Consumer Spending Rises in August

Personal income increased 0.3 percent in August, after increasing 0.5 percent in July. Wages and salaries, the largest component of personal income, rose 0.5 percent in August after rising 0.6 percent in July.

Video Tutorials Now Available for BE-180 Survey Respondents; Webinar Coming Soon

BEA introduced two new video tutorials to assist potential filers of the BE-180 Benchmark Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons.

GDP Increases in Second Quarter

Real gross domestic product (GDP) increased 3.9 percent in the second quarter of 2015, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.2 percentage point from the “second” estimate released in August.

Widespread Growth in the Far West Region

Real GDP expanded in 44 of the 52 MSAs wholly contained in this region. Professional scientific, and technical services contributed the most to growth in real GDP for the region.

Widespread Growth Across Metropolitan Areas

Real GDP increased in 282 of the nation’s 381 metropolitan areas in 2014, led by widespread growth in professional and business services; finance, insurance, real estate, rental, and leasing; and trade.

Travel and Tourism Spending Accelerated in the Second Quarter of 2015

Real spending (output) on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing 2.2 percent (revised) in the first quarter of 2015.

July 2015 Trade Gap is $41.9 Billion

The U.S. monthly international trade deficit decreased in July 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.2 billion in June (revised) to $41.9 billion in July, as exports increased and imports decreased.

Personal Income Rises in July

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in July after increasing 0.4 percent in June.

GDP Increases in Second Quarter

Real gross domestic product (GDP) increased 3.7 percent in the second quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 1.4 percentage points from the “advance” estimate released in July.

BEA Conducts Survey of Financial Services; Information Used to Produce Economic Statistics that Inform Public

BEA is conducting a survey that tracks transactions between U.S. financial services providers and foreign residents.

New Statistics on the Activities of U.S. Multinational Enterprises are Now Available

Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2013, including the finances and operations of U.S. parent companies and their foreign affiliates, are now available from the U.S. Bureau of Economic Analysis.