The BEA Wire | BEA's Official Blog
Widespread Growth Across Metropolitan Areas
Real GDP increased in 282 of the nation’s 381 metropolitan areas in 2014, led by widespread growth in professional and business services; finance, insurance, real estate, rental, and leasing; and trade.
U.S. Current-Account Deficit Decreases in Second Quarter 2015
The U.S. current-account deficit—a net measure of transactions between the United States and the rest of the world in goods, services, primary income (investment income and compensation), and secondary income (current transfers)—decreased to $109.7 billion (preliminary) in the second quarter of 2015 from $118.3 billion (revised) in the first quarter of 2015. As a percentage of U.S. GDP, the deficit decreased to 2.5 percent from 2.7 percent.…
Travel and Tourism Spending Accelerated in the Second Quarter of 2015
Real spending (output) on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing 2.2 percent (revised) in the first quarter of 2015. Real gross domestic product (GDP) also accelerated, increasing 3.7 percent (second estimate) in the second quarter after increasing 0.6 percent.
July 2015 Trade Gap is $41.9 Billion
The U.S. monthly international trade deficit decreased in July 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.2 billion in June (revised) to $41.9 billion in July, as exports increased and imports decreased. The previously published June deficit was $43.8 billion. The goods deficit decreased $3.4 billion from June to $61.4 billion in July. The services surplus decreased less…
Personal Income Rises in July
Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in July after increasing 0.4 percent in June.
Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June.
Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July after increasing less than 0.1 percent in June. Spending on durable…
GDP Increases in Second Quarter
Real gross domestic product (GDP) increased 3.7 percent in the second quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 1.4 percentage points from the “advance” estimate released in July. In the first quarter, real GDP increased 0.6 percent.
GDP highlights The second-quarter increase in real GDP mainly reflected an increase in consumer spending. Spending on…
BEA Conducts Survey of Financial Services; Information Used to Produce Economic Statistics that Inform Public
BEA is conducting a survey that tracks transactions between U.S. financial services providers and foreign residents. Data from this survey will be used to produce international and national economic statistics that aid decision-making by businesses and policymakers and provide the American public with a deeper understanding of the United States’ trade relationships around the globe.
Here’s what potential filers need to know about the…
New Statistics on the Activities of U.S. Multinational Enterprises are Now Available
Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2013, including the finances and operations of U.S. parent companies and their foreign affiliates, are now available from the U.S. Bureau of Economic Analysis.
Health Care Statistics for 2011 and 2012 Now Available
The Bureau of Economic Analysis released today statistics providing information on health care spending and price trends in the United States for 2011 and 2012. On January 22, BEA for the first time released statistics showing how much is spent in the United States to treat different diseases and medical conditions as well as trends in health care prices for 2000 through 2010. The new data are available on BEA's website in section called the…
June 2015 Trade Gap is $43.8 Billion
The U.S. monthly international trade deficit increased in June 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.9 billion in May (revised) to $43.8 billion in June, as exports decreased and imports increased. The previously published May deficit was $41.9 billion. The goods deficit increased $2.9 billion from May to $63.5 billion in June. The services surplus decreased less…
Real Consumer Spending Flat in June
Personal income increased 0.4 percent in June and in May. Wages and salaries rose 0.2 percent in June after rising 0.4 percent May.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in June after rising 0.4 percent in May.
Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in June after increasing 0.1 percent in May.
Detailed Direct Investment Data for 2014 Now Available
Detailed statistics on U.S. direct investment abroad – or “outward direct investment”– and on foreign direct investment in the United States – or “inward direct investment” are now available on BEA’s website.