Excluding food and energy prices, the price index for gross domestic purchases increased 2.9 percent in the second quarter, compared with an increase of 3.0 percent in the first.
Real personal consumption expenditures increased 2.6 percent in the second quarter, compared with an increase of 4.8 percent in the first. Real nonresidential fixed investment increased 4.4 percent, compared with an increase of 13.7 percent.
Nonresidential structures increased 20.3 percent, compared with an increase of 8.7 percent. Equipment and software decreased 1.4 percent, in contrast to an increase of 15.6 percent. Real residential fixed investment decreased 11.1 percent, compared with a decrease of 0.3 percent.
Real exports of goods and services increased 6.2 percent in the second quarter, compared with an increase of 14.0 percent in the first. Real imports of goods and services increased 1.4 percent, compared with an increase of 9.1 percent.
The real change in private inventories added 0.44 percentage point to the second-quarter change in real GDP, after subtracting 0.03 percentage point from the first-quarter change.
Private businesses increased inventories $53.7 billion in the second quarter, following increases of $41.2 billion in the first quarter and $43.5 billion in the fourth.
Bureau of Economic Analysis
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