News and Finance

Following is a summary of Gross Domestic Product from the Commerce Department. ===============================================================================

2Q 1Q 4Q 3Q 2Q 1Q 4Q

2008 2008 2007 2007 2007 2007 2006 ===============================================================================

————-Annualized Quarterly Change————– Real GDP 1.9% 0.9% -0.2% 4.8% 4.8% 0.1% 1.5% YOY percent 1.8% 2.5% 2.3% 2.8% 1.8% 1.3% 2.4% Personal consumption 1.5% 0.9% 1.0% 2.0% 2.0% 3.9% 3.7% Durable goods -3.0% -4.3% 0.4% 2.3% 5.0% 9.2% 4.2% Nondurable goods 4.0% -0.4% 0.3% 1.2% 1.9% 3.5% 3.1% Services 1.1% 2.4% 1.4% 2.4% 1.4% 3.1% 3.9% Gross private investment -14.8% -5.8% -11.9% 3.5% 6.2% -9.6% -15.0% Fixed investment -2.4% -5.6% -6.2% -0.9% 3.0% -3.4% -7.6% Nonresidential 2.3% 2.4% 3.4% 8.7% 10.3% 3.4% -1.0%

Structures 14.4% 8.6% 8.5% 20.5% 18.3% 11.2% 2.5%

Equipment & software -3.4% -0.6% 1.0% 3.6% 6.9% 0.0% -2.4% Residential -15.6% -25.1% -27.0% -20.6% -11.5% -16.2% -19.5% ===============================================================================

2Q 1Q 4Q 3Q 2Q 1Q 4Q

2008 2008 2007 2007 2007 2007 2006 =============================================================================== Exports 9.2% 5.1% 4.4% 23.0% 8.8% 0.6% 15.6% Goods 11.9% 4.5% 5.1% 21.8% 6.9% 2.1% 10.4% Services 3.5% 6.4% 2.7% 25.9% 13.3% -2.7% 28.6% Imports -6.6% -0.8% -2.3% 3.0% -3.7% 7.7% 2.0% Goods -6.3% -2.0% -2.6% 2.4% -4.0% 8.4% -0.8% Services -8.4% 5.5% -0.9% 6.3% -2.0% 4.2% 18.4% Government consumption 3.4% 1.9% 0.8% 3.8% 3.9% 0.9% 1.6% Federal 6.7% 5.8% -0.5% 7.2% 6.7% -3.6% 1.8% National defense 7.3% 7.3% -0.9% 10.2% 8.5% -5.9% 7.0% Nondefense 5.3% 2.9% 0.4% 1.2% 3.1% 1.2% -8.1% State and local 1.6% -0.3% 1.6% 1.9% 2.4% 3.6% 1.5%

——————–Other Measures——————– Change in inventories $B -$62.2 -$10.2 -$8.1 $16.0 -$2.8 -$15.0 $13.1 Net exports $B -$395.2 -$462.0 -$484.5 -$511.8 -$571.2 -$618.6 -$584.3 Real final sales 3.9% 0.9% 0.8% 4.0% 4.3% 1.1% 2.9% Gross domestic purchases -0.5% 0.1% -1.0% 2.6% 2.9% 1.2% 0.2% Final sales to dom purch 1.3% 0.1% -0.1% 1.9% 2.5% 2.2% 1.5% ===============================================================================

2Q 1Q 4Q 3Q 2Q 1Q 4Q

2008 2008 2007 2007 2007 2007 2006 ===============================================================================

————Contribution to Change in GDP————- Real GDP 1.9% 0.9% -0.2% 4.8% 4.8% 0.1% 1.5% Personal consumption 1.08% 0.61% 0.67% 1.44% 1.42% 2.71% 2.55% Durables -0.23% -0.33% 0.03% 0.19% 0.40% 0.71% 0.33% Motor Vehicle -0.60% -0.35% -0.03% -0.22% 0.05% 0.30% 0.01% Nondurables 0.83% -0.08% 0.05% 0.25% 0.40% 0.71% 0.62% Services 0.47% 1.02% 0.59% 1.00% 0.62% 1.29% 1.61% Housing 0.18% 0.05% 0.12% 0.08% 0.09% 0.12% 0.22% Gross pvt dom invest -2.28% -0.89% -1.93% 0.54% 0.94% -1.63% -2.68% Fixed investment -0.36% -0.86% -0.97% -0.15% 0.47% -0.57% -1.27% Nonresidential 0.25% 0.26% 0.36% 0.91% 1.07% 0.33% -0.09%

Structures 0.51% 0.30% 0.29% 0.65% 0.57% 0.35% 0.08%

Equipment & software -0.25% -0.04% 0.07% 0.26% 0.50% -0.02% -0.18%

Info processing 0.35% 0.27% 0.37% 0.31% 0.41% 0.57% 0.04%

Computers 0.08% 0.10% 0.12% 0.12% 0.09% 0.17% 0.02%

Software 0.08% 0.16% 0.16% 0.10% 0.22% 0.21% 0.14% Residential -0.62% -1.12% -1.33% -1.06% -0.60% -0.91% -1.18% ===============================================================================

2Q 1Q 4Q 3Q 2Q 1Q 4Q

2008 2008 2007 2007 2007 2007 2006 =============================================================================== Change in inventories -1.92% -0.02% -0.96% 0.69% 0.47% -1.06% -1.41% Nonfarm -1.74% 0.15% -1.43% 0.77% 0.33% -0.99% -1.52% Net exports 2.42% 0.77% 0.94% 2.03% 1.66% -1.20% 1.33% Exports 1.16% 0.63% 0.53% 2.54% 1.01% 0.06% 1.66% Goods 1.02% 0.39% 0.43% 1.66% 0.55% 0.15% 0.78% Services 0.14% 0.24% 0.10% 0.88% 0.46% -0.09% 0.87% Imports 1.26% 0.14% 0.40% -0.51% 0.65% -1.25% -0.33% Goods 1.00% 0.29% 0.38% -0.34% 0.59% -1.14% 0.13% Services 0.26% -0.15% 0.02% -0.17% 0.06% -0.11% -0.46% Govt payday loans in 1 hour. consumption 0.67% 0.38% 0.16% 0.75% 0.77% 0.17% 0.30% Federal 0.48% 0.41% -0.04% 0.51% 0.47% -0.26% 0.12% National defense 0.36% 0.34% -0.04% 0.48% 0.40% -0.29% 0.32% Nondefense 0.12% 0.06% 0.01% 0.03% 0.07% 0.03% -0.20% State and local 0.20% -0.03% 0.19% 0.24% 0.30% 0.43% 0.18%

—————Implicit Price Deflators————— GDP 1.1% 2.6% 2.5% 1.5% 2.0% 4.2% 2.2% Gross domestic purchases 4.3% 3.4% 2.7% 2.2% 3.3% 3.7% 0.6% ===============================================================================

2Q 1Q 4Q 3Q 2Q 1Q 4Q

2008 2008 2007 2007 2007 2007 2006 ===============================================================================

——————–Price Indexes——————— GDP 1.1% 2.6% 2.8% 1.5% 2.0% 4.1% 2.2% YOY percent 2.0% 2.3% 2.6% 2.5% 2.8% 2.9% 2.8% Personal consumption 4.2% 3.6% 4.3% 2.5% 3.6% 3.4% -0.5% YOY percent 3.7% 3.5% 3.5% 2.2% 2.4% 2.3% 1.9% ex food and energy 2.1% 2.3% 2.5% 2.1% 1.8% 2.4% 1.8% Real final sales 1.1% 2.7% 2.8% 1.5% 2.0% 4.1% 2.2% Gross domestic purchases 4.2% 3.5% 4.0% 2.2% 3.3% 3.6% 0.6%

SOURCE: U.S. Commerce Department http://www.bea.gov.

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