The BEA Wire | BEA's Official Blog
Real Consumer Spending Increases in September
Personal income increased 0.1 percent in September, after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, remained flat in September after rising 0.5 percent in August.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.1 percent in September after increasing 0.4 percent in August.
Real DPI, income adjusted for taxes and inflation, increased…
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 1.5 percent in the third quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent.
GDP highlights The third-quarter increase in real GDP mainly reflected a rise in consumer spending. Spending on services increased, notably on health care. Spending on nondurable and durable goods also rose.
Guest Blog: Spending on Disease Treatment has Increased, but Good Health Outcomes Have Too
by Cynthia Cox Kaiser Family Foundation
(This post, from the Kaiser Family Foundation, is based on BEA’s new health care statistics released earlier this year.)
Coming Soon: Webinar for BE-180 Survey Respondents
The Bureau of Economic Analysis (BEA) will be conducting an informational webinar on Thursday, October 22, at 1 p.m., to discuss the BE-180 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign persons. Topics of discussion will include:
August 2015 Trade Gap is $48.3 Billion
The U.S. monthly international trade deficit increased in August 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.8 billion in July (revised) to $48.3 billion in August, as exports decreased and imports increased. The previously published July deficit was $41.9 billion. The goods deficit increased $6.6 billion from July to $67.9 billion in August. The services surplus increased…
BEA's Factory Factoids in Honor of Manufacturing Day
U.S. factories do their part to keep the U.S. economy humming. Did you know that manufacturing accounts for 12 percent of overall U.S. economic activity as measured by Gross Domestic Product? The Bureau of Economic Analysis produces a slew of economic statistics on how manufacturing and other U.S. industries are performing and impact the economy. Given that Oct.
State Personal Income: Second Quarter 2015
State personal income grew 0.9 percent on average in the second quarter of 2015, after growing 0.8 percent in the first quarter. Personal income grew in every state except Oklahoma in the second quarter. In the first quarter, personal income grew in 34 states. Second-quarter personal income growth rates ranged from zero in Oklahoma to 1.5 percent in the state of Washington.
For more information, read the full report.
Value of U.S. Liabilities Decreased More Than U.S. Assets in Second Quarter 2015
The U.S. net international investment position was -$6,688.3 billion (preliminary) at the end of the second quarter of 2015 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the first quarter of 2015, the net investment position was -$6,801.4 billion (revised).
Consumer Spending Rises in August
Personal income increased 0.3 percent in August, after increasing 0.5 percent in July. Wages and salaries, the largest component of personal income, rose 0.5 percent in August after rising 0.6 percent in July.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in August after increasing 0.5 percent in July.
Real DPI, income adjusted for taxes and inflation, increased 0.3…
Video Tutorials Now Available for BE-180 Survey Respondents; Webinar Coming Soon
BEA introduced two new video tutorials to assist potential filers of the BE-180 Benchmark Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons.
GDP Increases in Second Quarter
Real gross domestic product (GDP) increased 3.9 percent in the second quarter of 2015, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.2 percentage point from the “second” estimate released in August. In the first quarter, real GDP increased 0.6 percent.
Widespread Growth in the Far West Region
Real GDP expanded in 44 of the 52 MSAs wholly contained in this region. Professional scientific, and technical services contributed the most to growth in real GDP for the region. This region accounts for 20.4 percent of the nation’s current-dollar GDP in professional, scientific, and technical services. By contrast, mining restrained growth in the region’s GDP. Grants Pass, OR and Corvallis, OR experienced the largest upturns in real GDP…