Table 1
Cooling extends beyond wage growth: Recent annual, six-month, and quarterly changes in key economic indicators
| Gross domestic product | Average hourly earnings | Core price deflator, personal consumption expenditures | Residential investment | Nonresidential fixed investment | |
|---|---|---|---|---|---|
| Annual changes | |||||
| 2016 | 1.6% | 2.6% | 1.3% | 6.5% | 0.7% |
| 2017 | 2.4% | 2.6% | 1.3% | 3.5% | 4.4% |
| 2018 | 2.9% | 3.0% | 1.6% | -1.5% | 6.4% |
| Latest six-month change | 2.6% | 2.9% | 1.6% | -1.3% | 1.9% |
| Latest quarterly change | 2.1% | 2.7% | 1.5% | -1.5% | -0.6% |
Sources: GDP and investment data are from the Bureau of Economic Analysis National Income and Product Accounts, Tables 1.1.3 and 2.3.4. Earnings and personal consumption data are from the Bureau of Labor Statistics Current Employment Statistics.
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