Personal income increased 0.3 percent in April after increasing 0.5 percent in March. Wages and salaries, the largest component of personal income, increased 0.2 percent after increasing 0.6 percent.
The BEA Wire | BEA's Official Blog
GDP Declines in First Quarter
May 29, 2014
Real gross domestic product (GDP) decreased 1.0 percent in the first quarter of 2014, according to the “second” estimate released today by the Bureau of Economic Analysis. In the fourth quarter of 2013, real GDP increased 2.6 percent.
Restructured International Accounts to Offer More Detailed Look at U.S. Trade and Investment
May 7, 2014
In June, BEA’s international data will be most significant restructuring of BEA’s international data since 1976.
March 2014 Trade Gap Is $40.4 Billion
May 6, 2014
The U.S. monthly international trade deficit decreased in March 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $41.9 billion in February (revised) to $40.4 billion in March as exports increased more than imports.
BEA Restores Local Economic Statistics That Were Eliminated Due to 2013 Budget Sequester
May 5, 2014
On May 5th, the Bureau of Economic Analysis (BEA) restored detailed estimates on employment, farm income and expenses, and personal current transfer receipts as well as expanded industrial detail for compensation and earning for 108 industries to its Local Area Personal Income (LAPI) p
Real Consumer Spending Rises in March
May 1, 2014
Personal income increased 0.5 percent in March after increasing 0.4 percent in February. Wages and salaries, the largest component of personal income, increased 0.6 percent after increasing 0.3 percent.
GDP Growth Slows in First Quarter
April 30, 2014
Real gross domestic product (GDP) increased 0.1 percent in the first quarter of 2014, according to the “advance” estimate released today by the Bureau of Economic Analysis. In the fourth quarter of 2013, the growth rate was 2.6 percent.
New Quarterly Statistics Detail Industries' Economic Performance
April 25, 2014
The Bureau of Economic Analysis released today – for the first time – gross domestic product (GDP) by industry for 22 industry sectors on a quarterly basis. These new statistics fill an important gap in U.S.
New Commerce Data Supports Better Economic Decision-Making by Businesses and Policymakers
April 25, 2014
This week, the Commerce Department’s Bureau of Economic Analysis (BEA) released two new data products that will help American businesses, consumers, policymakers and academia gain important information about the performance of the U.S. economy.
New BEA Data Proves Valuable for Retail Industry
April 25, 2014
Guest blog post by Jack Kleinhenz, Ph.D., Chief Economist, National Retail Federation
BEA Introduces New Measures of the Regional Economy—Estimates of Real Personal Income for States, 2008–2012
April 24, 2014
Today, the U.S. Bureau of Economic Analysis released real, price-adjusted estimates of personal income for states and metropolitan areas for 2008-2012. The price-adjustments are based on regional price parities (RPPs) and on BEA’s national Personal Consumption Expenditure (PCE) price index.
BEA Introduces New Measures of the Regional Economy—Estimates of Real Personal Income for Metropolitan Areas, 2008–2012
April 24, 2014
Today, the U.S. Bureau of Economic Analysis released real, price-adjusted estimates of personal income for states and metropolitan areas for 2008-2012. The price-adjustments are based on regional price parities (RPPs) and on BEA’s national Personal Consumption Expenditure (PCE) price index.