The BEA Wire | BEA's Official Blog
Travel and Tourism Spending Rises in the Third Quarter
Real spending (output) on travel and tourism accelerated in the third quarter of 2017, growing at an annual rate of 6.6 percent after increasing 6.0 percent (revised) in the second quarter, according to new statistics released by the Bureau of Economic Analysis.
October 2017 Trade Gap is $48.7 Billion
The U.S. monthly international trade deficit increased in October 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.9 billion in September (revised) to $48.7 billion in October, as exports decreased and imports increased. The previously published September deficit was $43.5 billion. The goods deficit increased $3.8 billion in October to $69.1 billion. The services surplus…
GDP for the U.S. Virgin Islands Increases in 2016
Today, the Bureau of Economic Analysis is releasing estimates of gross domestic product for the U.S. Virgin Islands for 2016, in addition to estimates of GDP by industry and compensation by industry for 2015. These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.
Real Disposable Personal Income Rises in October
Personal income increased 0.4 percent in October, the same increase as in September. Wages and salaries, the largest component of personal income, increased 0.3 percent in October after increasing 0.5 percent in September.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 3.3 percent in the third quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter of 2017, real GDP increased 3.1 percent.
New Statistics Available on Activities of U.S. Multinational Enterprises
The U.S. Bureau of Economic Analysis today released preliminary statistics on the worldwide activities of U.S. multinational enterprises and their foreign affiliates in 2015. These statistics offer details on the finances and operations of U.S.
September 2017 Trade Gap is $43.5 Billion
The U.S. monthly international trade deficit increased in September 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.8 billion in August (revised) to $43.5 billion in September, as imports increased more than exports. The previously published August deficit was $42.4 billion. The goods deficit increased $0.6 billion in September to $65.4 billion. The services surplus decreased $…
Gross Domestic Product by Industry: Second Quarter 2017 Annual Update: 2014 through First Quarter 2017
Mining; professional, scientific, and technical services; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the second quarter of 2017. Overall, 17 of 22 industry groups contributed to the 3.1 percent increase in real GDP in the second quarter.
Consumer Spending Rises in September
Personal income increased 0.4 percent in September after increasing 0.2 percent in August. Wages and salaries, the largest component of personal income, increased 0.4 percent in September after increasing 0.1 percent in August.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 3.0 percent in the third quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2017, real GDP increased 3.1 percent.
GDP highlightsThe increase in real GDP reflected increases in consumer spending, inventory investment, business investment, and exports. A notable offset to these increases was a decrease in housing…