The BEA Wire | BEA's Official Blog
Real Consumer Spending Rises in January
Personal income increased 0.3 percent in January after remaining flat in December, in part reflecting increases in Medicaid and other government social benefits due to the Affordable Care Act (ACA). Excluding all special factors, personal income rose 0.2 percent in January, following a decrease of 0.1 percent in December.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in January after…
GDP Growth Decelerates in Fourth Quarter
Real gross domestic product (GDP) increased 2.4 percent in the fourth quarter of 2013, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.8 percentage point less than the “advance” estimate released in January. In the third quarter, the growth rate was 4.1 percent.
BEA Readies 2014 Rollout of New Economic Statistics
BEA is releasing several new statistical products this year, part of an ongoing effort to better measure the dynamic U.S. economy and give businesses, policymakers and ordinary Americans additional tools to make informed decisions. Each report will be released at 8:30 a.m. eastern time on the date indicated.
REAL PERSONAL INCOME FOR STATE AND METROPOLITAN AREAS
December 2013 Trade Gap is $38.7 Billion
The U.S. monthly international trade deficit increased in December 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $34.6 billion in November (revised) to $38.7 billion in December as exports decreased and imports increased. The previously published November deficit was $34.3 billion. The goods deficit increased $4.6 billion from November to $58.8 billion in December; the services…
Personal Income Remained Flat in December
Personal income remained flat in December after increasing 0.2 percent in November. Wages and salaries, the largest component of personal income, also remained flat after rising 0.5 percent.
Current-dollar disposable personal income (DPI), after-tax income, remained flat in December after increasing 0.1 percent in November.
Real DPI, income adjusted for taxes and inflation, decreased 0.2 percent in December…
GDP Growth Slows in Fourth Quarter
Real gross domestic product (GDP) increased 3.2 percent in the fourth quarter of 2013, according to the “advance” estimate released by the Bureau of Economic Analysis (BEA). In the third quarter, the growth rate was 4.1 percent. For the full year 2013, real GDP increased 1.9 percent, compared with 2.8 percent in 2012.
Widespread Growth Across Industries in 2012
Professional and business services; finance, insurance, real estate, rental, and leasing; mining; and manufacturing were the leading contributors to U.S. economic growth in 2012, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis.
November 2013 Trade Gap is $34.3 Billion
The U.S. monthly international trade deficit decreased in November 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $39.3 billion in October (revised) to $34.3 billion in November as exports increased and imports decreased. The previously published October deficit was $40.6 billion. The goods deficit decreased $4.9 billion from October to $53.9 billion in November; the services…
Value of Both Foreign Investments in the United States and U.S. Investments Abroad Increased in Third Quarter 2013
The U.S. net international investment position was –$4,165.6 billion (preliminary) at the end of the third quarter of 2013 as the value of foreign investments in the United States exceeded the value of U.S. investments abroad. At the end of the second quarter, the net position was –$4,455.0 billion (revised).
Consumer Spending Rises in November
Personal income increased 0.2 percent in November after decreasing 0.1 percent in October. Wages and salaries, the largest component of personal income, rose 0.4 percent after rising 0.1 percent.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.1 percent in November after decreasing 0.2 percent in October.
Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in November…
GDP Growth Accelerates in Third Quarter
Real gross domestic product (GDP) increased 4.1 percent in the third quarter of 2013, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.5 percentage point more than the “second” estimate released earlier this month. In the second quarter, the growth rate was 2.5 percent.
GDP highlights Inventory investment accelerated in the third quarter, accounting for about 40 percent of real GDP…
State Personal Income: Third Quarter 2013
State personal income growth slowed slightly to 1.1 percent in the third quarter of 2013, from 1.2 percent in the second quarter. Growth slowed in 25 states, accelerated in 22, and was unchanged in 3 states and the District of Columbia. Growth across states ranged from 0.4 percent in New Mexico to 1.9 percent in Mississippi. The national price index for personal consumption expenditures increased 0.5 percent in the third quarter after…