Digital Auto Care Factbook 2018 - 2

Key Economic Indicators
U.S. current gross domestic product should total 19 trillion dollars in 2017 complimenting a 2.9% compounded annual growth rate
from 2013 - 17, and real growth in 2016. Since the economic recovery began in 2009, the U.S. economy has realized favorable
changes in key economic data noted in the chart below. Some of the most notable changes in the 4-year compounded growth rates
occurred in motor vehicle parts manufacturing (9.04%), retail sales (3.04%) and disposable income (5.51%).
Unlike in last year's report, the U.S. dollar has increased favorably against most of the world's major currencies and is expected
to remain strong in 2017. The U.S. national debt continues to grow in real and nominal terms and presents a burden to the U.S.
taxpayers and hinders economic growth. A strengthening U.S. dollar in the second half of 2016 and into 2017 reduces the cost of
foreign imports ranging from oil and steel to minerals and automobiles. However, a more valuable U.S. dollar means that many U.S.
exports will cost more to purchase. Consumer confidence is expected to continue to trend upward in 2017, from its Great Recession
low of below 50 in 2009, yet still shy of its recent high of 114 in 2006.
This summary was prepared by Dr. Timothy G. Nash, Vice President and Director of the McNair Center at Northwood University.

Key Economic Indicators (Billions of chained 2009 Dollars, unless otherwise noted)
Gross Domestic Product and Components
Gross Domestic Product (GDP); Real
Gross Domestic Product (GDP); Nominal
Inflation Rate
U.S. National Debt (Nominal)
U.S. National Debt as a Percent of GDP
Personal Consumption Expenditures
Durable Goods
Nondurable Goods
Services
Gross Private Domestic Investment
Government Expenditures (Billions of Current Dollars)
Trade Balance
Total Exports
Total Imports
Interest Rates (Change in points )1
Prime Rate
Federal Funds Rate
Manufacturing Indicators
Industrial Production Indexes (2002 = 100)1
Motor Vehicle Parts Manufacturing (average)
Tire Manufacturing (average, 2012 = 100)
Purchasing Managers Index (average)2
Consumer Information
Retail Sales (Billions of Current Dollars)3
Disposable Personal Income (Billions of Current Dollars)
Civilian Unemployment Rate (Change in points)4
Consumer Confidence Index (for December)5
Housing Starts (Thousands of Units)3
Prices 4
Producer Price Indexes
Total Manufacturing (Dec. 1984 = 100)
Diesel Fuel (June 1985 = 100)
Consumer Price Indexes (1982-84 = 100)
All Items
Motor Vehicle Parts and Equipment
Exchange Rates (Units per U.S. Dollar)1
Broad Index (Jan. 1997 = 100)
Canada - Dollar
China - Yuan
European Union - Euro (U.S. Dollars per Currency Unit)
Japan - Yen
Mexico - Peso
Notes:

2

2013

2014

2015

2016

2017
Estimate

$15,583.3
$16,663.2
1.5%
$17,352.0
104.1%
$11,392.3
$1,237.8
$2,598.9
$7,555.5
$2,647.1
$3,860.5
-$478.4
$2,279.9
$2,758.3

$15,961.7
$17,348.1
1.6%
$18,141.4
104.6%
$11,865.9
$1,280.2
$2,668.2
$7,917.5
$2,772.5
$3,965.4
-$508.3
$2,343.2
$2,851.5

$16,348.9
$17,947.0
0.1%
$18,522.2
103.2%
$12,271.9
$1,328.7
$2,650.1
$8,293.1
$2,852.7
$4,056.9
-$539.8
$2,223.6
$2,763.4

$16,897.0
$18,560.0
1.6%
$19,300.0
106.0%
$12,654.1
$1,460.5
$2,640.3
$8,553.3
$2,941.7
$4,151.2
-$502.0
$2,209.7
$2,711.7

$17,519.0
$19,100.0
2.1%
$20,600.0
108.0%
$13,113.0
$1,495.4
$2,665.20
$8,952.40
$3,129.3
$4,252.1
-$474.5
$2,330.0
$2,804.5

2.49%
4.07%
1.04%
4.27%
0.63%
4.10%
6.45%
0.61%
4.85%
4.14%
2.47%
1.43%
-1.10%
-0.58%

±
±
¿
¿
¯
±
¿
¿
¿
¿
±
¯
¿
¯

3.25%
0.11%

3.25%
0.09%

3.26%
0.13%

3.50%
0.75%

4.20%
1.25%

2.56%
213.33%

¿
¿

105.9
93.7
53.9

114.4
93.9
55.6

127.5
96.4
51.4

129.0
97.4
52.3

127
97.6
54.0

9.04%
1.33%
-0.97%

¿
±
±

$4,469
$12,395.6
7.4%
78.1
925

$4,632
$12,913.9
6.2%
93.1
1003

$4,699
$13,395.0
5.3%
97.8
1112

$4,846
$14,345.0
4.8%
113.7
1172

$4,962
$14,490.0
4.6%
115
1221

3.04%
5.51%
-9.74%
18.31%
13.52%

¿
¿
±
±
±

193.9
317.7

195.5
299.6

185.6
181.4

190.0
185.8

194.5
194.5

-0.65%
-13.90%

±
±

233.0
146.4

236.7
144.8

237.0
144.2

240.0
144.6

241.0
144.8

1.04%
-0.42%

¿
¿

100.98
1.03
6.15
1.33
97.60
12.76

104.16
1.10
6.16
1.33
105.74
13.30

117.28
1.28
6.28
1.11
121.05
15.87

119.00
1.32
6.68
0.90
116.10
16.90

120.00
1.37
6.90
0.92
113.00
19.00

6.18%
9.76%
2.75%
-10.27%
7.74%
11.11%

¿
¿
¯
±
¿
¿

na = not available. Historical data have been revised.
¿ = Favorable condition for motor vehicle aftermarket
± = Indeterminate trend - should monitor
¯ = Unfavorable condition for motor vehicle aftermarket

CAGR
(2013-2016)

Assessment

Sources: AAIA's Industry Indicators Report, U.S. Department of Commerce
1
4
Federal Reserve Board
U.S. Department of Labor
2
5
Institute for Supply Management
The Conference Board
3
U.S. Census Bureau

The 2018 Digital Factbook is Copyright © 1990 Auto Care Association and/or its licensor. 
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Table of Contents for the Digital Edition of Digital Auto Care Factbook 2018

Digital Auto Care Factbook 2018 - Intro
Digital Auto Care Factbook 2018 - I
Digital Auto Care Factbook 2018 - II
Digital Auto Care Factbook 2018 - III
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