2016 q4 gdp webinar with delaney and best
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The Latest Economic Trends Highlights from the 2016 GDP Estimate January 27, 2017 1
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Transcript of 2016 q4 gdp webinar with delaney and best
The Latest Economic Trends Highlights from the 2016 GDP Estimate
January 27, 2017
1
2
WAYNE BEST Chief Economist
Visa, Inc.
REP. JOHN DELANEY Maryland’s 6th District
U.S. Congress Joint Economic Committee
THE U.S. ECONOMY GREW 1.9 PERCENT IN 2016Q4
3
3.3%
2.7%
1.8%
-0.3%
-2.8%
2.5%
1.6%
2.2%
1.7%
2.4% 2.6%
1.6%
0.8%
1.4%
3.5%
1.9%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 Q1
2016 Q2
2016 Q3
2016 Q4
Real GDP Percent Change
CONTRIBUTIONS TO GDP GROWTH
4
2016 Q3 2016 Q4
Real GDP 3.5 1.9 Contribution to change in real GDP Personal consumption expenditures 2.03 1.7 Non-residential investment 0.18 0.30 Construction 0.3 -0.14 Equipment -0.26 0.18 IP products 0.13 0.26 Residential investment -0.16 0.37 Government 0.14 0.21 Net exports -0.85 -1.70
CONSUMER SPENDING
5
3.5
3.0
2.2
-0.3
-1.6
1.9
2.3
1.5 1.5
2.9 3.2
2.7
1.6
4.3
3.0
2.5
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 Q1 2016 Q2
2016 Q3
2016 Q4
Real Personal Consumption Expenditures Percent Change
BUSINESS INVESTMENT GREW BY 2.4% IN Q4
6
7.0 7.1 5.9
-0.7
-15.6
2.5
7.7 9.0
3.5
6.0
2.1
-0.4
-3.4
1.0 1.4 2.4
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 Q1 2016 Q2
2016 Q3
2016 Q4
Real Business Fixed Investment Percent Change
NON-RESIDENTIAL INVESTMENT TRENDS
7
1.4
10.3
-4.4
-3.1
2013 2014 2015 2016
Construction Percent change
4.6
5.4
3.5
2013 2014 2015 2016
Equipment Percent change
3.4 3.9
4.8 5.0
2013 2014 2015 2016
IP Products Percent change
-2.8
HOUSING ACTIVITY
8
6.6
-7.6
-18.8
-24.0
-21.2
-2.5
0.5
13.5 11.9
3.5
11.7
4.9
7.8
-7.7
-4.1
10.2
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 Q1
2016 Q2
2016 Q3
2016 Q4
Real Residential Investment Percent Change
EXPORTS
9
6.3
9.0 9.3
5.7
-8.8
11.9
6.9
3.4 3.5 4.3
0.1 0.4
-0.7
1.8
10.0
-4.3
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 Q1 2016 Q2
2016 Q3
2016 Q4
Exports Percent Change
