The BEA Wire | BEA's Official Blog
September 2017 Trade Gap is $43.5 Billion
The U.S. monthly international trade deficit increased in September 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.8 billion in August (revised) to $43.5 billion in September, as imports increased more than exports. The previously published August deficit was $42.4 billion. The goods deficit increased $0.6 billion in September to $65.4 billion. The services surplus decreased $…
Gross Domestic Product by Industry: Second Quarter 2017 Annual Update: 2014 through First Quarter 2017
Mining; professional, scientific, and technical services; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the second quarter of 2017. Overall, 17 of 22 industry groups contributed to the 3.1 percent increase in real GDP in the second quarter.
Consumer Spending Rises in September
Personal income increased 0.4 percent in September after increasing 0.2 percent in August. Wages and salaries, the largest component of personal income, increased 0.4 percent in September after increasing 0.1 percent in August.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 3.0 percent in the third quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2017, real GDP increased 3.1 percent.
GDP highlightsThe increase in real GDP reflected increases in consumer spending, inventory investment, business investment, and exports. A notable offset to these increases was a decrease in housing…
CNMI GDP Increases in 2016
Today, the Bureau of Economic Analysis is releasing estimates of gross domestic product for the Commonwealth of the Northern Mariana Islands for 2016, in addition to estimates of GDP by industry and compensation by industry for 2015. 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 2013 to 2015, as well…
August 2017 Trade Gap is $42.4 Billion
The U.S. monthly international trade deficit decreased in August 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.6 billion in July (revised) to $42.4 billion in August, as exports increased and imports decreased. The previously published July deficit was $43.7 billion. The goods deficit decreased $0.9 billion in August to $64.4 billion. The services surplus increased $0.3…
Personal Consumption Expenditures by State, 2016
State personal consumption expenditures (PCE) grew on average 4.0 percent in 2016, the same rate as in 2015. In 2016, PCE growth ranged from 0.2 percent in North Dakota to 6.2 percent in Utah.
Spending on Durable Goods Falls in August
Personal income increased 0.2 percent in August after increasing 0.3 percent in July. Wages and salaries, the largest component of personal income, was unchanged in August after increasing 0.5 percent in July.
GDP Increases in Second Quarter
Real gross domestic product (GDP) increased 3.1 percent in the second quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “second” estimate released in August. In the first quarter, real GDP increased 1.2 percent.
GDP highlightsThe second-quarter increase in real GDP reflected increases in consumer spending on goods and services as…
U.S. Net International Investment Position Second Quarter 2017
The U.S. net international investment position increased to −$7,934.9 billion (preliminary) at the end of the second quarter from −$8,091.6 billion (revised) at the end of the first quarter. The $156.7 billion increase reflected net financial transactions of –$107.5 billion and net other changes in position, such as price and exchange-rate changes, of $264.2 billion.
State Personal Income, Second Quarter 2017
State personal income grew 0.7 percent on average in the second quarter of 2017, after increasing 1.4 percent in the first quarter.