The BEA Wire | BEA's Official Blog
U.S. Current-Account Deficit Decreases in Fourth Quarter 2013
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $81.1 billion (preliminary) in the fourth quarter of 2013 from $96.4 billion (revised) in the third quarter of 2013. As a percentage of U.S. GDP, the deficit decreased to 1.9 percent from 2.3 percent. The previously published current-account deficit for the third quarter was $94.8 billion.
Attention BEA Data Hounds: Our Interactive Tables Look a Little Different, But They Function the Same Way
Eagle-eyed folks using our interactive data tables have probably noticed they look a tad different.
Despite some differences in the way they look, BEA’s interactive data tables operate in the same way.
The changes are part of a BEA upgrade to the next generation of language used to create Web pages, called HTML5. This upgrade will make it easier for BEA to develop applications that are more robust and design Web…
New Statistics Will Provide More Timely Snapshot of How Industries are Performing
Want to know how much manufacturing contributed to U.S. economic growth in a given quarter? How about educational services?
For the first time, the Bureau of Economic Analysis (BEA) will soon start producing on a regular basis quarterly estimates of economic activity generated by 22 industries.
January 2014 Trade Gap is $39.1 Billion
The U.S. monthly international trade deficit increased in January 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.0 billion in December (revised) to $39.1 billion in January as imports increased more than exports. The previously published December deficit was $38.7 billion. The goods deficit increased $0.7 billion from December to $59.3 billion in January; the services surplus…
Real Consumer Spending Rises in January
Personal income increased 0.3 percent in January after remaining flat in December, in part reflecting increases in Medicaid and other government social benefits due to the Affordable Care Act (ACA). Excluding all special factors, personal income rose 0.2 percent in January, following a decrease of 0.1 percent in December.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in January after…
GDP Growth Decelerates in Fourth Quarter
Real gross domestic product (GDP) increased 2.4 percent in the fourth quarter of 2013, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.8 percentage point less than the “advance” estimate released in January. In the third quarter, the growth rate was 4.1 percent.
BEA Readies 2014 Rollout of New Economic Statistics
BEA is releasing several new statistical products this year, part of an ongoing effort to better measure the dynamic U.S. economy and give businesses, policymakers and ordinary Americans additional tools to make informed decisions. Each report will be released at 8:30 a.m. eastern time on the date indicated.
REAL PERSONAL INCOME FOR STATE AND METROPOLITAN AREAS
December 2013 Trade Gap is $38.7 Billion
The U.S. monthly international trade deficit increased in December 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $34.6 billion in November (revised) to $38.7 billion in December as exports decreased and imports increased. The previously published November deficit was $34.3 billion. The goods deficit increased $4.6 billion from November to $58.8 billion in December; the services…
Personal Income Remained Flat in December
Personal income remained flat in December after increasing 0.2 percent in November. Wages and salaries, the largest component of personal income, also remained flat after rising 0.5 percent.
Current-dollar disposable personal income (DPI), after-tax income, remained flat in December after increasing 0.1 percent in November.
Real DPI, income adjusted for taxes and inflation, decreased 0.2 percent in December…
GDP Growth Slows in Fourth Quarter
Real gross domestic product (GDP) increased 3.2 percent in the fourth quarter of 2013, according to the “advance” estimate released by the Bureau of Economic Analysis (BEA). In the third quarter, the growth rate was 4.1 percent. For the full year 2013, real GDP increased 1.9 percent, compared with 2.8 percent in 2012.
Widespread Growth Across Industries in 2012
Professional and business services; finance, insurance, real estate, rental, and leasing; mining; and manufacturing were the leading contributors to U.S. economic growth in 2012, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis.
November 2013 Trade Gap is $34.3 Billion
The U.S. monthly international trade deficit decreased in November 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $39.3 billion in October (revised) to $34.3 billion in November as exports increased and imports decreased. The previously published October deficit was $40.6 billion. The goods deficit decreased $4.9 billion from October to $53.9 billion in November; the services…