The Commerce Department announced that the U.S. economy grew at an annual rate of 0.7 percent in the first quarter of 2017. PGIM Managing Director Ed Keon will discuss the fundamentals of the economy, consumer trends, and areas of potential growth. This webinar is the latest in Business Forward’s series on economic indicators. We provide this programming to help you stay up to date on the latest information about the economy and how it may affect your business.

1. The Latest
Economic Trends
Highlights from the 1Q2017 GDP Estimate
April 28, 2017
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2. THE U.S. ECONOMY GREW 0.7 PERCENT IN Q1
2
3.3%
2.7%
1.8%
-0.3%
-2.8%
2.5%
1.6%
2.2%
1.7%
2.4%
2.6%
1.6%
1.4%
3.5%
2.1%
0.70%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016
Q2
2016
Q3
2016
Q4
2017
Q1
Real GDP
Percent Change

3. CONTRIBUTIONS TO GDP GROWTH
3
2016 Q3 2016 Q4 2017 Q1
Real GDP 3.5 2.1 0.7
Contribution to
change in real GDP
Personal consumption
expenditures 2.03 2.40 0.23
Private Investment 0.50 1.47 0.69
Business 0.18 0.11 1.12
Residential -0.16 0.35 0.50
Inventories .049 1.01 -0.93
Government 0.14 0.03 -0.30
Net exports 0.85 -1.82 0.07

4. CONSUMER SPENDING
4
3.5
3.0
2.2
-0.3
-1.6
1.9
2.3
1.5 1.5
2.9
3.2
2.7
4.3
3.0
3.5
0.3
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016
Q2
2016
Q3
2016
Q4
2017
Q1
Real Personal Consumption Expenditures
Percent Change

5. BUSINESS INVESTMENT GREW BY 9.4% IN Q1
5
7.0 7.1
5.9
-0.7
-15.6
2.5
7.7
9.0
3.5
6.0
2.1
-0.5
1.0 1.4 0.9
9.4
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016
Q2
2016
Q3
2016
Q4
2017
Q1
Real Business Fixed Investment
Percent Change

6. NON-RESIDENTIAL INVESTMENT TRENDS
6
-2.8
0.1
-2.1
12
-1.9
22.1
1Q
2016
2Q
2016
3Q
2016
4Q
2016
1Q
2017
Construction
Percent change
-9.5
-2.9
-4.5
1.9
9.1
1Q
2016
2Q
2016
3Q
2016
4Q
2016
1Q
2017
Equipment
Percent change
3.7
9.0
3.2
1.3 2.0
1Q
2016
2Q
2016
3Q
2016
4Q
2016
1Q
2017
IP Products
Percent change

7. HOUSING ACTIVITY
7
6.6
-7.6
-18.8
-24.0
-21.2
-2.5
0.5
13.5
11.9
3.5
11.7
4.9
-7.7
-4.1
9.6
13.7
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016
Q2
2016
Q3
2016
Q4
2017
Q5
Real Residential Investment
Percent Change

8. EXPORTS
8
6.3
9.0 9.3
5.7
-8.8
11.9
6.9
3.4 3.5
4.3
0.1 0.4
1.8
10.0
-4.5
5.8
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016
Q2
2016
Q3
2016
Q4
2017
Q1
Exports
Percent Change

9. INFLATION
9
2.2 2.2 2.2
2.1
1.2
1.3
1.5
1.9
1.5
1.6
1.4
1.7
1.8
1.7
1.3
2.0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016
Q2
2016
Q3
2016
Q4
2017
Q1
Core Personal Consumption Expenditures
Percent Change

10. QUESTIONS
Press 1 on your phone,
or
Email info@businessfwd.org
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