Latest News from BEA
U.S. International Transactions, 1st quarter 2012
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—increased to $137.3 billion (preliminary) in the first quarter, from $118.7 billion (revised) in the fourth quarter. Most of the increase in the current-account deficit was accounted for by a decrease in the surplus on income and an increase in the deficit on goods and services. Full Text
Categories: Bureaus
U.S. International Trade in Goods and Services, April 2012 and 2011 annual revision
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce,announced today that total April exports of $182.9 billion and imports of $233.0 billion resultedin a goods and services deficit of $50.1 billion, down from $52.6 billion in March, revised. Aprilexports were $1.5 billion less than March exports of $184.4 billion. April imports were $4.1 billionless than March imports of $237.1 billion. Full Text
Categories: Bureaus
Gross Domestic Product by State, 2011 (advance estimate) and 1997-2010 (revised estimate)
Real gross domestic product (GDP) increased in 43 states and the District of Columbia in 2011, according to new statistics released today by the U.S. Bureau of Economic Analysis (BEA) that breakdown GDP by state. Durable-goods manufacturing, professional, scientific, and technical services, and information services were the leading contributors to real U.S. economic growth. U.S. real GDP by state grew 1.5 percent in 2011 after a 3.1 percent increase in 2010. Full Text
Categories: Bureaus
Personal Income and Outlays, April 2012
Personal income increased $31.7 billion, or 0.2 percent, and disposable personal income (DPI) increased $22.0 billion, or 0.2 percent, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $31.8 billion, or 0.3 percent. In March, personal income increased $52.2 billion, or 0.4 percent, DPI increased $45.9 billion, or 0.4 percent, and PCE increased $25.4 billion, or 0.2 percent, based on revised estimates. Full Text
Categories: Bureaus
Gross Domestic Product, 1st quarter 2012 (second estimate); Corporate Profits, 1st quarter 2012 (preliminary estimate)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.9 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent. Full Text
Categories: Bureaus
U.S. International Trade in Goods and Services, March 2012
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $186.8 billion and imports of $238.6 billion resulted in a goods and services deficit of $51.8 billion, up from $45.4 billion in February, revised. March exports were $5.3 billion more than February exports of $181.5 billion. March imports were $11.7 billion more than February imports of $226.9 billion. Full Text
Categories: Bureaus
Personal Income and Outlays, March 2012
Personal income increased $50.3 billion, or 0.4 percent, and disposable personal income (DPI) increased $42.5 billion, or 0.4 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $29.6 billion, or 0.3 percent. In February, personal income increased $39.6 billion, or 0.3 percent, DPI increased $29.4 billion, or 0.2 percent, and PCE increased $93.7 billion, or 0.9 percent, based on revised estimates. Full Text
Categories: Bureaus
Gross Domestic Product, 1st quarter 2012 (advance estimate)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent. Full Text
Categories: Bureaus
Gross Domestic Product by Industry, 2011
Durable-goods manufacturing, professional, scientific, and technical services, and information services were the leading contributors to U.S. economic growth in 2011, according to advance statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. Overall, 15 of 22 industry groups contributed to the 1.7 percent increase in real GDP. Full Text
Categories: Bureaus
Local Area Personal Income, 2008-2010
Among large counties (those with a population of at least 250,000), personal income grew 3.7 percent in 2010, equaling the growth rate for the nation. Personal income in small and medium-sized counties grew 3.9 percent and 3.6 percent respectively in 2010. Full Text
Categories: Bureaus
Summary Estimates for Multinational Companies, 2010
U.S. multinational companies: U.S. and foreign operations - Worldwide employment by U.S. multinational companies (MNCs) increased 0.5 percent in 2010, to 34.0 million workers, with increases in both the United States and abroad. Foreign multinational companies: U.S. operations - Employment in the United States by majority-owned U.S. affiliates of foreign MNCs decreased 1.0 percent in 2010, to 5.2 million workers, a rate of decrease slightly faster than the rate of decrease of total U.S. private industry employment in 2010. Full Text
Categories: Bureaus
U.S. International Trade in Goods and Services, February 2012
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total February exports of $181.2 billion and imports of $227.2 billion resulted in a goods and services deficit of $46.0 billion, down from $52.5 billion in January, revised. February exports were $0.2 billion more than January exports of $180.9 billion. February imports were $6.3 billion less than January imports of $233.4 billion. Full Text
Categories: Bureaus
Personal Income and Outlays, February 2012
Personal income increased $28.2 billion, or 0.2 percent, and disposable personal income (DPI)
increased $18.9 billion, or 0.2 percent, in February, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $86.0 billion, or 0.8 percent. In January,
personal income increased $26.5 billion, or 0.2 percent, DPI increased $5.0 billion, or less than 0.1
percent, and PCE increased $40.9 billion, or 0.4 percent, based on revised estimates. Full Text
Categories: Bureaus
State Personal Income, 1st quarter 2008-4th quarter 2011
State personal income rose an average 5.1 percent in 2011 after rising 3.7 percent in 2010, according to estimates released today by the U.S. Bureau of Economic Analysis. State personal income growth ranged from 3.4 percent in Maine to 8.1 percent in North Dakota. Inflation, as measured by the national price index for personal consumption expenditures, increased to 2.5 percent in 2011 from 1.8 percent in 2010.Full Text
Categories: Bureaus
Travel and Tourism Satellite Accounts, 4th quarter and annual 2011
Real spending on travel and tourism increased at an annual rate of 4.6 percent in the fourth quarter of 2011 after increasing 0.6 percent (revised) in the third quarter.Full Text
Categories: Bureaus
U.S. International Transactions, 4th Quarter and Year 2011
The U.S. current-account deficit—the combined balances on trade in goods and services,
income, and net unilateral current transfers—increased to $124.1 billion (preliminary) in the
fourth quarter of 2011, from $107.6 billion (revised) in the third quarter. Most of the
increase in the current-account deficit was due to a decrease in the surplus on income and an
increase in the deficit on goods and services. Full Text
Categories: Bureaus