The BEA Wire | BEA's Official Blog

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent.

Personal income decreased 2.7 percent while consumer spending increased 1.0 percent in August, according to estimates released today by the Bureau of Economic Analysis.

Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. The change was 0.3 percentage point higher than the “second” estimate released in August.

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$13.05 trillion at the end of the second quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA).

The Bureau of Economic Analysis on Monday released prototype annual estimates of gross domestic product for Puerto Rico for 2012 to 2018.

BEA will release – for the first time – prototype statistics showing gross domestic product and its components for Puerto Rico at 11 a.m. Eastern time on Monday, September 28.

State personal income increased 34.2 percent at an annual rate in the second quarter of 2020, an acceleration from the 4.1 percent increases in the first quarter.

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $59.0 billion, or 52.9 percent, to $170.5 billion in the second quarter of 2020.

BEA is speeding up by weeks the release of industry and state statistics that will provide a powerful tool for analyzing the second quarter’s rapid shifts in U.S. economic activity.

The U.S. monthly international trade deficit increased in July 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.5 billion in June (revised) to $63.6 billion in July, as imports increased more than exports.

Personal income increased 0.4 percent while consumer spending increased 1.9 percent in July, according to estimates released today by the Bureau of Economic Analysis.  

Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020, according to the “second” estimate released by the Bureau of Economic Analysis. The change was 1.2 percentage points higher than the “advance” estimate released in July.