The BEA Wire | BEA's Official Blog

Real gross domestic product (GDP) increased 1.4 percent in the first quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.2 percentage point higher than the “second” estimate released last month.

Errata: The numbers in this blog no longer stand.

The U.S. net international investment position decreased to −$8,318.4 billion (revised) at the end of 2016 from −$7,493.5 billion (revised) at the end of 2015.

State personal income growth accelerated to 1.0 percent on average in the first quarter of 2017 from 0.3 percent in the fourth quarter of 2016. Earnings and personal current transfer receipts were the leading contributors to growth for the nation and in most states.

Real spending (output) on travel and tourism turned up in the first quarter of 2017, increasing at an annual rate of 0.4 percent after decreasing 2.7 percent (revised) in the fourth quarter of 2016, according to new statistics released by the Bureau of Economic Analysis.

Real spending (output) on travel and tourism turned up in the first quarter of 2017, increasing at an annual rate of 0.4 percent after decreasing 2.7 percent (revised) in the fourth quarter of 2016, according to new statistics released by the Bureau of Economic Analysis.

Growth of real personal income for metropolitan areas — an area’s current-dollar personal income adjusted by its regional price parity (RPP) and the national personal consumption expenditure (PCE) price index — ranged from -10.1 percent in Midland, TX to 9.9 percent in Carson City, NV.

Growth of real state personal income — a state’s current-dollar personal income adjusted by the state’sregional price parity (RPP) and the national personal consumption expenditure (PCE) price index —ranged from -2.3 percent in North Dakota to 7.0 percent in Delaware.

Errata: Numbers in this blog have been corrected. Net U.S. borrowing from financial-account transactions now stands at $115.3 billion in the first quarter. Net U.S.

The U.S. monthly international trade deficit increased in April 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.3 billion in March (revised) to $47.6 billion in April, as exports decreased and imports increased.

Personal income increased 0.4 percent in April after increasing 0.2 percent in March. Wages and salaries, the largest component of personal income, increased 0.7 percent in April after remaining unchanged in March.