The BEA Wire | BEA's Official Blog
Local Area Personal Income: 2013
Personal income grew in 2013 in 2,695 counties, fell in 390, and was unchanged in 28. On average, personal income rose 2.0 percent in 2013 in the metropolitan portion of the United States and rose 2.1 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 5.3 percent and 4.4 percent, respectively, in 2012. The percent change from 2012 to 2013 in personal income ranged from -35.0 percent in Lamoure County,…
Guam's Economy Grew 0.6 Percent in 2013
Newly published estimates of gross domestic product for Guam show that real GDP – GDP adjusted to remove price changes – increased 0.6 percent in 2013.
New BEA Data Provide Entrepreneurs with a Fortune 500 Research Department
Is consumer spending growing faster in North Dakota or North Carolina? How do consumers in different regions respond to economic downturns? Which state has the fastest growing consumer market for motor vehicles?
Widespread Industry Growth Drives Upturn in GDP in Second Quarter
Widespread industry growth drove the U.S. economy’s second-quarter rebound, with 19 of the 22 industry groups tracked contributing 6.7 percentage points to real Gross Domestic Product. Finance, insurance, real estate, rental and leasing; manufacturing; and agriculture, forestry, fishing and hunting led the way.
Real GDP increased 4.6 percent in the second quarter, after decreasing 2.1 percent in the first quarter.
Northern Mariana Islands' Economy Grew 4.4 Percent in 2013
Newly published estimates of gross domestic product for the Commonwealth of the Northern Mariana Islands (CNMI) show that real GDP – GDP adjusted to remove price changes – increased 4.4 percent in 2013.
Widespread Growth Across Industries in Second Quarter 2014
Real gross domestic product (GDP) increased at an annual rate of 4.6 percent in the second quarter of 2014, after decreasing 2.1 percent in the first quarter. Both private goods- and services-producing industries contributed to the increase, while the government sector decreased.
September 2014 Trade Gap is $43.0 Billion
The U.S. monthly international trade deficit increased in September 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.0 billion in August (revised) to $43.0 billion in September, mainly reflecting a decrease in exports. The previously published August deficit was $40.1 billion. The goods deficit increased $2.4 billion from August to $62.7 billion in September; the services…
Consumer Spending Falls in September
Personal Income rose 0.2 percent in September after rising 0.3 percent in August. Wages and salaries, the largest component of personal income, rose 0.2 percent in September after rising 0.5 percent in August.
Current-dollar disposable personal income (DPI), after-tax income, rose 0.1 percent in September after rising 0.3 percent in August.
Real DPI, income adjusted for taxes and inflation, remained flat in…
GDP Growth Moderates in Third Quarter
Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2014, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent.
Third-quarter highlights The deceleration in GDP growth was more than accounted for by inventory investment, which detracted from growth in the third quarter after adding to it in the second quarter.…
Commerce Data: Then & Now
In July, Secretary of Commerce Penny Pritzker announced that our department will be hiring our first ever Chief Data Officer (CDO), building on her commitment to Commerce’s role as “America’s Data Agency.” She also announced the formation of a data advisory council comprising private sector leaders who will help the CDO navigate new and dynamic data challenges. This is the latest chapter in Commerce’s long history of adapting to serve the…
Detailed Statistics on Trade in Services Coming Soon
With the release of the October edition of the Survey of Current Business, the Bureau of Economic Analysis (BEA) will publish the most detailed tables on trade in services by type of service and by area and country. These data represent the final product related to the restructuring of BEA’s international accounts, the most sweeping revamp since 1976.
BEA Stats Offer Interesting Nuggets about U.S. Factories in Recognition of Manufacturing Day
Today is Manufacturing Day and that’s the perfect time to brush up on your factory factoids. Here are some data nuggets produced by the Bureau of Economic Analysis that might surprise you: