Domestic GDP + Consumption Trends Becoming Less Bad U.S. Real GDP vs. Real Personal Consumption Expenditures (PCE) Q/Q % Change, CQ1:05 – CQ2:09 6% 4% 2% 0% CQ1:05 CQ3:05 CQ1:06 CQ3:06 CQ1:07 CQ3:07 CQ1:08 CQ3:08 CQ1:09 -2% -4% -6% U.S. Real GDP Q/Q Growth U.S. Real PCE Q/Q Growth Note: Real GDP and real PCE are inflation and seasonally adjusted; Source: Bureau of Economic Analysis. 13
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