The U.S. monthly international trade deficit increased in September 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.8 billion in August (revised) to $43.5 billion in September, as imports increased more than exports.
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Gross Domestic Product by Industry: Second Quarter 2017 Annual Update: 2014 through First Quarter 2017
November 2, 2017
Mining; professional, scientific, and technical services; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the second quarter of 2017.
Consumer Spending Rises in September
October 30, 2017
Personal income increased 0.4 percent in September after increasing 0.2 percent in August. Wages and salaries, the largest component of personal income, increased 0.4 percent in September after increasing 0.1 percent in August.
GDP Increases in Third Quarter
October 27, 2017
Real gross domestic product (GDP) increased 3.0 percent in the third quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2017, real GDP increased 3.1 percent.
CNMI GDP Increases in 2016
October 15, 2017
Today, the Bureau of Economic Analysis is releasing estimates of gross domestic product for the Commonwealth of the Northern Mariana Islands for 2016, in addition to estimates of GDP by industry and compensation by industry for 2015.
August 2017 Trade Gap is $42.4 Billion
October 5, 2017
The U.S. monthly international trade deficit decreased in August 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.6 billion in July (revised) to $42.4 billion in August, as exports increased and imports decreased.
Personal Consumption Expenditures by State, 2016
October 4, 2017
State personal consumption expenditures (PCE) grew on average 4.0 percent in 2016, the same rate as in 2015. In 2016, PCE growth ranged from 0.2 percent in North Dakota to 6.2 percent in Utah.
Spending on Durable Goods Falls in August
September 29, 2017
Personal income increased 0.2 percent in August after increasing 0.3 percent in July. Wages and salaries, the largest component of personal income, was unchanged in August after increasing 0.5 percent in July.
GDP Increases in Second Quarter
September 28, 2017
Real gross domestic product (GDP) increased 3.1 percent in the second quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “second” estimate released in August.
State Personal Income, Second Quarter 2017
September 26, 2017
State personal income grew 0.7 percent on average in the second quarter of 2017, after increasing 1.4 percent in the first quart