![\"\"](\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2017\/07\/gdp2q17_adv_chart.jpg\")
<\/p>\nWashington, DC…Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent (revised).<\/p>\n
<\/p>\n
The Bureau emphasized that the second-quarter advance estimate released today is based on source
\ndata that are incomplete or subject to further revision by the source agency (see \u201cSource Data for the
\nAdvance Estimate\u201d on page 3). The “second” estimate for the second quarter, based on more complete
\ndata, will be released on August 30, 2017.<\/p>\n
The increase in real GDP in the second quarter reflected positive contributions from personal
\nconsumption expenditures (PCE), nonresidential fixed investment, exports, and federal government
\nspending that were partly offset by negative contributions from private residential fixed investment,
\nprivate inventory investment, and state and local government spending. Imports, which are a
\nsubtraction in the calculation of GDP, increased (table 2).<\/p>\n
Real GDP: Percent Change from Preceding Quarter<\/p>\n
Box___<\/p>\n
Annual Update of the National Income and Product Accounts<\/p>\n
The estimates released today reflect the results of the annual update of the national income and
\nproduct accounts (NIPAs) in conjunction with the “advance” estimate of GDP for the second quarter of
\n2017. The update covers the first quarter of 2014 through the first quarter of 2017. For more
\ninformation, see information on the “2017 Annual Update” on BEA\u2019s Web site. Additionally, the August
\nSurvey of Current Business will contain an article that describes the results in detail.<\/p>\n
______<\/p>\n
The acceleration in real GDP growth in the second quarter reflected a smaller decrease in private
\ninventory investment, an acceleration in PCE, and an upturn in federal government spending. These
\nmovements were partly offset by a downturn in residential fixed investment and decelerations in
\nexports and in nonresidential fixed investment.<\/p>\n
Current-dollar GDP increased 3.6 percent, or $169.0 billion, in the second quarter to a level of $19,226.7
\nbillion. In the first quarter, current-dollar GDP increased 3.3 percent (revised), or $152.2 billion (table 1
\nand table 3).<\/p>\n
The price index for gross domestic purchases increased 0.8 percent in the second quarter, compared
\nwith an increase of 2.6 percent in the first quarter (revised) (table 4). The PCE price index increased 0.3
\npercent, compared with an increase of 2.2 percent. Excluding food and energy prices, the PCE price
\nindex increased 0.9 percent, compared with an increase of 1.8 percent (appendix table A).<\/p>\n
Personal Income (table 10)<\/p>\n
Current-dollar personal income increased $118.9 billion in the second quarter, compared with an
\nincrease of $217.6 billion in the first quarter (revised). The deceleration in personal income primarily
\nreflected decelerations in wages and salaries, in government social benefits, in nonfarm proprietors\u2019
\nincome, and in rental income, and downturns in personal interest income and in farm proprietors\u2019
\nincome. These movements were offset by an upturn in personal dividend income.<\/p>\n
Disposable personal income increased $122.1 billion, or 3.5 percent, in the second quarter, compared
\nwith an increase of $176.3 billion, or 5.1 percent, in the first quarter (revised). Real disposable personal
\nincome increased 3.2 percent, compared with an increase of 2.8 percent.<\/p>\n
Personal saving was $546.8 billion in the second quarter, compared with $553.0 billion in the first
\nquarter (revised). The personal saving rate — personal saving as a percentage of disposable personal
\nincome — was 3.8 percent in the second quarter, compared with 3.9 percent in the first.<\/p>\n
Source Data for the Advance Estimate<\/p>\n
Information on the source data in the advance estimate is provided in a Technical Note that is posted
\nwith the news release on BEA\u2019s Web site. A detailed “Key Source Data and Assumptions” file is also
\nposted for each release. For information on updates to GDP, see the \u201cAdditional Information\u201d section
\nthat follows.<\/p>\n
Annual Update of the National Income and Product Accounts<\/p>\n
Updated estimates of the national income and product accounts (NIPAs), which are usually made each
\nJuly, incorporate newly available and more comprehensive source data, as well as improved estimation
\nmethodologies. This year, the notable revisions primarily reflect the incorporation of newly available
\nand revised source data. The timespan of the revisions is the first quarter of 2014 through the first
\nquarter of 2017. The reference year remains 2009.<\/p>\n
With the release of the updated statistics, select NIPA tables will be available on BEA\u2019s Web site
\n(www.bea.gov). Shortly after the GDP release, BEA will post a table on its Web site showing the major
\ncurrent-dollar revisions and their sources for each component of GDP, national income, and personal
\nincome. Additionally, the August 2017 Survey of Current Business will contain an article describing these
\nrevisions.<\/p>\n
Updates for the first quarter of 2017<\/p>\n
For the first quarter of 2017, real GDP is now estimated to have increased 1.2 percent; in the previously
\npublished estimates, first-quarter GDP was estimated to have increased 1.4 percent. The 0.2-percentage
\npoint downward revision to the percent change in first-quarter real GDP reflected downward revisions
\nto nonresidential fixed investment, to private inventory investment, to residential fixed investment, and
\nto federal government spending, and an upward revision to imports. These movements were partly
\noffset by upward revisions to PCE, to state and local government spending, and to exports.<\/p>\n
Real GDI is now estimated to have increased 2.6 percent in the first quarter; in the previously published
\nestimates, first-quarter GDI was estimated to have increased 1.0 percent.<\/p>\n
First Quarter 2017<\/p>\n
Previous Estimate Revised<\/p>\n
(Percent change from preceding quarter)
\nReal GDP 1.4 1.2
\nCurrent-dollar GDP 3.4 3.6
\nReal GDI 1.0 2.6
\nAverage of GDP and GDI 1.2 1.9
\nGross domestic purchases price index 2.5 2.6
\nPCE price index 2.4 2.2<\/p>\n
Real GDP (Tables 1A, 1B, and 2A)<\/p>\n
The updated statistics largely reflect the incorporation of newly available and revised source data (see
\nthe box below) and improvements to existing methodologies.<\/p>\n
*\tFrom 2013 to 2016, real GDP increased at an average annual rate of 2.3 percent; in the
\n previously published estimates, real GDP had increased at an average annual rate of 2.2 percent.
\n From the fourth quarter of 2013 to the first quarter of 2017, real GDP increased at an average
\n annual rate of 2.1 percent, the same as previously published.<\/p>\n
Real GDP: Percent Change from Preceding Quarter<\/p>\n
*\tThe percent change in real GDP was revised up 0.2 percentage point for 2014, was revised up
\n 0.3 percentage point for 2015, and was revised down 0.1 percentage point for 2016.<\/p>\n
o For 2014, upward revisions to nonresidential fixed investment, inventory investment,
\n and state and local government spending were partly offset by an upward revision to
\n imports.<\/p>\n
o For 2015, upward revisions to personal consumption expenditures (PCE), inventory
\n investment, exports, and nonresidential fixed investment were partly offset by
\n downward revisions to state and local government spending and to residential fixed
\n investment, and by an upward revision to imports.<\/p>\n
o For 2016, downward revisions to exports, federal government spending, and inventory
\n investment were partly offset by an upward revision to state and local government
\n spending.<\/p>\n
*\tThe revisions to the annual estimates typically reflect partly offsetting revisions to the quarters
\n within the year.<\/p>\n
o For 2014, the annual rate of change in GDP was revised up 0.3 percentage point for the
\n first quarter, 0.6 percentage point for the second quarter, and 0.2 percentage point for
\n the third quarter; these upward revisions were partly offset by a downward revision of
\n 0.3 percentage point for the fourth quarter.<\/p>\n
o For 2015, upward revisions of 1.2 percentage points for the first quarter and 0.1
\n percentage point for the second quarter were partly offset by downward revisions of 0.4
\n percentage point for both the third and fourth quarters.<\/p>\n
o For 2016, downward revisions of 0.2 percentage point for the first quarter, 0.7
\n percentage point for the third quarter, and 0.3 percentage point for the fourth quarter
\n were partly offset by an upward revision of 0.8 percentage point for the second quarter.<\/p>\n
*\tFor the first quarter of 2014 through the first quarter of 2017, the average revision (without
\n regard to sign) in the percent change in real GDP was 0.4 percentage point. The revisions did
\n not change the direction of the change in real GDP (increase or decrease) for any of the
\n quarters.<\/p>\n
*\tFor the period of economic expansion from the second quarter of 2009 to the first quarter of
\n 2017, real GDP increased at an average annual rate of 2.1 percent, the same as previously
\n published.<\/p>\n
*\tCurrent-dollar GDP was revised up for all three years: $34.5 billion, or 0.2 percent, for 2014;
\n $84.1 billion, or 0.5 percent, for 2015; and $55.4 billion, or 0.3 percent, for 2016.<\/p>\n
Gross domestic income (GDI) and the statistical discrepancy (Tables 1A and 1B)<\/p>\n
*\tFrom 2013 to 2016 real GDI increased at an average annual rate of 2.3 percent, unrevised from
\n the previous estimate. From the fourth quarter of 2013 to the first quarter of 2017, real GDI
\n increased at an average annual rate of 2.2 percent; in the previously published estimates, real
\n GDI increased at an average annual rate of 2.1 percent.<\/p>\n
*\tThe statistical discrepancy is current-dollar GDP less current-dollar GDI. GDP measures final
\n expenditures — the sum of consumer spending, private investment, net exports, and
\n government spending. GDI measures the incomes earned in the production of GDP. In concept,
\n GDP is equal to GDI. In practice, they differ because they are estimated using different source
\n data and different methods.<\/p>\n
*\tThe statistical discrepancy as a percentage of GDP was revised up from -1.5 percent to -1.3
\n percent for 2014, was unrevised at -1.4 percent for 2015, and was revised up from -1.3 percent
\n to -0.8 percent for 2016.<\/p>\n
*\tThe average of GDP and GDI is a supplemental measure of U.S. economic activity. In real, or
\n inflation-adjusted, terms this measure increased at an average annual rate of 2.3 percent from
\n 2013 to 2016, the same as previously published.<\/p>\n
Price measures (Table 4A)<\/p>\n
*\tGross domestic purchases – From the fourth quarter of 2013 to the first quarter of 2017, the
\n average annual rate of increase in the price index for gross domestic purchases was 1.2 percent,
\n the same as previously published.<\/p>\n
*\tPersonal consumption expenditures – From the fourth quarter of 2013 to the first quarter of
\n 2017, the average annual rate of increase in the price index for PCE was 1.2 percent, 0.1
\n percentage point higher than the previously published estimates. The increase in the \u201ccore\u201d PCE
\n price index, which excludes food and energy, was 1.6 percent, the same as previously published.<\/p>\n
Income and saving measures (Table 1B)<\/p>\n
*\tNational income was revised down $9.9 billion, or 0.1 percent, for 2014, was revised up $74.3
\n billion, or 0.5 percent, for 2015, and was revised down $50.0 billion, or 0.3 percent, for 2016.<\/p>\n
o For 2014, downward revisions to proprietors\u2019 income and corporate profits were partly
\n offset by upward revisions to taxes on production and imports and rental income of
\n persons.<\/p>\n
o For 2015, upward revisions to net interest, corporate profits, taxes on production and
\n imports, and supplements to wages and salaries were partly offset by a downward
\n revision to proprietors\u2019 income.<\/p>\n
o For 2016, downward revisions to wages and salaries, proprietors\u2019 income, supplements
\n to wages and salaries, and corporate profits were partly offset by upward revisions to
\n net interest, taxes on production and imports, and the current surplus of government
\n enterprises.<\/p>\n
*\tCorporate profits was revised down $11.5 billion, or -0.5 percent, for 2014, was revised up $29.4
\n billion, or 1.4 percent, for 2015, and was revised down $12.4 billion, or 0.6 percent, for 2016.<\/p>\n
*\tPersonal income was revised up $8.5 billion, or 0.1 percent, for 2014, was revised up $94.5
\n billion, or 0.6 percent, for 2015, and was revised down $58.0 billion, or 0.4 percent, for 2016.<\/p>\n
*\tFrom 2013 to 2016, the average annual rate of growth of real disposable personal income was
\n revised down 0.2 percentage point from 3.2 percent to 3.0 percent.<\/p>\n
*\tThe personal saving rate (personal saving as a percentage of disposable personal income) was
\n revised up from 5.6 percent to 5.7 percent for 2014, was revised up from 5.8 percent to 6.1
\n percent for 2015, and was revised down from 5.7 percent to 4.9 percent for 2016.<\/p>\n
New and revised source data<\/p>\n
The updated statistics incorporated data from the following major federal statistical sources:<\/p>\n
Agency Data Years Covered and Vintage<\/p>\n
Census Bureau Annual surveys of wholesale trade 2014 (revised), 2015 (new)
\n Annual surveys of retail trade 2014 (revised), 2015 (new)
\n Annual survey of manufactures 2014 (revised), 2015 (new)
\n Monthly indicators of manufactures,
\n merchant wholesale trade, and retail trade 2014\u20132016 (revised)
\n Service annual survey 2014 and 2015 (revised), 2016 (new)
\n Annual surveys of state and local
\n government finances Fiscal year (FY) 2014 (revised), FY 2015 (new)<\/p>\n
Monthly survey of construction spending
\n (value put in place) 2014\u20132016 (revised)
\n Quarterly services survey 2014\u20132016 (revised)
\n Current population survey\/housing vacancy
\n survey 2014 and 2015 (revised), 2016 (new)<\/p>\n
Office of Management
\n and Budget Federal Budget Fiscal years 2016 and 2017<\/p>\n
Internal Revenue Service Tabulations of tax returns for corporations 2014 (revised), 2015 (new)
\n Tabulations of tax returns for sole
\n proprietorships and partnerships 2015 (new)<\/p>\n
BLS Quarterly census of employment and wages 2014\u20132016 ( revised)
\n Survey of occupational employment 2016 (new)<\/p>\n
Department of
\nAgriculture Farm statistics 2014\u20132016 (revised)<\/p>\n
BEA International transactions accounts 2014-2016 (revised)<\/p>\n
Changes in methodology and presentation<\/p>\n
The annual update also incorporated improvements to estimating methodologies and to the
\npresentation of the NIPA estimates, including the following:<\/p>\n
*\tEstimates for consumer spending incorporated improved allocations of industry-based retail
\n sales to consumer goods, including increased use of retail scanner data and the Census Bureau\u2019s
\n E-Commerce Report.<\/p>\n
*\tThe price index used to deflate fixed investment in prepackaged software is now based on a
\n more representative Bureau of Labor Statistics Producer Price Index (PPI). In the previously
\n published estimates, the BEA price for prepackaged software was based on the PPI for
\n \u201cApplication software publishing.\u201d Beginning with this annual update, BEA will use the PPI for
\n \u201cSoftware publishing, except games\u201d that includes both applications and systems software
\n publishing.<\/p>\n
*\tPublication of key source data and assumptions that are used to estimate quarterly GDP is
\n updated and accelerated. Beginning with this annual update, BEA will post this information with
\n each GDP release. (Previously, BEA released this information after the monthly personal income
\n and outlays release, usually the business day following the GDP release.) Certain monthly data
\n will continue to be released with the monthly personal income and outlays release. Because
\n quarterly key source data and assumptions will now be available on the day of the GDP release,
\n BEA will no longer publish Technical Note Table A.<\/p>\n
* * *<\/p>\n
Next release: August 30, 2017 at 8:30 A.M. EDT
\n Gross Domestic Product: Second Quarter 2017 (Second Estimate)
\n Corporate Profits: Second Quarter 2017 (Preliminary Estimate)<\/p>\n
* * *<\/p>\n
Additional Information<\/p>\n
Resources<\/p>\n
Additional resources available at www.bea.gov:
\n\u2022\tStay informed about BEA developments by reading the BEA blog, signing up for BEA\u2019s email
\n subscription service, or following BEA on Twitter @BEA_News.
\n\u2022\tHistorical time series for these estimates can be accessed in BEA\u2019s Interactive Data Application.
\n\u2022\tAccess BEA data by registering for BEA\u2019s Data Application Programming Interface (API).
\n\u2022\tFor more on BEA\u2019s statistics, see our monthly online journal, the Survey of Current Business.
\n\u2022\tBEA’s news release schedule
\n\u2022\tNIPA Handbook: Concepts and Methods of the U.S. National Income and Product Accounts<\/p>\n
Definitions<\/p>\n
Gross domestic product (GDP) is the value of the goods and services produced by the nation\u2019s economy
\nless the value of the goods and services used up in production. GDP is also equal to the sum of personal
\nconsumption expenditures, gross private domestic investment, net exports of goods and services, and
\ngovernment consumption expenditures and gross investment.<\/p>\n
Gross domestic income (GDI) is the sum of incomes earned and costs incurred in the production of GDP.
\nIn national economic accounting, GDP and GDI are conceptually equal. In practice, GDP and GDI differ
\nbecause they are constructed using largely independent source data. Real GDI is calculated by deflating
\ngross domestic income using the GDP price index as the deflator, and is therefore conceptually
\nequivalent to real GDP.<\/p>\n
Current-dollar estimates are valued in the prices of the period when the transactions occurred\u2014that is,
\nat \u201cmarket value.\u201d Also referred to as \u201cnominal estimates\u201d or as \u201ccurrent-price estimates.\u201d
\nReal values are inflation-adjusted estimates\u2014that is, estimates that exclude the effects of price changes.
\nThe gross domestic purchases price index measures the prices of final goods and services purchased by
\nU.S. residents.<\/p>\n
The personal consumption expenditure price index measures the prices paid for the goods and services
\npurchased by, or on the behalf of, \u201cpersons.\u201d<\/p>\n
Personal income is the income received by, or on behalf of, all persons from all sources: from
\nparticipation as laborers in production, from owning a home or business, from the ownership of
\nfinancial assets, and from government and business in the form of transfers. It includes income from
\ndomestic sources as well as the rest of world. It does not include realized or unrealized capital gains or
\nlosses.<\/p>\n
Disposable personal income is the income available to persons for spending or saving. It is equal to
\npersonal income less personal current taxes.<\/p>\n
Personal outlays is the sum of personal consumption expenditures, personal interest payments, and
\npersonal current transfer payments.<\/p>\n
Personal saving is personal income less personal outlays and personal current taxes.
\nThe personal saving rate is personal saving as a percentage of disposable personal income. (For a
\ncomparison of personal saving in BEA’s national income and product accounts (NIPAs) with personal
\nsaving in the Federal Reserve Board’s financial accounts of the United States, go to
\nwww.bea.gov\/national\/nipaweb\/nipa-frb.asp.<\/p>\n
Profits from current production, referred to as corporate profits with inventory valuation adjustment
\n(IVA) and capital consumption adjustment (CCAdj) in the NIPAs, is a measure of the net income of
\ncorporations before deducting income taxes that is consistent with the value of goods and services
\nmeasured in GDP. The IVA and CCAdj are adjustments that convert inventory withdrawals and
\ndepreciation of fixed assets reported on a tax-return, historical-cost basis to the current-cost economic
\nmeasures used in the national income and product accounts.<\/p>\n
For more definitions, see the Glossary: National Income and Product Accounts.<\/p>\n
Statistical conventions<\/p>\n
Annual rates. Quarterly values are expressed at seasonally-adjusted annual rates (SAAR), unless
\notherwise specified. Dollar changes are calculated as the difference between these SAAR values. For
\ndetail, see the FAQ \u201cWhy does BEA publish estimates at annual rates?\u201d<\/p>\n
Percent changes in quarterly series are calculated from unrounded data and are displayed at annual
\nrates, unless otherwise specified. For details, see the FAQ \u201cHow is average annual growth calculated?\u201d<\/p>\n
Quantities and prices. Quantities, or \u201creal\u201d volume measures, and prices are expressed as index
\nnumbers with a specified reference year equal to 100 (currently 2009). Quantity and price indexes are
\ncalculated using a Fisher-chained weighted formula that incorporates weights from two adjacent
\nperiods (quarters for quarterly data and annuals for annual data). \u201cReal\u201d dollar series are calculated by
\nmultiplying the published quantity index by the current dollar value in the reference year (2009) and
\nthen dividing by 100. Percent changes calculated from real quantity indexes and chained-dollar levels
\nare conceptually the same; any differences are due to rounding.<\/p>\n
Chained-dollar values are not additive because the relative weights for a given period differ from those
\nof the reference year. In tables that display chained-dollar values, a \u201cresidual\u201d line shows the difference
\nbetween the sum of detailed chained-dollar series and its corresponding aggregate.<\/p>\n
Updates to GDP<\/p>\n
BEA releases three vintages of the current quarterly estimate for GDP: “Advance” estimates are
\nreleased near the end of the first month following the end of the quarter and are based on source data
\nthat are incomplete or subject to further revision by the source agency; \u201csecond\u201d and \u201cthird\u201d estimates
\nare released near the end of the second and third months, respectively, and are based on more detailed
\nand more comprehensive data as they become available.<\/p>\n
Annual and comprehensive updates are typically released in late July. Annual updates generally cover at
\nleast the 3 most recent calendar years (and their associated quarters) and incorporate newly available
\nmajor annual source data as well as some changes in methods and definitions to improve the accounts.
\nComprehensive (or benchmark) updates are carried out at about 5-year intervals and incorporate major
\nperiodic source data, as well as major conceptual improvements.
\nThe table below shows the average revisions to the quarterly percent changes in real GDP between
\ndifferent estimate vintages, without regard to sign.<\/p>\n
Vintage Average Revision Without Regard to Sign
\n (percentage points, annual rates)
\nAdvance to second 0.5
\nAdvance to third 0.6
\nSecond to third 0.2
\nAdvance to latest 1.2
\nNote – Based on estimates from 1993 through 2014. For more information on GDP updates, see Revision
\nInformation on the BEA Web site.<\/p>\n
The larger average revision from the advance to the latest estimate reflects the fact that periodic
\ncomprehensive updates include major statistical and methodological improvements.<\/p>\n
Unlike GDP, an advance current quarterly estimate of GDI is not released because data on domestic
\nprofits and on net interest of domestic industries are not available. For fourth quarter estimates, these
\ndata are not available until the third estimate.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington, DC…Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent (revised). The Bureau emphasized that the second-quarter advance estimate released today is based […]<\/p>\n","protected":false},"author":1,"featured_media":42660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,149,5,1],"tags":[],"class_list":["post-42659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-financial","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2017\/07\/gdp2q17_adv_chart.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/42659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42659"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/42659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/42660"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}