Page 15 - US Market Performance Report 1Q 2018

1376 Stoneridge Circle | Escondido, CA 92029 | 800.228.5038 | www.dbmkt.com
Barring signi cant wage or personal disposable income increases, it appears likely personal consumption as a proportion of GDP will decrease in the near term.
With goods consumption near record 25% highs as a percentage of GDP, it appears likely a leading economic indicator will be a decline in durable goods purchases.
The chart at the right shows goods consumption is more volatile than service consumption.
8% 6% 4% 2% 0%
-2%
-4%
-6%
-8%
GDP
Service Consumption
Goods Consumption
Annualized Period Change in GDP & Top 2 Components
Year-over-year % change in annual estimates
Real 2009 $'s reported quarterly: 1Q2000 to 1Q2018 SOURCE: BUREAU OF ECONOMIC ANALYSIS
Goods consumption has outperformed the overall GDP growth.
Goods consumption is more volatile than
services.
2000-I 2001-I 2002-I 2003-I 2004-I 2005-I 2006-I 2007-I 2008-I 2009-I 2010-I 2011-I 2012-I 2013-I 2014-I 2015-I 2016-I 2017-I 2018-I
Page 13