The BEA Wire | BEA's Official Blog

The U.S. monthly international trade deficit increased in April 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.3 billion in March (revised) to $49.4 billion in April, as exports decreased more than imports.

Personal income increased 10.5 percent (monthly rate) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income increased 12.9 percent and consumer spending decreased 13.6 percent.

Real gross domestic product (GDP) decreased 5.0 percent in the first quarter of 2020, according to the “second” estimate released by the Bureau of Economic Analysis. The change was 0.2 percentage point lower than the “advance” estimate released in April.

In June, BEA will speed up and expand our statistics on U.S. international trade in services, including adding detail on some of the most dynamic services, such as research and development, intellectual property, and financial services.

The percent change in real metropolitan area personal income ranged from 15.6 percent in Midland, TX to -1.1 percent in Sebring-Avon Park, FL.

The percent change in real state personal income ranged from 6.7 percent in Wyoming to 0.9 percent in Mississippi.

The U.S. monthly international trade deficit increased in March 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.8 billion in February (revised) to $44.4 billion in March, as exports decreased more than imports.

Personal income decreased 2.0 percent in March after increasing 0.6 percent in February. Wages and salaries, the largest component of personal income, decreased 3.1 percent in March after increasing 0.5 percent in February.  

Real gross domestic product (GDP) decreased 4.8 percent in the first quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent.

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia.

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

The U.S. monthly international trade deficit decreased in February 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.5 billion in January (revised) to $39.9 billion in February, as imports decreased more than exports.