BEA paper offers new R&D depreciation model
Real GDP increased 1.4 percent after increasing 0.8 percent in the first quarter. The increase primarily reflected contributions from consumer spending, exports, and nonresidential fixed investment.
The net international investment position decreased 6.1 percent to –$8,042.8 billion in the second quarter from –$7,582.0 billion in the first quarter.
The current-account deficit decreased to $119.9 billion from $131.8 billion in the first quarter. In the financial account, net U.S. borrowing decreased to $31.3 billion from $45.4 billion.
Real GDP increased in 292 of the nation's 382 metropolitan areas in 2015. For the nation, real GDP by metropolitan area increased 2.5 percent after increasing 2.3 percent in 2014.
State personal income grew in all the states and the District of Columbia in the second quarter of 2016. Growth ranged from 0.4 percent in Alaska to 1.4 percent in Utah. On average, personal income grew 1.0 percent in the second quarter after increasing 0.3 percent in the first quarter.