With the recent decline in GPDI
, there has been increased interest in timelier and higher frequency estimates.
and software was the largest source of economic growth among the components of GPDI
for several years.
The effects of the CCC-related change may be seen by comparing the mean absolute revisions of the estimates of GPDI and of fixed investment.
With the exception of the current-dollar advance estimates of fixed investment, the mean revisions for GPDI and fixed investment are negative.
The effects of the first of these changes, the revised classification of CCC transactions, may be seen by comparing the dispersions for the estimates of GPDI
and of fixed investment.
The chain-type price index for gross domestic purchases reflects only the prices of PCE, GPDI
, and government spending.
production of goods and services sold outside the United States and exluding goods and services in PCE, GPDI
, and government purchases that are not produced in the United States).
production of goods and services marketed outside the United States and excluding goods and services in PCE, GPDI
, and government purchases that are not U.
4) For gross private domestic investment (GPDI
) and net exports of goods and services, the differences also reflect the incorporation in the I-O estimates of newly available source data: For GPDI
, revised Census Bureau estimates of new construction and revised Department of Agriculture estimates of farm inventories; for net exports, revised BEA estimates of international transactions in services.