The BEA Wire | BEA's Official Blog
Real Consumer Spending Rose in November
Personal income rose 0.4 percent in November after rising 0.3 percent in October. Wages and salaries, the largest component of personal income, rose 0.5 percent in November after rising 0.3 percent in October.
Current-dollar disposable personal income (DPI), after-tax income, rose 0.3 percent in November, the same increase as in October.
Real DPI, income adjusted for taxes and inflation, increased 0.5 percent in November…
State Personal Income: Third Quarter 2014
State personal income growth averaged 1.0 percent in the third quarter of 2014, down from 1.2 percent in the second quarter. Growth in personal income–the sum of net earnings by place of residence, property income, and personal current transfer receipts–slowed in 38 states and in the District of Columbia. The percent change across states ranged from -0.2 percent in South Dakota (the only state with a decline) to 1.4 percent in Texas.
Travel and Tourism Spending Decelerated in the Third Quarter of 2014
Real spending on travel and tourism decelerated in the third quarter of 2014, increasing at an annual rate of 1.3 percent after increasing 3.3 percent (revised) in the second quarter. Real gross domestic product (GDP) also decelerated, increasing 3.9 percent (second estimate) in the third quarter after increasing 4.6 percent.
U.S. Current-Account Deficit Increases in Third Quarter 2014
The U.S. current-account deficit — a net measure of transactions between the United States and the rest of the world in goods, services, primary income (investment income and compensation), and secondary income (current transfers) — increased to $100.3 billion (preliminary) in the third quarter of 2014 from $98.4 billion (revised) in the second quarter of 2014. As a percentage of U.S. GDP, the deficit remained at 2.3 percent. The…
Third Quarter 2014 State Personal Income Statistics to be Released Dec. 19
Preliminary statistics on people’s incomes by state in the third quarter of 2014 will be released Friday, Dec. 19 by the U.S. Bureau of Economic Analysis (BEA).
These state personal income statistics will provide BEA’s first look at state economies for the July-September quarter of 2014 and serve as a basis for government and business decision making. For example:
BEA Operational Improvements Enable Agency to Publish More Regional Economic Statistics
Operational improvements at the Bureau of Economic Analysis (BEA) mean the public will soon get to see more regional economic data. These improvements will safeguard businesses’ private information, while ensuring vital regional data is available to policy makers and other data users. BEA is constantly looking at ways to better provide the information that users need while protecting the confidentiality of employers’ records.
BEA Adds More Open Data to API
Developers, do you want to bring more detailed economic data to your next app? The Bureau of Economic Analysis (BEA) recently added several data sets to the application programming interface (API) we launched last year.
The API now provides direct access to the gross domestic product (GDP) underlying detail tables. Those tables contain a wealth of statistics, including how much consumers spend on hundreds of items like furnishings,…
October 2014 Trade Gap is $43.4 Billion
The U.S. monthly international trade deficit decreased in October 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.6 billion in September (revised) to $43.4 billion in October, as exports increased more than imports. The previously published September deficit was $43.0 billion. The goods deficit increased less than $0.1 billion from September to $62.7 billion in October. The…
Real Consumer Spending Increases in October
Personal income rose 0.2 percent in October, the same increase as in September. Wages and salaries, the largest component of personal income, rose 0.3 percent in October after rising 0.2 percent in September.
Current-dollar disposable personal income (DPI), after-tax income, rose 0.2 percent in October after rising 0.1 percent in September.
Real DPI, income adjusted for taxes and inflation, increased…
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 3.9 percent in the third quarter of 2014, according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent.
Third-quarter highlights The increase in GDP in the third quarter reflected the following:
BEA is Launching the Survey of New Foreign Direct Investment (BE-13)!
The BE-13 survey captures information about new investments made when a foreign investor establishes or acquires a U.S. business (either directly, or indirectly through a U.S. business it already owns) or expands an existing U.S. business.
The data collected in the survey will help in assessing the impact of foreign direct investment on the U.S. economy, in advising foreign investors seeking to invest in the United States, and in…
Activities of U.S. Affiliates of Foreign Multinational Enterprises in 2012
The Bureau of Economic Analysis (BEA) has released preliminary statistics on the activities of U.S. affiliates of foreign multinational enterprises (MNEs) in 2012. These statistics are based on the results of the 2012 Benchmark Survey of Foreign Direct Investment in the United States (“inward” direct investment.)
These statistics cover the finances and operations of U.S. affiliates of foreign MNEs—including balance sheet and income…