Real gross domestic product (GDP) grew at an annual rate of 1.9 percent in the first quarter of 2012, according to today’s second estimate. This follows a growth rate of 3.0 percent in the fourth quarter of 2011.
The March 2012 international trade deficit rose 14.1 percent from the prior month, to $51.8 billion. Exports increased 2.9 percent, to $186.8 billion, and imports increased 5.2 percent, to $238.6 billion.
Personal income in March 2012 rose 0.4 percent. Nominal personal consumption expenditures (PCE) increased 0.3 percent and real PCE rose 0.1 percent. Nominal disposable personal income (DPI) increased 0.4 percent and real DPI rose 0.2 percent. The personal saving rate as a percentage of DPI was 3.8 percent in March.
Real gross domestic product (GDP) grew at an annual rate of 2.2 percent in the first quarter of 2012, according to today’s advance estimate. This follows a growth rate of 3.0 percent in the fourth quarter of 2011.
The February 2012 international trade deficit fell 12.4 percent from the prior month, to $46.0 billion. Exports increased 0.1 percent, to $181.2 billion, and imports decreased 2.7 percent, to $227.2 billion.
