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October Personal Income Statement from Commerce Department Chief Economist Mark Doms

Submitted on November 23, 2011 - 10:13am

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Washington, DC. The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for October 2011. Personal income rose 0.4 percent in October, exceeding private-sector forecasts of a 0.3 percent increase. Wages and salaries, the largest part of income, rose 0.5 percent. Real consumer spending edged up 0.1 percent, compared to expectations of a 0.3 percent rise. This followed a pickup of 0.5 percent in September, however.

Statement from Acting Deputy Commerce Secretary Rebecca Blank on U.S. International Trade in Goods and Services in September 2011

Submitted on November 10, 2011 - 12:56pm

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Economic Indicators

Acting Deputy Commerce Secretary Rebecca Blank issued the following statement today on the release of the September 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in September 2011 increased 1.4 percent from August 2011 to a record $180.4 billion. This month’s exports of goods ($129.3 billion) were the highest on record, with record exports in both industrial supplies and materials ($44.4 billion) and consumer goods ($15.4 billion). U.S. imports of goods and services also increased by a slight 0.3 percent to reach $223.5 billion, causing the U.S.