The BEA Wire | BEA's Official Blog
Health Care Statistics for 2011 and 2012 Now Available
The Bureau of Economic Analysis released today statistics providing information on health care spending and price trends in the United States for 2011 and 2012. On January 22, BEA for the first time released statistics showing how much is spent in the United States to treat different diseases and medical conditions as well as trends in health care prices for 2000 through 2010. The new data are available on BEA's website in section called the…
June 2015 Trade Gap is $43.8 Billion
The U.S. monthly international trade deficit increased in June 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.9 billion in May (revised) to $43.8 billion in June, as exports decreased and imports increased. The previously published May deficit was $41.9 billion. The goods deficit increased $2.9 billion from May to $63.5 billion in June. The services surplus decreased less…
Real Consumer Spending Flat in June
Personal income increased 0.4 percent in June and in May. Wages and salaries rose 0.2 percent in June after rising 0.4 percent May.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in June after rising 0.4 percent in May.
Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in June after increasing 0.1 percent in May.
Detailed Direct Investment Data for 2014 Now Available
Detailed statistics on U.S. direct investment abroad – or “outward direct investment”– and on foreign direct investment in the United States – or “inward direct investment” are now available on BEA’s website.
GDP Increases in Second Quarter
Real gross domestic product (GDP) increased 2.3 percent in the second quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6 percent (revised).
GDP highlights The second-quarter increase in real GDP mainly reflected an increase in consumer spending. Spending on both durable goods, notably motor vehicles and parts, and nondurable goods increased.…
Industry in Focus: Transportation and Warehousing
Transportation and warehousing is an industry that is important to everyone, whether you’re an individual flying home to visit family or a business expecting a shipment of raw materials. In the first quarter of 2015, transportation and warehousing subtracted 0.56 percentage point from real Gross Domestic Product, and was the largest contributor to the 0.2 percent decrease in GDP.
Nondurable Goods Manufacturing Led the Downturn in First Quarter Gross Domestic Product by Industry
A deceleration in nondurable goods manufacturing and downturns in both professional, scientific, and technical services and wholesale trade were the leading contributors to the downturn in U.S. economic growth in the first quarter of 2015. Overall, 15 of 22 industry groups contributed to the downturn in the first quarter.
Why Does BEA Revise GDP Estimates?
Each summer, the Bureau of Economic Analysis updates its Gross Domestic Product estimates to incorporate sources of data previously unavailable and make improvements in methodology –– all with the goal of providing the most accurate measure of the U.S. economy’s performance.
Coming Soon: Webinar for BE–10 Survey Respondents—What Private Funds Need to Know
Take part in a webinar, co-hosted by the U.S. Bureau of Economic Analysis and the Association for Corporate Growth, on Thursday, July 16, at 2 p.m., where you’ll receive an overview of the BE–10 Benchmark Survey of U.S. Direct Investment Abroad and learn more about how it applies to private funds.
BEA's API Expands Access to All Regional Data
Developers, your requests have been heard. All regional data from the Bureau of Economic Analysis are now accessible through our application programming interface, or API. This includes industry detail for certain estimates, back-year estimates under the SIC industry structure and every statistic currently available in our interactive data tables.
May 2015 Trade Gap is $41.9 Billion
The U.S. monthly international trade deficit increased in May 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.7 billion in April (revised) to $41.9 billion in May, as exports decreased more than imports. The previously published April deficit was $40.9 billion. The goods deficit increased $1.2 billion from April to $61.5 billion in May. The services surplus increased less than…
Real Personal Income for States, 2013
Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 2.0 percent in 2013. In 2013, the U.S. PCE price index grew 1.2 percent.