The BEA Wire | BEA's Official Blog
Personal Income Rises in December
Personal income increased 0.3 percent in December after increasing 0.1 percent in November. Wages and salaries, the largest component of personal income, increased 0.4 percent in December after decreasing 0.1 percent in November.
GDP Increases in Fourth Quarter
Real gross domestic product (GDP) increased 1.9 percent in the fourth quarter of 2016, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.5 percent.
Gross Domestic Product by Industry: Third Quarter 2016
Finance and insurance; wholesale trade; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2016. Overall, 20 of 22 industry groups contributed to the 3.5 percent increase in real GDP in the third quarter.
BEA's API Expands Access to International Services Trade Data
More good news for developers and other “power users” of BEA data: The most detailed data on U.S. international trade in services published by the Bureau of Economic Analysis are now accessible through our application programming interface, or API. This includes detailed annual statistics on U.S.
November 2016 Trade Gap is $45.2 Billion
The U.S. monthly international trade deficit increased in November 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.4 billion in October (revised) to $45.2 billion in November, as exports decreased and imports increased. The previously published October deficit was $42.6 billion. The goods deficit increased $3.4 billion in November to $66.6 billion. The services surplus…
U.S. Net International Investment Position Third Quarter 2016
The U.S. net international investment position increased to −$7,781.1 billion (preliminary) at the end of the third quarter of 2016 from −$8,026.9 billion (revised) at the end of the second quarter.
Looking Back at 2016 and Ahead to the New Year
As BEA marches toward 2017, here are just a few highlights from 2016, part of continuous efforts to help businesses and the American public better understand the performance of the nation’s dynamic economy.
Consumer Spending Rises in November
Personal income was unchanged in November after increasing 0.5 percent in October. Wages and salaries, the largest component of personal income, decreased 0.1 percent in November after increasing 0.5 percent in October.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2016, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “second” estimate released in November. In the second quarter, real GDP rose 1.4 percent.
State Personal Income: Third Quarter 2016
State personal income growth decelerated to 1.1 percent on average in the third quarter of 2016 from 1.2 percent in the second quarter. Personal income grew in every state in the second-quarter with growth rates ranging from 0.4 percent in Oklahoma to 1.4 percent in South Dakota.
New Statistics on the Activities of U.S. Multinational Enterprises are Now Available
Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2014, including the finances and operations of U.S. parent companies and their foreign affiliates, are now available from the U.S. Bureau of Economic Analysis.
U.S. Current-Account Deficit Decreases in Third Quarter 2016
The U.S. current-account deficit decreased to $113.0 billion (preliminary) in the third quarter of 2016 from $118.3 billion (revised) in the second quarter of 2016. As a percentage of U.S. GDP, the deficit decreased to 2.4 percent from 2.6 percent. The previously published current-account deficit for the second quarter was $119.9 billion.