						343.8
					
					
						1,065.3
					
					
						300.0
					
					
						3,691.9
					
					
						589.7
					
					
						562.5
					
					
						52.0
					
					
						482.3
					
					
						546.2
					
					
						508.8
					
					
						887.8
					
					
						223.2
					
					
						402.0
					
				
				
					
						2016 
					
					
						3,268.0
					
					
						1,546.1
					
					
						299.6
					
					
						1,115.1
					
					
						307.3
					
					
						3,852.6
					
					
						593.4
					
					
						565.4
					
					
						45.3
					
					
						511.3
					
					
						594.5
					
					
						514.1
					
					
						916.1
					
					
						240.0
					
					
						437.9
					
				
				
					
						2017 
					
					
						3,316.2
					
					
						1,587.1
					
					
						297.0
					
					
						1,161.9
					
					
						270.1
					
					
						3,981.6
					
					
						598.7
					
					
						568.9
					
					
						46.3
					
					
						533.2
					
					
						597.3
					
					
						503.4
					
					
						944.9
					
					
						262.6
					
					
						495.3
					
				
				
					
						2018 
					
					
						3,329.9
					
					
						1,683.5
					
					
						204.7
					
					
						1,170.7
					
					
						270.9
					
					
						4,109.0
					
					
						631.3
					
					
						600.8
					
					
						48.9
					
					
						551.2
					
					
						588.7
					
					
						495.3
					
					
						987.8
					
					
						325.0
					
					
						480.9
					
				
				
					
						2019 
					
					
						3,463.4
					
					
						1,717.9
					
					
						230.2
					
					
						1,243.1
					
					
						272.1
					
					
						4,447.0
					
					
						685.7
					
					
						653.7
					
					
						53.0
					
					
						584.8
					
					
						651.0
					
					
						514.8
					
					
						1,044.4
					
					
						375.2
					
					
						538.0
					
				
				
					
						2020 
					
					
						3,421.2
					
					
						1,608.7
					
					
						211.8
					
					
						1,310.0
					
					
						290.7
					
					
						6,553.6
					
					
						724.6
					
					
						690.4
					
					
						67.7
					
					
						747.6
					
					
						776.2
					
					
						1,263.6
					
					
						1,095.8
					
					
						345.5
					
					
						1,532.6
					
				
				
					
						2021 
					
					
						4,047.1
					
					
						2,044.4
					
					
						371.8
					
					
						1,314.1
					
					
						316.8
					
					
						6,822.5
					
					
						753.9
					
					
						717.6
					
					
						47.0
					
					
						796.5
					
					
						696.5
					
					
						1,647.7
					
					
						1,134.6
					
					
						352.3
					
					
						1,394.1
					
				
				
					
						2022 
					
					
						4,897.3
					
					
						2,632.1
					
					
						424.9
					
					
						1,483.5
					
					
						356.8
					
					
						6,273.3
					
					
						765.6
					
					
						726.5
					
					
						71.9
					
					
						914.1
					
					
						755.1
					
					
						866.1
					
					
						1,218.7
					
					
						475.9
					
					
						1,205.9
					
				
				
					
						2023 
					
					
						4,440.9
					
					
						2,176.5
					
					
						419.6
					
					
						1,614.5
					
					
						230.4
					
					
						6,134.7
					
					
						820.3
					
					
						775.9
					
					
						69.3
					
					
						888.6
					
					
						847.5
					
					
						774.7
					
					
						1,354.3
					
					
						658.3
					
					
						721.8
					
				
				
					
						2024 (estimates) r 
					
					
						5,001.1
					
					
						2,417.4
					
					
						609.5
					
					
						1,736.7
					
					
						237.5
					
					
						6,874.6
					
					
						864.3
					
					
						819.0
					
					
						80.6
					
					
						925.1
					
					
						858.6
					
					
						701.2
					
					
						1,460.5
					
					
						897.3
					
					
						1,087.1
					
				
				
					
						2025 (estimates) r 
					
					
						5,561.6
					
					
						2,686.3
					
					
						702.5
					
					
						1,919.6
					
					
						253.2
					
					
						7,439.3
					
					
						930.8
					
					
						881.2
					
					
						83.1
					
					
						967.3
					
					
						963.4
					
					
						927.0
					
					
						1,558.5
					
					
						984.3
					
					
						1,024.9
					
				
				
					
						Cumulative total, first 9 months: 1
					
					
					
					
					
					
					
					
					
					
					
					
					
					
					
					
				
				
					
						Fiscal year 2023 
					
					
						3,412.5
					
					
						1,693.5
					
					
						305.9
					
					
						1,243.6
					
					
						169.4
					
					
						4,805.5
					
					
						609.8
					
					
						576.4
					
					
						53.2
					
					
						673.5
					
					
						635.5
					
					
						622.6
					
					
						1,006.8
					
					
						494.2
					
					
						710.0
					
				
				
					
						Fiscal year 2024 
					
					
						3,754.2
					
					
						1,885.8
					
					
						392.7
					
					
						1,308.5
					
					
						167.2
					
					
						5,022.5
					
					
						643.5
					
					
						608.6
					
					
						42.1
					
					
						670.2
					
					
						628.9
					
					
						507.5
					
					
						1,089.4
					
					
						682.4
					
					
						758.5
					
				
				
					
						1 Data from current issue Monthly Treasury Statement.  Data for Department of Defense, military, include a small amount that is classified and listed under international affairs, and not included in national defense.
					
				
				
					
						Note: Data for fiscal year 2024 and fiscal year 2025 are from Mid-Session Review, Budget of the U.S. Government, Fiscal Year 2024, issued July 19, 2024.  Other data (except as noted) are from Budget of the United States Government, Fiscal Year 2025, issued March 11, 2024.
					
				
				
					
						Sources: Department of the Treasury and Office of Management and Budget.
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						Federal Sector, National Income Accounts Basis
					
				
				
					
						[Billions of dollars; quarterly data at seasonally adjusted annual rates]
					
				
				
					
						Period
					
					
						Federal Government current receipts
					
					
						Federal Government current expenditures
					
					
						NetFederalGovernmentsaving
					
				
				
					
						Total
					
					
						Current tax receipts
					
					
						Contributionsforgovernmentsocialinsurance
					
					
						Incomereceiptsonassets
					
					
						Currenttransferreceipts
					
					
						Currentsurplus ofgovernmententerprises
					
					
						Total
					
					
						Consumptionexpenditures
					
					
						Currenttransferpayments 2
					
					
						Interestpayments
					
					
						Subsidies
					
				
				
					
						Total 1
					
					
						Personalcurrenttaxes
					
					
						Taxesonproductionandimports
					
					
						Taxesoncorporateincome
					
				
				
					
						Calendar year:
					
					
					
					
					
					
					
					
					
					
					
					
					
					
					
					
				
				
					
						2014 
					
					
						3,294.4
					
					
						1,900.5
					
					
						1,403.7
					
					
						136.7
					
					
						339.6
					
					
						1,140.1
					
					
						172.7
					
					
						85.8
					
					
						â4.6
					
					
						3,888.4
					
					
						950.3
					
					
						2,441.5
					
					
						439.1
					
					
						57.6
					
					
						â594.0
					
				
				
					
						2015 
					
					
						3,448.4
					
					
						2,025.7
					
					
						1,532.6
					
					
						141.9
					
					
						329.1
					
					
						1,190.8
					
					
						161.2
					
					
						71.6
					
					
						â.9
					
					
						4,005.8
					
					
						951.7
					
					
						2,568.1
					
					
						429.3
					
					
						56.7
					
					
						â557.4
					
				
				
					
						2016 
					
					
						3,460.7
					
					
						2,021.1
					
					
						1,547.9
					
					
						137.3
					
					
						311.9
					
					
						1,224.4
					
					
						140.7
					
					
						73.8
					
					
						.7
					
					
						4,128.0
					
					
						962.3
					
					
						2,650.1
					
					
						454.3
					
					
						61.2
					
					
						â667.3
					
				
				
					
						2017 
					
					
						3,503.7
					
					
						1,999.8
					
					
						1,613.1
					
					
						131.4
					
					
						230.3
					
					
						1,284.3
					
					
						138.9
					
					
						77.6
					
					
						3.1
					
					
						4,240.5
					
					
						978.5
					
					
						2,726.0
					
					
						476.7
					
					
						59.3
					
					
						â736.8
					
				
				
					
						2018 
					
					
						3,583.1
					
					
						2,028.4
					
					
						1,614.3
					
					
						163.5
					
					
						225.0
					
					
						1,346.6
					
					
						121.7
					
					
						83.0
					
					
						3.3
					
					
						4,489.5
					
					
						1,034.4
					
					
						2,851.7
					
					
						540.6
					
					
						62.7
					
					
						â906.4
					
				
				
					
						2019 
					
					
						3,704.2
					
					
						2,113.2
					
					
						1,701.3
					
					
						174.9
					
					
						210.5
					
					
						1,409.3
					
					
						110.0
					
					
						70.4
					
					
						1.3
					
					
						4,748.6
					
					
						1,089.7
					
					
						3,009.1
					
					
						577.4
					
					
						72.4
					
					
						â1,044.4
					
				
				
					
						2020 
					
					
						3,775.2
					
					
						2,158.2
					
					
						1,753.5
					
					
						155.3
					
					
						221.8
					
					
						1,434.6
					
					
						118.6
					
					
						58.5
					
					
						5.3
					
					
						6,669.6
					
					
						1,158.6
					
					
						4,333.4
					
					
						521.4
					
					
						656.2
					
					
						â2,894.4
					
				
				
					
						2021 
					
					
						4,388.6
					
					
						2,638.9
					
					
						2,149.3
					
					
						178.6
					
					
						279.9
					
					
						1,541.1
					
					
						139.9
					
					
						60.4
					
					
						8.4
					
					
						7,128.6
					
					
						1,216.4
					
					
						4,858.0
					
					
						574.6
					
					
						479.6
					
					
						â2,739.9
					
				
				
					
						2022 
					
					
						4,976.3
					
					
						3,102.3
					
					
						2,505.4
					
					
						194.2
					
					
						368.9
					
					
						1,685.0
					
					
						114.8
					
					
						66.7
					
					
						7.6
					
					
						6,038.5
					
					
						1,229.0
					
					
						3,957.0
					
					
						725.7
					
					
						126.8
					
					
						â1,062.2
					
				
				
					
						2023 
					
					
						4,720.1
					
					
						2,804.1
					
					
						2,186.1
					
					
						173.4
					
					
						409.9
					
					
						1,786.9
					
					
						48.9
					
					
						72.3
					
					
						7.8
					
					
						6,384.3
					
					
						1,329.1
					
					
						4,007.1
					
					
						947.6
					
					
						100.4
					
					
						â1,664.2
					
				
				
					
						2022: I 
					
					
						4,954.1
					
					
						3,071.6
					
					
						2,506.9
					
					
						200.9
					
					
						329.8
					
					
						1,645.9
					
					
						170.5
					
					
						58.1
					
					
						8.0
					
					
						5,928.4
					
					
						1,206.3
					
					
						3,935.2
					
					
						635.6
					
					
						151.4
					
					
						â974.4
					
				
				
					
						      II 
					
					
						5,025.0
					
					
						3,128.4
					
					
						2,502.6
					
					
						202.8
					
					
						388.8
					
					
						1,667.8
					
					
						149.3
					
					
						71.9
					
					
						7.6
					
					
						5,985.5
					
					
						1,209.4
					
					
						3,962.8
					
					
						683.8
					
					
						129.5
					
					
						â960.5
					
				
				
					
						      III 
					
					
						4,991.7
					
					
						3,131.1
					
					
						2,521.9
					
					
						192.2
					
					
						383.6
					
					
						1,709.6
					
					
						82.9
					
					
						60.7
					
					
						7.4
					
					
						6,064.4
					
					
						1,232.4
					
					
						3,960.5
					
					
						753.8
					
					
						117.7
					
					
						â1,072.7
					
				
				
					
						      IV 
					
					
						4,934.5
					
					
						3,077.9
					
					
						2,490.1
					
					
						180.9
					
					
						373.6
					
					
						1,716.7
					
					
						56.5
					
					
						75.9
					
					
						7.5
					
					
						6,175.7
					
					
						1,267.9
					
					
						3,969.6
					
					
						829.6
					
					
						108.6
					
					
						â1,241.2
					
				
				
					
						2023: I 
					
					
						4,651.1
					
					
						2,781.1
					
					
						2,181.0
					
					
						177.0
					
					
						388.6
					
					
						1,758.5
					
					
						43.0
					
					
						60.6
					
					
						7.8
					
					
						6,324.8
					
					
						1,303.0
					
					
						4,047.3
					
					
						873.8
					
					
						100.7
					
					
						â1,673.7
					
				
				
					
						      II 
					
					
						4,680.6
					
					
						2,788.7
					
					
						2,175.1
					
					
						175.4
					
					
						403.3
					
					
						1,778.7
					
					
						41.9
					
					
						63.3
					
					
						8.0
					
					
						6,346.3
					
					
						1,307.2
					
					
						4,030.4
					
					
						909.6
					
					
						99.2
					
					
						â1,665.7
					
				
				
					
						      III 
					
					
						4,736.3
					
					
						2,812.7
					
					
						2,188.7
					
					
						171.6
					
					
						418.0
					
					
						1,801.4
					
					
						47.3
					
					
						67.1
					
					
						7.8
					
					
						6,400.4
					
					
						1,346.3
					
					
						3,970.5
					
					
						981.3
					
					
						102.4
					
					
						â1,664.1
					
				
				
					
						      IV 
					
					
						4,812.3
					
					
						2,834.1
					
					
						2,199.8
					
					
						169.6
					
					
						429.4
					
					
						1,808.9
					
					
						63.5
					
					
						98.2
					
					
						7.6
					
					
						6,465.6
					
					
						1,360.1
					
					
						3,980.5
					
					
						1,025.8
					
					
						99.3
					
					
						â1,653.3
					
				
				
					
						2024: I 
					
					
						5,019.7
					
					
						3,026.0
					
					
						2,364.7
					
					
						171.5
					
					
						453.8
					
					
						1,845.3
					
					
						64.5
					
					
						75.7
					
					
						8.1
					
					
						6,599.2
					
					
						1,375.8
					
					
						4,067.7
					
					
						1,059.2
					
					
						96.5
					
					
						â1,579.5
					
				
				
					
						      II p 
					
					
					
					
						2,406.8
					
					
						166.7
					
					
					
						1,865.5
					
					
						69.4
					
					
						66.2
					
					
						6.9
					
					
						6,684.2
					
					
						1,387.6
					
					
						4,113.5
					
					
						1,089.1
					
					
						94.0
					
					
				
				
					
						1 Includes taxes from the rest of the world, not shown separately.
					
				
				
					
						2 Includes Federal grants-in-aid to State and local governments, not shown separately.
					
				
				
					
						Source: Department of Commerce (Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						 Industrial Production and Consumer PricesâMajor Industrial Countries
					
				
				
					
				
				
					
						Period
					
					
						Industrial production (2017=100; seasonally adjusted)
					
					
						Consumer prices (1982â84=100; NSA)
					
				
				
					
						United States
					
					
						Canada
					
					
						Japan
					
					
						France
					
					
						Germany
					
					
						Italy
					
					
						United Kingdom
					
					
						United States 1
					
					
						Canada
					
					
						Japan
					
					
						France
					
					
						Germany
					
					
						Italy
					
					
						United Kingdom
					
				
				
					
						2014 
					
					
						102.3
					
					
						97.0
					
					
						98.1
					
					
						96.0
					
					
						95.4
					
					
						93.4
					
					
						95.1
					
					
						236.736
					
					
						216.4
					
					
						121.1
					
					
						197.2
					
					
						176.6
					
					
						307.9
					
					
						300.8
					
				
				
					
						2015 
					
					
						100.9
					
					
						96.6
					
					
						97.1
					
					
						97.3
					
					
						96.2
					
					
						94.5
					
					
						99.6
					
					
						237.017
					
					
						218.8
					
					
						122.1
					
					
						197.3
					
					
						177.6
					
					
						308.0
					
					
						303.8
					
				
				
					
						2016 
					
					
						98.7
					
					
						96.4
					
					
						97.2
					
					
						97.7
					
					
						96.9
					
					
						96.4
					
					
						99.6
					
					
						240.007
					
					
						222.0
					
					
						121.9
					
					
						197.7
					
					
						178.4
					
					
						307.7
					
					
						309.1
					
				
				
					
						2017 
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						100.0
					
					
						245.120
					
					
						225.5
					
					
						122.5
					
					
						199.7
					
					
						181.1
					
					
						311.5
					
					
						320.1
					
				
				
					
						2018 
					
					
						103.2
					
					
						103.4
					
					
						100.6
					
					
						100.7
					
					
						101.0
					
					
						100.9
					
					
						103.1
					
					
						251.107
					
					
						230.6
					
					
						123.7
					
					
						203.4
					
					
						184.3
					
					
						315.0
					
					
						330.8
					
				
				
					
						2019 
					
					
						102.4
					
					
						103.3
					
					
						98.2
					
					
						101.3
					
					
						97.7
					
					
						99.7
					
					
						104.9
					
					
						255.657
					
					
						235.1
					
					
						124.3
					
					
						205.7
					
					
						186.9
					
					
						317.0
					
					
						339.3
					
				
				
					
						2020 
					
					
						95.1
					
					
						95.3
					
					
						87.5
					
					
						90.3
					
					
						88.3
					
					
						88.7
					
					
						107.3
					
					
						258.811
					
					
						236.8
					
					
						124.3
					
					
						206.7
					
					
						187.9
					
					
						316.5
					
					
						344.4
					
				
				
					
						2021 
					
					
						99.3
					
					
						100.0
					
					
						92.6
					
					
						95.1
					
					
						92.4
					
					
						99.1
					
					
						103.2
					
					
						270.970
					
					
						244.8
					
					
						124.0
					
					
						210.0
					
					
						193.7
					
					
						322.5
					
					
						358.3
					
				
				
					
						2022 
					
					
						102.7
					
					
						103.9
					
					
						92.6
					
					
						95.1
					
					
						92.1
					
					
						99.5
					
					
						99.6
					
					
						292.655
					
					
						261.5
					
					
						127.1
					
					
						221.0
					
					
						207.0
					
					
						348.9
					
					
						399.9
					
				
				
					
						2023 
					
					
						102.9
					
					
						103.8
					
					
						91.3
					
					
						95.6
					
					
						90.3
					
					
						97.4
					
					
						99.2
					
					
						304.702
					
					
						271.6
					
					
						131.2
					
					
						231.8
					
					
						219.3
					
					
						368.5
					
					
						438.6
					
				
				
					
						2023: May r 
					
					
						103.0
					
					
						103.5
					
					
						91.4
					
					
						96.7
					
					
						92.2
					
					
						97.6
					
					
						98.5
					
					
						304.127
					
					
						271.5
					
					
						130.6
					
					
						231.7
					
					
						218.9
					
					
						368.8
					
					
						440.9
					
				
				
					
						      June r 
					
					
						102.4
					
					
						104.0
					
					
						92.2
					
					
						96.0
					
					
						90.4
					
					
						97.7
					
					
						101.1
					
					
						305.109
					
					
						271.8
					
					
						130.8
					
					
						232.2
					
					
						219.5
					
					
						368.8
					
					
						442.2
					
				
				
					
						      July r 
					
					
						103.1
					
					
						103.7
					
					
						90.9
					
					
						95.7
					
					
						89.4
					
					
						96.9
					
					
						100.1
					
					
						305.691
					
					
						273.4
					
					
						131.4
					
					
						232.3
					
					
						220.0
					
					
						368.8
					
					
						439.6
					
				
				
					
						      Aug r 
					
					
						103.1
					
					
						103.5
					
					
						90.5
					
					
						96.1
					
					
						89.2
					
					
						97.0
					
					
						99.7
					
					
						307.026
					
					
						274.4
					
					
						131.6
					
					
						234.6
					
					
						220.8
					
					
						370.0
					
					
						442.5
					
				
				
					
						      Sept r 
					
					
						103.3
					
					
						103.0
					
					
						90.6
					
					
						95.9
					
					
						88.5
					
					
						97.2
					
					
						99.4
					
					
						307.789
					
					
						274.1
					
					
						132.0
					
					
						233.4
					
					
						221.3
					
					
						370.7
					
					
						444.6
					
				
				
					
						      Oct r 
					
					
						102.6
					
					
						103.1
					
					
						91.7
					
					
						95.4
					
					
						88.3
					
					
						97.1
					
					
						98.1
					
					
						307.671
					
					
						274.2
					
					
						133.1
					
					
						233.7
					
					
						221.3
					
					
						370.0
					
					
						443.9
					
				
				
					
						      Nov r 
					
					
						102.9
					
					
						104.5
					
					
						91.1
					
					
						96.0
					
					
						88.6
					
					
						95.8
					
					
						98.6
					
					
						307.051
					
					
						274.6
					
					
						132.9
					
					
						233.3
					
					
						220.4
					
					
						368.2
					
					
						443.3
					
				
				
					
						      Dec r 
					
					
						102.6
					
					
						104.0
					
					
						92.2
					
					
						96.3
					
					
						86.7
					
					
						96.9
					
					
						99.2
					
					
						306.746
					
					
						273.7
					
					
						132.7
					
					
						233.6
					
					
						220.6
					
					
						368.8
					
					
						445.3
					
				
				
					
						2024: Jan r 
					
					
						101.5
					
					
						103.4
					
					
						86.0
					
					
						95.0
					
					
						87.6
					
					
						95.5
					
					
						98.5
					
					
						308.417
					
					
						273.7
					
					
						132.9
					
					
						233.2
					
					
						221.0
					
					
						370.0
					
					
						444.1
					
				
				
					
						      Feb r 
					
					
						102.6
					
					
						103.5
					
					
						85.5
					
					
						95.4
					
					
						88.2
					
					
						95.4
					
					
						99.4
					
					
						310.326
					
					
						274.6
					
					
						132.9
					
					
						235.2
					
					
						221.9
					
					
						370.4
					
					
						447.6
					
				
				
					
						      Mar r 
					
					
						102.4
					
					
						103.1
					
					
						89.3
					
					
						95.3
					
					
						87.9
					
					
						95.0
					
					
						99.7
					
					
						312.332
					
					
						276.3
					
					
						133.2
					
					
						235.7
					
					
						222.8
					
					
						370.4
					
					
						450.0
					
				
				
					
						      Apr r 
					
					
						102.4
					
					
						103.9
					
					
						88.5
					
					
						95.8
					
					
						88.3
					
					
						94.0
					
					
						98.7
					
					
						313.548
					
					
						277.7
					
					
						133.9
					
					
						236.9
					
					
						224.0
					
					
						370.7
					
					
						452.3
					
				
				
					
						      May p 
					
					
						103.3
					
					
						104.3
					
					
						91.7
					
					
						93.8
					
					
						86.2
					
					
						94.5
					
					
						98.9
					
					
						314.069
					
					
						279.2
					
					
						134.4
					
					
						237.0
					
					
						224.2
					
					
						371.6
					
					
						454.0
					
				
				
					
						      June p 
					
					
						104.0
					
					
					
						88.3
					
					
						94.5
					
					
					
						95.0
					
					
					
						314.175
					
					
						279.1
					
					
						134.5
					
					
						237.2
					
					
						224.3
					
					
						371.9
					
					
						455.0
					
				
				
					
						      July p 
					
					
					
					
					
					
					
					
					
					
					
					
						237.5
					
					
						225.1
					
					
						373.7
					
					
				
				
					
						1 Data relate to all urban consumers.
					
				
				
					
						Note: See Note, p. 17, for information on U.S. industrial production series.
					
				
				
					
						Sources: As reported by each country, Board of Governors of the Federal Reserve System, and Department of Labor (Bureau of Labor Statistics).
					
				
			
		
		International Statistics
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						U.S. International Trade in Goods and Services
					
				
				
					
						[Billions of dollars; monthly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Goods: Exports (f.a.s. value)
					
					
						Goods: Imports (customs value)
					
					
						Services(BOP basis)
					
					
						Balance of trade(exports minus imports)
					
				
				
					
						BOPbasis
					
					
						Census basis (by end-use category)
					
					
						BOPbasis
					
					
						Census basis (by end-use category)
					
					
						Exports
					
					
						Imports
					
					
						Goods,Censusbasis
					
					
						BOP basis
					
				
				
					
						Total,Censusbasis 1
					
					
						Foods,feeds,andbeverages
					
					
						Industrial suppliesandmaterials
					
					
						Capitalgoodsexcept automotive
					
					
						Automotive vehicles, parts and engines
					
					
						Consumer goods (nonfood) except automotive
					
					
						Total,Censusbasis 1
					
					
						Foods,feeds,andbeverages
					
					
						Industrial suppliesandmaterials
					
					
						Capitalgoodsexcept automotive
					
					
						Automotive vehicles, parts and engines
					
					
						Consumer goods (nonfood) except automotive
					
					
						Goods
					
					
						Services
					
					
						Goodsandservices
					
				
				
					
						2014 
					
					
						1,635.6
					
					
						1,621.9
					
					
						143.7
					
					
						505.8
					
					
						551.5
					
					
						159.8
					
					
						199.0
					
					
						2,385.5
					
					
						2,356.4
					
					
						125.9
					
					
						667.0
					
					
						594.1
					
					
						328.6
					
					
						557.1
					
					
						757.1
					
					
						491.1
					
					
						â734.5
					
					
						â749.9
					
					
						266.0
					
					
						â484.0
					
				
				
					
						2015 
					
					
						1,511.4
					
					
						1,503.3
					
					
						127.7
					
					
						427.0
					
					
						539.5
					
					
						151.9
					
					
						197.7
					
					
						2,273.2
					
					
						2,248.8
					
					
						127.8
					
					
						486.0
					
					
						602.5
					
					
						349.2
					
					
						594.2
					
					
						769.4
					
					
						498.3
					
					
						â745.5
					
					
						â761.9
					
					
						271.1
					
					
						â490.8
					
				
				
					
						2016 
					
					
						1,457.4
					
					
						1,451.5
					
					
						130.5
					
					
						397.3
					
					
						519.7
					
					
						150.4
					
					
						193.7
					
					
						2,207.2
					
					
						2,186.8
					
					
						130.0
					
					
						443.3
					
					
						589.7
					
					
						349.9
					
					
						583.1
					
					
						783.4
					
					
						513.1
					
					
						â735.3
					
					
						â749.8
					
					
						270.3
					
					
						â479.5
					
				
				
					
						2017 
					
					
						1,557.0
					
					
						1,547.2
					
					
						132.8
					
					
						465.2
					
					
						533.4
					
					
						157.9
					
					
						197.7
					
					
						2,356.3
					
					
						2,339.6
					
					
						137.8
					
					
						507.0
					
					
						639.8
					
					
						358.2
					
					
						601.4
					
					
						837.5
					
					
						555.1
					
					
						â792.4
					
					
						â799.3
					
					
						282.4
					
					
						â516.9
					
				
				
					
						2018 
					
					
						1,676.9
					
					
						1,665.8
					
					
						133.1
					
					
						541.2
					
					
						563.2
					
					
						158.8
					
					
						206.0
					
					
						2,555.7
					
					
						2,536.1
					
					
						147.3
					
					
						574.6
					
					
						690.9
					
					
						371.1
					
					
						645.4
					
					
						865.5
					
					
						565.4
					
					
						â870.4
					
					
						â878.7
					
					
						300.2
					
					
						â578.6
					
				
				
					
						2019 
					
					
						1,655.1
					
					
						1,645.9
					
					
						131.0
					
					
						529.5
					
					
						550.5
					
					
						163.1
					
					
						205.6
					
					
						2,512.4
					
					
						2,491.7
					
					
						150.5
					
					
						520.6
					
					
						674.8
					
					
						374.5
					
					
						653.0
					
					
						891.2
					
					
						593.3
					
					
						â845.8
					
					
						â857.3
					
					
						297.9
					
					
						â559.4
					
				
				
					
						2020 
					
					
						1,433.9
					
					
						1,430.0
					
					
						139.3
					
					
						466.5
					
					
						463.2
					
					
						129.4
					
					
						175.0
					
					
						2,346.7
					
					
						2,331.5
					
					
						154.3
					
					
						478.7
					
					
						643.4
					
					
						309.2
					
					
						639.6
					
					
						726.3
					
					
						467.1
					
					
						â901.5
					
					
						â912.9
					
					
						259.2
					
					
						â653.7
					
				
				
					
						2021 
					
					
						1,765.9
					
					
						1,757.7
					
					
						164.5
					
					
						637.4
					
					
						521.3
					
					
						146.4
					
					
						222.3
					
					
						2,849.0
					
					
						2,828.5
					
					
						182.1
					
					
						649.1
					
					
						760.0
					
					
						345.5
					
					
						767.3
					
					
						804.9
					
					
						569.8
					
					
						â1,070.8
					
					
						â1,083.2
					
					
						235.1
					
					
						â848.1
					
				
				
					
						2022 
					
					
						2,090.3
					
					
						2,066.5
					
					
						179.9
					
					
						829.4
					
					
						572.9
					
					
						163.0
					
					
						245.1
					
					
						3,270.3
					
					
						3,239.9
					
					
						208.3
					
					
						809.7
					
					
						864.5
					
					
						397.9
					
					
						838.2
					
					
						949.1
					
					
						713.9
					
					
						â1,173.4
					
					
						â1,179.9
					
					
						235.2
					
					
						â944.8
					
				
				
					
						2023 
					
					
						2,045.2
					
					
						2,018.1
					
					
						161.9
					
					
						729.7
					
					
						602.2
					
					
						180.0
					
					
						259.5
					
					
						3,108.5
					
					
						3,080.2
					
					
						200.2
					
					
						675.4
					
					
						859.1
					
					
						458.2
					
					
						757.7
					
					
						1,026.6
					
					
						748.2
					
					
						â1,062.1
					
					
						â1,063.3
					
					
						278.4
					
					
						â784.9
					
				
				
					
						2023: June 
					
					
						165.4
					
					
						163.0
					
					
						12.5
					
					
						57.1
					
					
						49.9
					
					
						15.2
					
					
						21.2
					
					
						253.8
					
					
						251.7
					
					
						16.4
					
					
						54.0
					
					
						70.2
					
					
						38.6
					
					
						61.9
					
					
						85.7
					
					
						62.1
					
					
						â88.7
					
					
						â88.4
					
					
						23.6
					
					
						â64.8
					
				
				
					
						      July 
					
					
						168.4
					
					
						165.6
					
					
						12.6
					
					
						58.7
					
					
						50.0
					
					
						16.2
					
					
						21.2
					
					
						256.8
					
					
						254.7
					
					
						16.8
					
					
						52.5
					
					
						71.7
					
					
						39.0
					
					
						63.7
					
					
						85.5
					
					
						61.7
					
					
						â89.1
					
					
						â88.4
					
					
						23.8
					
					
						â64.6
					
				
				
					
						      Aug 
					
					
						172.5
					
					
						170.1
					
					
						12.8
					
					
						61.6
					
					
						51.1
					
					
						15.4
					
					
						22.2
					
					
						256.2
					
					
						253.8
					
					
						16.7
					
					
						54.9
					
					
						70.7
					
					
						38.5
					
					
						62.3
					
					
						86.0
					
					
						61.9
					
					
						â83.7
					
					
						â83.7
					
					
						24.1
					
					
						â59.6
					
				
				
					
						      Sept 
					
					
						175.0
					
					
						172.3
					
					
						13.4
					
					
						61.9
					
					
						51.3
					
					
						15.7
					
					
						22.2
					
					
						260.8
					
					
						258.4
					
					
						16.7
					
					
						55.9
					
					
						71.5
					
					
						40.0
					
					
						63.5
					
					
						86.6
					
					
						63.1
					
					
						â86.1
					
					
						â85.7
					
					
						23.5
					
					
						â62.2
					
				
				
					
						      Oct 
					
					
						173.4
					
					
						171.2
					
					
						13.5
					
					
						63.1
					
					
						51.2
					
					
						15.1
					
					
						20.9
					
					
						261.2
					
					
						258.8
					
					
						16.7
					
					
						55.2
					
					
						72.8
					
					
						39.5
					
					
						63.8
					
					
						87.4
					
					
						63.9
					
					
						â87.6
					
					
						â87.8
					
					
						23.5
					
					
						â64.3
					
				
				
					
						      Nov 
					
					
						168.8
					
					
						166.2
					
					
						13.6
					
					
						59.2
					
					
						51.3
					
					
						14.6
					
					
						20.5
					
					
						257.2
					
					
						254.8
					
					
						16.8
					
					
						54.6
					
					
						72.0
					
					
						39.6
					
					
						60.9
					
					
						87.7
					
					
						64.1
					
					
						â88.6
					
					
						â88.3
					
					
						23.6
					
					
						â64.8
					
				
				
					
						      Dec 
					
					
						171.6
					
					
						170.2
					
					
						13.9
					
					
						62.2
					
					
						51.1
					
					
						14.2
					
					
						21.4
					
					
						260.1
					
					
						257.7
					
					
						16.7
					
					
						55.7
					
					
						72.0
					
					
						39.4
					
					
						63.1
					
					
						88.3
					
					
						64.7
					
					
						â87.6
					
					
						â88.4
					
					
						23.5
					
					
						â64.9
					
				
				
					
						2024: Jan 
					
					
						170.2
					
					
						168.9
					
					
						13.6
					
					
						60.6
					
					
						51.4
					
					
						14.9
					
					
						21.4
					
					
						261.4
					
					
						258.7
					
					
						16.8
					
					
						54.6
					
					
						74.5
					
					
						40.4
					
					
						61.9
					
					
						89.1
					
					
						64.9
					
					
						â89.8
					
					
						â91.2
					
					
						24.3
					
					
						â66.9
					
				
				
					
						      Feb 
					
					
						175.4
					
					
						174.1
					
					
						14.8
					
					
						64.0
					
					
						52.8
					
					
						14.1
					
					
						21.2
					
					
						268.6
					
					
						265.9
					
					
						18.1
					
					
						54.9
					
					
						75.3
					
					
						42.0
					
					
						64.5
					
					
						90.8
					
					
						66.6
					
					
						â91.8
					
					
						â93.2
					
					
						24.2
					
					
						â69.0
					
				
				
					
						      Mar 
					
					
						170.5
					
					
						169.1
					
					
						13.7
					
					
						62.1
					
					
						50.8
					
					
						14.2
					
					
						21.0
					
					
						263.8
					
					
						261.3
					
					
						17.6
					
					
						54.0
					
					
						75.7
					
					
						37.7
					
					
						65.9
					
					
						91.1
					
					
						66.4
					
					
						â92.2
					
					
						â93.3
					
					
						24.8
					
					
						â68.6
					
				
				
					
						      Apr 
					
					
						172.5
					
					
						171.1
					
					
						12.9
					
					
						60.8
					
					
						52.7
					
					
						14.9
					
					
						22.2
					
					
						271.8
					
					
						269.3
					
					
						17.5
					
					
						55.3
					
					
						78.1
					
					
						41.7
					
					
						65.7
					
					
						90.9
					
					
						66.1
					
					
						â98.2
					
					
						â99.3
					
					
						24.8
					
					
						â74.5
					
				
				
					
						      May r 
					
					
						169.9
					
					
						168.3
					
					
						12.7
					
					
						58.8
					
					
						52.3
					
					
						14.4
					
					
						22.5
					
					
						269.7
					
					
						267.4
					
					
						17.5
					
					
						56.7
					
					
						77.9
					
					
						40.2
					
					
						63.7
					
					
						92.1
					
					
						67.3
					
					
						â99.1
					
					
						â99.8
					
					
						24.8
					
					
						â75.0
					
				
				
					
						      June p 
					
					
						174.2
					
					
						172.9
					
					
						13.3
					
					
						60.2
					
					
						54.2
					
					
						15.1
					
					
						22.6
					
					
						271.6
					
					
						269.5
					
					
						17.2
					
					
						54.8
					
					
						80.2
					
					
						40.0
					
					
						66.0
					
					
						91.7
					
					
						67.5
					
					
						â96.6
					
					
						â97.4
					
					
						24.2
					
					
						â73.1
					
				
				
					
						1 Total includes ââotherââ exports or imports, not shown separately.
					
				
				
					
						Note: BOP refers to balance of payments on international transactions basis. BOP data shown here are consistent with figures shown on pp. 36 and 37.
					
				
				
					
						Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis).
					
				
				
					
				
			
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						U.S. International Transactions
					
				
				
					
						[Millions of dollars; quarterly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Current Account 1
					
					
						Current account balanceas apercentage of GDP
					
				
				
					
						Goods 2
					
					
						Services
					
					
						Balanceongoodsandservices
					
					
						Primary income receipts and payments
					
					
						BalanceonsecondaryIncome 3
					
					
						Balanceoncurrentaccount
					
				
				
					
						Exports
					
					
						Imports
					
					
						Balanceongoods
					
					
						Exports
					
					
						Imports
					
					
						Balanceonservices
					
					
						Receipts
					
					
						Payments
					
					
						Balanceonprimary income
					
				
				
					
						2014 
					
					
						1,635,563
					
					
						2,385,480
					
					
						â749,917
					
					
						757,051
					
					
						491,086
					
					
						265,965
					
					
						â483,952
					
					
						845,858
					
					
						645,623
					
					
						200,235
					
					
						â86,339
					
					
						â370,056
					
					
						â2.1
					
				
				
					
						2015 
					
					
						1,511,381
					
					
						2,273,249
					
					
						â761,868
					
					
						769,397
					
					
						498,305
					
					
						271,092
					
					
						â490,776
					
					
						824,929
					
					
						639,724
					
					
						185,205
					
					
						â102,882
					
					
						â408,453
					
					
						â2.2
					
				
				
					
						2016 
					
					
						1,457,393
					
					
						2,207,195
					
					
						â749,801
					
					
						783,431
					
					
						513,088
					
					
						270,343
					
					
						â479,458
					
					
						857,240
					
					
						660,798
					
					
						196,442
					
					
						â113,199
					
					
						â396,216
					
					
						â2.1
					
				
				
					
						2017 
					
					
						1,557,003
					
					
						2,356,345
					
					
						â799,343
					
					
						837,474
					
					
						555,070
					
					
						282,404
					
					
						â516,939
					
					
						995,442
					
					
						737,501
					
					
						257,942
					
					
						â108,618
					
					
						â367,616
					
					
						â1.9
					
				
				
					
						2018 
					
					
						1,676,913
					
					
						2,555,662
					
					
						â878,749
					
					
						865,549
					
					
						565,395
					
					
						300,155
					
					
						â578,594
					
					
						1,102,964
					
					
						847,689
					
					
						255,275
					
					
						â116,530
					
					
						â439,849
					
					
						â2.1
					
				
				
					
						2019 
					
					
						1,655,098
					
					
						2,512,358
					
					
						â857,260
					
					
						891,177
					
					
						593,313
					
					
						297,865
					
					
						â559,395
					
					
						1,139,310
					
					
						891,911
					
					
						247,400
					
					
						â129,756
					
					
						â441,751
					
					
						â2.1
					
				
				
					
						2020 
					
					
						1,433,852
					
					
						2,346,727
					
					
						â912,875
					
					
						726,296
					
					
						467,111
					
					
						259,185
					
					
						â653,691
					
					
						954,005
					
					
						776,288
					
					
						177,717
					
					
						â125,227
					
					
						â601,201
					
					
						â2.8
					
				
				
					
						2021 
					
					
						1,765,853
					
					
						2,849,043
					
					
						â1,083,190
					
					
						804,948
					
					
						569,829
					
					
						235,120
					
					
						â848,070
					
					
						1,048,567
					
					
						929,509
					
					
						119,058
					
					
						â138,968
					
					
						â867,980
					
					
						â3.7
					
				
				
					
						2022 
					
					
						2,090,339
					
					
						3,270,281
					
					
						â1,179,941
					
					
						949,065
					
					
						713,886
					
					
						235,179
					
					
						â944,762
					
					
						1,184,423
					
					
						1,068,464
					
					
						115,959
					
					
						â183,295
					
					
						â1,012,098
					
					
						â3.9
					
				
				
					
						2023 
					
					
						2,045,221
					
					
						3,108,509
					
					
						â1,063,288
					
					
						1,026,596
					
					
						748,198
					
					
						278,398
					
					
						â784,890
					
					
						1,376,721
					
					
						1,309,692
					
					
						67,029
					
					
						â187,515
					
					
						â905,376
					
					
						â3.3
					
				
				
					
						2021: I 
					
					
						411,870
					
					
						672,346
					
					
						â260,476
					
					
						189,042
					
					
						123,849
					
					
						65,193
					
					
						â195,283
					
					
						254,021
					
					
						216,575
					
					
						37,446
					
					
						â31,666
					
					
						â189,504
					
					
						â3.4
					
				
				
					
						      II 
					
					
						434,365
					
					
						701,135
					
					
						â266,769
					
					
						196,006
					
					
						133,875
					
					
						62,131
					
					
						â204,639
					
					
						255,188
					
					
						231,097
					
					
						24,092
					
					
						â30,688
					
					
						â211,235
					
					
						â3.6
					
				
				
					
						      III 
					
					
						441,784
					
					
						713,466
					
					
						â271,682
					
					
						203,524
					
					
						152,103
					
					
						51,421
					
					
						â220,261
					
					
						266,642
					
					
						241,179
					
					
						25,463
					
					
						â40,196
					
					
						â234,993
					
					
						â3.9
					
				
				
					
						      IV 
					
					
						477,833
					
					
						762,096
					
					
						â284,263
					
					
						216,377
					
					
						160,001
					
					
						56,375
					
					
						â227,887
					
					
						272,716
					
					
						240,658
					
					
						32,058
					
					
						â36,418
					
					
						â232,248
					
					
						â3.8
					
				
				
					
						2022: I 
					
					
						489,628
					
					
						821,627
					
					
						â331,999
					
					
						224,073
					
					
						166,624
					
					
						57,450
					
					
						â274,549
					
					
						273,035
					
					
						251,980
					
					
						21,055
					
					
						â38,325
					
					
						â291,819
					
					
						â4.7
					
				
				
					
						      II 
					
					
						536,202
					
					
						845,281
					
					
						â309,079
					
					
						236,736
					
					
						178,503
					
					
						58,233
					
					
						â250,846
					
					
						289,846
					
					
						257,941
					
					
						31,905
					
					
						â44,158
					
					
						â263,099
					
					
						â4.1
					
				
				
					
						      III 
					
					
						546,427
					
					
						812,460
					
					
						â266,033
					
					
						239,704
					
					
						184,449
					
					
						55,255
					
					
						â210,778
					
					
						305,686
					
					
						269,864
					
					
						35,822
					
					
						â55,573
					
					
						â230,529
					
					
						â3.5
					
				
				
					
						      IV 
					
					
						518,082
					
					
						790,913
					
					
						â272,831
					
					
						248,552
					
					
						184,310
					
					
						64,242
					
					
						â208,589
					
					
						315,857
					
					
						288,679
					
					
						27,177
					
					
						â45,239
					
					
						â226,651
					
					
						â3.4
					
				
				
					
						2023: I 
					
					
						518,316
					
					
						785,166
					
					
						â266,851
					
					
						249,316
					
					
						183,267
					
					
						66,049
					
					
						â200,801
					
					
						328,098
					
					
						311,356
					
					
						16,742
					
					
						â46,271
					
					
						â230,330
					
					
						â3.4
					
				
				
					
						      II 
					
					
						497,038
					
					
						771,030
					
					
						â273,992
					
					
						255,875
					
					
						185,511
					
					
						70,364
					
					
						â203,628
					
					
						338,467
					
					
						320,540
					
					
						17,926
					
					
						â46,901
					
					
						â232,603
					
					
						â3.4
					
				
				
					
						      III 
					
					
						515,998
					
					
						773,827
					
					
						â257,829
					
					
						258,072
					
					
						186,703
					
					
						71,369
					
					
						â186,461
					
					
						355,262
					
					
						338,382
					
					
						16,880
					
					
						â51,078
					
					
						â220,659
					
					
						â3.2
					
				
				
					
						      IV 
					
					
						513,869
					
					
						778,485
					
					
						â264,616
					
					
						263,332
					
					
						192,717
					
					
						70,616
					
					
						â194,001
					
					
						354,894
					
					
						339,413
					
					
						15,481
					
					
						â43,264
					
					
						â221,784
					
					
						â3.2
					
				
				
					
						2024: I p 
					
					
						516,144
					
					
						793,871
					
					
						â277,727
					
					
						271,034
					
					
						197,824
					
					
						73,210
					
					
						â204,516
					
					
						364,615
					
					
						352,287
					
					
						12,327
					
					
						â45,456
					
					
						â237,645
					
					
						â3.4
					
				
				
					
						1 Current and capital account statistics in the international transactions accounts differ slightly from statistics in the National Income and Product Accounts (NIPAs) because of adjustments made to convert the international statistics to national accounting concepts.  A reconciliation can be found in NIPA table 4.3B.
					
				
				
					
						2 Adjusted from Census data to align with concepts and definitions used to prepare the international and national economic accounts. The adjustments are necessary to supplement coverage of Census data, to eliminate duplication of transactions recorded elsewhere in the international accounts, to value transactions according to a standard definition, and for earlier years, to record transactions in the appropriate period. 
					
				
				
					
						3 Includes U.S. government and private transfers, such as U.S. government grants and pensions, fines and penalties, withholding taxes, personal transfers, insurance-related transfers, and other current transfers.
					
				
				
					
						See p. 37 for continuation of table.
					
				
			
		
		
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
				
					
						U.S. International TransactionsâContinued
					
				
				
					
						[Millions of dollars; quarterly data seasonally adjusted]
					
				
				
					
						Period
					
					
						Balanceoncapitalaccount 1
					
					
						Financial account
					
					
						Statistical discrepancy
					
					
						U.S. officialreserveassets,net(unadjusted,end ofperiod) 4
					
				
				
					
						Net U.S. acquisition of financial assets excludingfinancial derivatives[net increase in assets / financial outflow (+)]
					
					
						Net U.S. incurrence of liabilities excludingfinancial derivatives[net increase in liabilities / financial inflow (+)]
					
					
						Financialderivativesotherthanreserves,net transactions
					
					
						Net lending (+)or netborrowing (â)from financialaccounttransactions 5
					
				
				
					
						Total
					
					
						Direct investment assets
					
					
						Portfolio investment assets
					
					
						Other investment assets
					
					
						Reserveassets 4
					
					
						Total
					
					
						Direct investment liabilities
					
					
						Portfolio investment liabilities
					
					
						Other investment liabilities
					
				
				
					
						2014 
					
					
						â6,535
					
					
						865,694
					
					
						387,528
					
					
						581,668
					
					
						â99,920
					
					
						â3,583
					
					
						1,109,443
					
					
						251,857
					
					
						697,607
					
					
						159,979
					
					
						â54,335
					
					
						â298,084
					
					
						78,506
					
					
						130,090
					
				
				
					
						2015 
					
					
						â7,940
					
					
						144,104
					
					
						302,072
					
					
						107,154
					
					
						â258,831
					
					
						â6,292
					
					
						503,468
					
					
						511,434
					
					
						213,910
					
					
						â221,876
					
					
						â27,035
					
					
						â386,400
					
					
						29,993
					
					
						117,581
					
				
				
					
						2016 
					
					
						â6,606
					
					
						336,438
					
					
						299,814
					
					
						37,489
					
					
						â2,955
					
					
						2,090
					
					
						706,693
					
					
						474,388
					
					
						231,265
					
					
						1,040
					
					
						7,827
					
					
						â362,427
					
					
						40,394
					
					
						117,332
					
				
				
					
						2017 
					
					
						12,394
					
					
						1,161,984
					
					
						409,413
					
					
						540,728
					
					
						213,533
					
					
						â1,690
					
					
						1,559,219
					
					
						380,823
					
					
						790,810
					
					
						387,586
					
					
						23,998
					
					
						â373,237
					
					
						â18,016
					
					
						123,313
					
				
				
					
						2018 
					
					
						â4,261
					
					
						429,710
					
					
						â130,720
					
					
						381,863
					
					
						173,578
					
					
						4,989
					
					
						712,178
					
					
						214,716
					
					
						303,075
					
					
						194,387
					
					
						â20,404
					
					
						â302,872
					
					
						141,238
					
					
						125,798
					
				
				
					
						2019 
					
					
						â6,456
					
					
						315,580
					
					
						114,924
					
					
						â11,453
					
					
						207,450
					
					
						4,659
					
					
						832,266
					
					
						315,983
					
					
						233,469
					
					
						282,814
					
					
						â41,670
					
					
						â558,356
					
					
						â110,149
					
					
						129,479
					
				
				
					
						2020 
					
					
						â5,610
					
					
						954,808
					
					
						282,333
					
					
						406,368
					
					
						257,133
					
					
						8,974
					
					
						1,621,666
					
					
						137,068
					
					
						946,560
					
					
						538,038
					
					
						â5,107
					
					
						â671,965
					
					
						â65,154
					
					
						144,890
					
				
				
					
						2021 
					
					
						â1,423
					
					
						1,191,028
					
					
						341,955
					
					
						711,540
					
					
						23,541
					
					
						113,993
					
					
						1,975,626
					
					
						475,803
					
					
						614,103
					
					
						885,720
					
					
						â39,028
					
					
						â823,625
					
					
						45,778
					
					
						251,238
					
				
				
					
						2022 
					
					
						â181
					
					
						747,109
					
					
						388,510
					
					
						322,719
					
					
						30,066
					
					
						5,814
					
					
						1,535,516
					
					
						408,982
					
					
						760,384
					
					
						366,150
					
					
						â80,698
					
					
						â869,105
					
					
						143,174
					
					
						243,758
					
				
				
					
						2023 
					
					
						â6,320
					
					
						978,604
					
					
						454,085
					
					
						81,562
					
					
						442,916
					
					
						41
					
					
						1,887,085
					
					
						348,784
					
					
						1,231,077
					
					
						307,224
					
					
						â15,642
					
					
						â924,123
					
					
						â12,427
					
					
						245,152
					
				
				
					
						2021: I 
					
					
						â2,343
					
					
						435,739
					
					
						65,307
					
					
						337,343
					
					
						35,189
					
					
						â2,100
					
					
						630,216
					
					
						56,963
					
					
						393,559
					
					
						179,694
					
					
						â2,216
					
					
						â196,693
					
					
						â4,846
					
					
						139,048
					
				
				
					
						      II 
					
					
						â649
					
					
						240,110
					
					
						121,535
					
					
						175,898
					
					
						â57,800
					
					
						477
					
					
						443,865
					
					
						124,861
					
					
						146,867
					
					
						172,138
					
					
						â7,319
					
					
						â211,075
					
					
						809
					
					
						140,185
					
				
				
					
						      III 
					
					
						3,231
					
					
						460,634
					
					
						82,927
					
					
						303,444
					
					
						â38,339
					
					
						112,603
					
					
						677,733
					
					
						162,914
					
					
						200,792
					
					
						314,027
					
					
						â6,796
					
					
						â223,895
					
					
						7,867
					
					
						250,080
					
				
				
					
						      IV 
					
					
						â1,662
					
					
						54,545
					
					
						72,185
					
					
						â105,144
					
					
						84,491
					
					
						3,013
					
					
						223,811
					
					
						131,065
					
					
						â127,115
					
					
						219,861
					
					
						â22,697
					
					
						â191,962
					
					
						41,948
					
					
						251,238
					
				
				
					
						2022: I 
					
					
						â1,367
					
					
						395,757
					
					
						144,052
					
					
						191,983
					
					
						58,790
					
					
						932
					
					
						681,897
					
					
						136,221
					
					
						264,368
					
					
						281,307
					
					
						6,102
					
					
						â280,037
					
					
						13,149
					
					
						248,224
					
				
				
					
						      II 
					
					
						â2,462
					
					
						364,634
					
					
						96,648
					
					
						236,902
					
					
						29,903
					
					
						1,181
					
					
						451,649
					
					
						71,867
					
					
						384,377
					
					
						â4,595
					
					
						â45,911
					
					
						â132,925
					
					
						132,636
					
					
						238,575
					
				
				
					
						      III 
					
					
						6,272
					
					
						295,807
					
					
						34,770
					
					
						270,789
					
					
						â10,549
					
					
						797
					
					
						526,270
					
					
						127,356
					
					
						262,003
					
					
						136,912
					
					
						â33,940
					
					
						â264,404
					
					
						â40,147
					
					
						230,153
					
				
				
					
						      IV 
					
					
						â2,624
					
					
						â309,090
					
					
						113,039
					
					
						â376,955
					
					
						â48,077
					
					
						2,903
					
					
						â124,300
					
					
						73,537
					
					
						â150,364
					
					
						â47,474
					
					
						â6,949
					
					
						â191,739
					
					
						37,535
					
					
						243,758
					
				
				
					
						2023: I 
					
					
						â2,520
					
					
						199,533
					
					
						89,192
					
					
						18,614
					
					
						90,948
					
					
						778
					
					
						585,035
					
					
						93,218
					
					
						349,775
					
					
						142,042
					
					
						â1,727
					
					
						â387,229
					
					
						â154,379
					
					
						246,990
					
				
				
					
						      II 
					
					
						â1,061
					
					
						209,246
					
					
						78,657
					
					
						53,042
					
					
						77,276
					
					
						272
					
					
						309,433
					
					
						88,890
					
					
						392,385
					
					
						â171,842
					
					
						â4,741
					
					
						â104,928
					
					
						128,736
					
					
						244,008
					
				
				
					
						      III 
					
					
						â994
					
					
						270,003
					
					
						119,890
					
					
						48,595
					
					
						101,118
					
					
						400
					
					
						467,099
					
					
						66,740
					
					
						261,558
					
					
						138,801
					
					
						1,068
					
					
						â196,028
					
					
						25,624
					
					
						240,990
					
				
				
					
						      IV 
					
					
						â1,745
					
					
						299,822
					
					
						166,346
					
					
						â38,689
					
					
						173,574
					
					
						â1,408
					
					
						525,518
					
					
						99,936
					
					
						227,358
					
					
						198,223
					
					
						â10,242
					
					
						â235,937
					
					
						â12,408
					
					
						245,152
					
				
				
					
						2024: I p 
					
					
						â1,837
					
					
						321,182
					
					
						118,344
					
					
						164,075
					
					
						36,253
					
					
						2,509
					
					
						515,595
					
					
						81,203
					
					
						389,473
					
					
						44,919
					
					
						â2,865
					
					
						â197,278
					
					
						42,204
					
					
						243,802
					
				
				
					
						4 Consists of monetary gold, special drawing rights (SDRs), the U.S. reserve position in the International Monetary Fund (IMF), and other reserve assets, including foreign currencies.
					
				
				
					
						5 Net lending means that U.S. residents are net suppliers of funds to foreign residents, and net borrowing means the opposite.
					
				
				
					
						Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and the Board of Governors of the Federal Reserve System.
					
				
				
					
				
			
		
		
		Contents
		Total Output, Income, and Spending	Page
		Gross Domestic Product 		1
		Real Gross Domestic Product 		2
		Chained Price Indexes For Gross Domestic Product  		2
		Gross Domestic Product and Related Price Measures: Indexes and Percent Changes 		3
		Nonfinancial Corporate BusinessâGross Value Added and Price, Costs, and Profits 		3
		National Income 		4
		Real Personal Consumption Expenditures 		4
		Sources of Personal Income 		5
		Disposition of Personal Income 		6
		Real Farm Income 		7
		Corporate Profits 		8
		Real Gross Private Domestic Investment 		9
		Real Private Fixed Investment by Type 		10
		Business Investment 		10
		Employment, Unemployment, and wages
		Status of the Labor Force 		11
		Selected Unemployment Rates 		12
		Selected Measures of Unemployment and Unemployment Insurance Programs 		13
		Nonagricultural Employment 		14
		Average Weekly Hours, Hourly Earnings, and Weekly EarningsâPrivate Nonagricultural Industries 		15
		Employment Cost IndexâPrivate Industry 		15
		Productivity and Related Data, Business and Nonfarm Business Sectors 		16
		Production and Business Activity
		Industrial Production and Capacity Utilization 		17
		Industrial ProductionâMajor Market Groups and Selected Manufactures 		18
		New Construction 		19
		New Private Housing and Vacancy Rates 		19
		Business Sales and InventoriesâManufacturing and Trade 		20
		Manufacturersâ Shipments, Inventories, and Orders 		21
		Prices
		Producer Prices 		22
		Consumer PricesâAll Urban Consumers 		23
		Changes in Producer Prices 		24
		Changes in Consumer PricesâAll Urban Consumers 		24
		Prices Received and Paid by Farmers 		25
		Money, Credit, and Security Markets
		Money Stock and Debt Measures 		26
		Components of Money Stock 		27
		Aggregate Reserves and Monetary Base 		27
		Bank Credit at All Commercial Banks 		28
		Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business 		29
		Consumer Credit 		29
		Interest Rates and Bond Yields 		30
		Common Stock Prices and Yields 		31
		Federal Finance
		Federal Receipts, Outlays, and Debt 		32
		Federal Receipts by Source and Outlays by Function 		33
		Federal Sector, National Income Accounts Basis 		34
		International Statistics
		Industrial Production and Consumer PricesâMajor Industrial Countries 		35
		U.S. International Trade in Goods and Services 		35
		U.S. International Transactions 		36
		General Notes
		Detail in these tables may not add to totals because of rounding. Unless otherwise noted, all dollar figures are in current dollars. 
		Symbols used:
			p Preliminary.
			r Revised.
			c Corrected.
			... Not available (also, not applicable).
			NSA Not seasonally adjusted.