Real GDP increased 2.2 percent after decreasing 0.7 percent in the second quarter. Consumer spending, exports, inventory investment, and residential investment turned up. Corporate profits picked up.
The U.S. current-account deficit increased $10.1 billion to $108.0 billion. The deficit on goods increased. In the financial account, net financial inflows decreased $25.0 billion to $38.3 billion.
This annual supplement to the international accounts presents current-account statistics that combine cross-border trade and net receipts of affiliates of multinational companies.
State personal income grew in 41 states in the third quarter of 2009, and compensation grew in more than 80 percent of the nation’s 3,112 counties in 2008.