GDP and the Economy: Final Estimates for the First Quarter of 2008
Real GDP increased 1.0 percent after increasing 0.6 percent in the fourth quarter. Consumer spending for services, exports, federal government spending, and inventory investment increased. In contrast, consumer spending for durable goods and housing investment decreased.
Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade for the First Quarter of 2008
These estimates, including estimates of inventories for manufacturing by stage of fabrication, have been updated.
The International Investment Position of the United States at Yearend 2007
The net international investment position was –$2,441.8 billion; it was –$2,225.8 billion at yearend 2006. The change was mainly due to strong foreign acquisitions of U.S. financial assets.
Direct Investment Positions for 2007: Country and Industry Detail
The historical-cost positions of both U.S. direct investment abroad and foreign direct investment in the United States increased 14 percent. In 2006, U.S. direct investment abroad increased 10 percent, and foreign direct investment in the United States increased 13 percent.
Annual Revision of the U.S. International Accounts, 1974–2007
Once a year, U.S. transactions and international investment position statistics are revised to incorporate updated data and various statistical improvements. The main improvements this year were in services and securities.
How BEA Aligns and Augments Source Data From the U.S. Treasury Department for Inclusion in the International Transactions Accounts
Once a year, estimates of financial-account flows in the international transactions accounts, which are based on Treasury Department data, are adjusted to align the estimates with balance-of-payments concepts and to close gaps in coverage.
U.S. International Transactions: First Quarter of 2008
The U.S. current-account deficit increased $9.1 billion to $176.4 billion, mainly reflecting a decrease in the surplus on income. In the financial account, net financial inflows decreased $89.1 billion to $124.3 billion.
Gross Domestic Product by State: Advance Estimates for 2007 and Revised Estimates for 2004–2006
Economic growth slowed in 36 states in 2007. Contractions in construction and in finance and insurance restrained growth in many states.
State Personal Income: First Quarter of 2008
Growth ranged from 7.6 percent in North Dakota to –1.9 percent in Arkansas. Nationally, personal income grew 1.1 percent, compared with 1.2 percent in the fourth quarter.
Upcoming in the Survey...
Annual Revision of the National Income and Product Accounts. The effects of the revision on GDP, the principal sources of the revisions, and an extensive set of NIPA tables.