Posts tagged ‘Recession’

Relative Change US Consumption Components

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Personal Consumption Expenditures can be viewed as expenditures by the household sector.

This graphic shows very clearly that durable goods are the most volatile component of consumption.

The relative change equals the share of the change divided by the share (based on two earlier posts).

The 2nd Quarter 2007 was the last quarter prior to the economic downturn.The 2nd Quarter 2010 has the most recent available data.

Data Source: 2nd Quarter 2007 and 2nd Quarter 2010 National Income and Product Accounts from the Bureau of Economic Analysis.

Share of Change US Consumption Components

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Personal Consumption Expenditures can be viewed as expenditures by the household sector.

The share equals the size of the component divided by the size of the total.

This graphic represents the change during the recession. Since Consumption declined, the services went in the opposite direction: they expanded! Durable goods accounted for most of the decline despite being the smallest category.

The 2nd Quarter 2007 was the last quarter prior to the economic downturn. The 2nd Quarter 2010 has the most recent available data.

Data Source: 2nd Quarter 2007 and 2nd Quarter 2010 National Income and Product Accounts from the Bureau of Economic Analysis.

Share of US Consumption Components

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Personal Consumption Expenditures can be viewed as expenditures by the household sector. Services are overwhelming the largest category. Durable goods are clearly the smallest.

The share equals the size of the component divided by the size of the total.

The 2nd Quarter 2007 was the last quarter prior to the economic downturn.

Data Source: The 2nd Quarter 2007 National Income and Product Accounts from the Bureau of Economic Analysis.

Relative Change US GDP Components

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This graphic shows pretty clearly that the most volatile GDP components are investment and net exports. Consumption, by comparison, barely moves over time.

Each category represents a specific sector of the economy:
Consumption: Households
Investment: Businesses
Government: Government (all levels)
Net Exports: Foreign

The relative change equals the share of the change divided by the share (based on two earlier posts).

The 2nd Quarter 2007 was the last quarter prior to the economic downturn.The 2nd Quarter 2010 has the most recent available data.

For comparison with the share of each sector in the overall economy, please see: http://lindholmcompanyblog.com/?p=3646.

Data Source: 2nd Quarter 2007 and 2nd Quarter 2010 National Income and Product Accounts from the Bureau of Economic Analysis.

Share of US GDP Component Change

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Investment accounts for the entire decline in GDP and then a lot more. Government and net exports actually have increased.

Each category represents a specific sector of the economy:
Consumption: Households
Investment: Businesses
Government: Government (all levels)
Net Exports: Foreign

The share equals the size of the component divided by the size of the total.

The 2nd Quarter 2007 was the last quarter prior to the economic downturn.The 2nd Quarter 2010 has the most recent available data.

For comparison with the share of each sector in the overall economy, please see: http://lindholmcompanyblog.com/?p=3646.

Data Source: 2nd Quarter 2007 and 2nd Quarter 2010 National Income and Product Accounts from the Bureau of Economic Analysis.

Shares of US GDP Components

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This post starts a series looking at the structure of the U. S. economy. Consumption is by far the largest sector of the economy.

Each category represents a specific sector of the economy:
Consumption: Households
Investment: Businesses
Government: Government (all levels)
Net Exports: Foreign

The share equals the size of the component divided by the size of the total.

The 2nd Quarter 2007 was the last quarter prior to the economic downturn.

Data Source: The 2nd Quarter 2007 National Income and Product Accounts from the Bureau of Economic Analysis.