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Real GDP up 5.3%, Q1 results reveal positive contributions
26 May '06
3 min read
About 0.2 percentage point of the first-quarter increase in the index was accounted for by the pay raise for federal civilian and military personnel, which is treated as an increase in the price index of employee services purchased by the federal government.
Real personal consumption expenditures increased 5.2 percent in the first quarter, compared with an increase of 0.9 percent in the fourth. Real nonresidential fixed investment increased 13.1 percent, compared with an increase of 4.5 percent. Nonresidential structures increased 11.3 percent, compared with an increase of 3.1 percent.
Real exports of goods and services increased 14.7 percent in the first quarter, compared with an increase of 5.1 percent in the fourth. Real imports of goods and services increased 12.8 percent, compared with an increase of 12.1 percent.
Real federal government consumption expenditures and gross investment increased 10.5 percent in the first quarter, in contrast to a decrease of 2.6 percent in the fourth. National defense increased 9.6 percent, in contrast to a decrease of 8.9 percent.
The real change in private inventories subtracted 0.14 percentage point from the first-quarter change in real GDP, after adding 1.89 percentage points to the fourth-quarter change. Private businesses ncreased inventories $32.3 billion in the first quarter, following an increase of $37.9 billion in the ourth quarter and a decrease of $13.3 billion in the third.
Gross national product
Real personal consumption expenditures increased 5.2 percent in the first quarter, compared with an increase of 0.9 percent in the fourth. Real nonresidential fixed investment increased 13.1 percent, compared with an increase of 4.5 percent. Nonresidential structures increased 11.3 percent, compared with an increase of 3.1 percent.
Real exports of goods and services increased 14.7 percent in the first quarter, compared with an increase of 5.1 percent in the fourth. Real imports of goods and services increased 12.8 percent, compared with an increase of 12.1 percent.
Real federal government consumption expenditures and gross investment increased 10.5 percent in the first quarter, in contrast to a decrease of 2.6 percent in the fourth. National defense increased 9.6 percent, in contrast to a decrease of 8.9 percent.
The real change in private inventories subtracted 0.14 percentage point from the first-quarter change in real GDP, after adding 1.89 percentage points to the fourth-quarter change. Private businesses ncreased inventories $32.3 billion in the first quarter, following an increase of $37.9 billion in the ourth quarter and a decrease of $13.3 billion in the third.
Gross national product
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