GDP Increases in Second Quarter

Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP increased 2.2 percent.

GDP highlights

Late BE-120 Filers Must File by Sept. 28

BEA will soon be mailing delinquency letters to businesses and others that have not submitted their responses to the 2017 BE-120 survey, the Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons.

American Samoa GDP Decreases in 2017

The Bureau of Economic Analysis released estimates of gross domestic product for American Samoa for 2017, in addition to estimates of GDP by industry and compensation by industry for 2016. These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.

Revised estimates of GDP for 2015 and 2016, as well as revised estimates of GDP by industry and…

Activities of U.S. Multinational Enterprises: 2016

Worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.3 million workers (preliminary) in 2016 from 42.1 million (revised) in 2015.  

SCB Article: Results of Seasonal Adjustment Project

With its 2018 comprehensive update of gross domestic product and related statistics, the Bureau of Economic Analysis completed a multiyear project to improve and modernize our seasonal adjustment practices.

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June 2018 Trade Gap is $46.3 Billion

The U.S. monthly international trade deficit increased in June 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.2 billion in May (revised) to $46.3 billion in June, as exports decreased and imports increased. The previously published May deficit was $43.1 billion. The goods deficit increased $3.1 billion in June to $68.8 billion. The services surplus decreased less than $0.1…

Real Disposable Income Rises in June

Personal income increased 0.4 percent in June, the same increase as in May. Wages and salaries, the largest component of personal income, increased 0.4 percent in June after increasing 0.3 percent in May.

Direct Investment by Country and Industry: 2017

The U.S. direct investment abroad position, or cumulative level of investment, increased $427.3 billion to $6,013.3 billion at the end of 2017 from $5,586.0 billion at the end of 2016. The increase mainly reflected a $243.6 billion increase in the position in Europe, primarily in Switzerland, the United Kingdom, Ireland, and the Netherlands. By industry, affiliates in manufacturing and holding companies accounted for the largest increases.

GDP Increases in Second Quarter

Real gross domestic product (GDP) increased 4.1 percent in the second quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent (revised).

BEA’s 15th Comprehensive Update Improves Measurement of the Economy

BEA has updated gross domestic product and related statistics covering the past five years, and in some cases reaching back decades, to reflect newly available source data; improved seasonal adjustment; innovations in measuring the prices of software, medical equipment, and cellphones; and more.