The BEA Wire | BEA's Official Blog

Real spending on travel and tourism slowed in the third quarter of 2012, increasing at an annual rate of 0.6 percent after increasing 2.2 percent in the second quarter.

How fast is the economy growing? How much output is produced by labor and capital supplied by the United States? What income is generated by production? BEA produces several different measures for tracking production and economic growth in the United States.

The U.S. monthly international trade deficit increased in October 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.3 billion (revised) in September to $42.2 billion in October, as exports decreased more than imports.

Personal income remained flat in October after increasing 0.4 percent in September. Wages and salaries decreased 0.2 percent in October after increasing 0.3 percent in September.

Real gross domestic product (GDP) increased 2.7 percent in the third quarter of 2012 after increasing 1.3 percent in the second quarter, according to estimates released today by the Bureau of Economic Analysis.

Personal income rose in 3,062 of the nation’s 3,113 counties in 2011, with growth ranging from 62.2 percent in King County, TX, to –28.8 percent in Lynn County, TX.

Personal income rose in 2011 in all of the nation’s 366 metropolitan statistical areas (MSAs) for the first time since 2007. Personal income growth ranged from 14.8 percent in Odessa, TX, to 1.0 percent in Rochester, MN.

Retail trade and durable goods manufacturing were the leading contributors to the deceleration in U.S. economic growth in 2011, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis.

What’s the foundation for many economic statistics both inside and outside the Bureau of Economic Analysis (BEA)? It’s something most people have never heard of, yet it is essential for finding out what’s going on inside the world’s largest economy.

The U.S. monthly international trade deficit decreased in September 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.

People who conduct or examine local or regional economic impact studies will want to read a new handbook that offers some dos and don’ts on using the Bureau of Economic Analysis (BEA) Regional Input-Output Modeling System (RIMS II).

Personal income increased 0.4 percent in September after increasing 0.1 percent in August. Wages and salaries, the largest component of personal income, increased 0.3 percent in September after increasing 0.1 percent in August.