The BEA Wire | BEA's Official Blog

A deceleration in nondurable goods manufacturing and downturns in both professional, scientific, and technical services and wholesale trade were the leading contributors to the downturn in U.S. economic growth in the first quarter of 2015.

Each summer, the Bureau of Economic Analysis updates its Gross Domestic Product estimates to incorporate sources of data previously unavailable and make improvements in methodology –– all with the goal of providing the most accurate measure of the U.S. economy’s performance.

Take part in a webinar, co-hosted by the U.S. Bureau of Economic Analysis and the Association for Corporate Growth, on Thursday, July 16, at 2 p.m., where you’ll receive an overview of the BE–10 Benchmark Survey of U.S.

Developers, your requests have been heard. All regional data from the Bureau of Economic Analysis are now accessible through our application programming interface, or API.

The U.S. monthly international trade deficit increased in May 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.7 billion in April (revised) to $41.9 billion in May, as exports decreased more than imports.

Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index.

Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index.

The U.S. net international investment position was -$6,794.0 billion (preliminary) at the end of the first quarter of 2015 as the value of U.S. liabilities exceeded the value of U.S .assets. At the end of the fourth quarter of 2014, the net investment position -$7,019.7 billion (revised).

The Bureau of Economic Analysis will publish real personal income statistics for the 50 states, the District of Columbia, and all metropolitan areas on Wednesday, July 1 at 8:30 a.m. eastern time.

Personal income increased 0.5 percent in May, the same increase as in April. Wages and salaries, the largest component of  personal income, rose 0.5 percent in May after rising 0.3 percent in April.

Real gross domestic product (GDP) decreased 0.2 percent in the first quarter of 2015, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.5 percentage point from the “second” estimate released in May.

Real spending (output) on travel and tourism decelerated in the first quarter of 2015, increasing at an annual rate of 2.0 percent after increasing 4.9 percent (revised) in the fourth quarter of 2014.  By comparison, real gross domestic product (GDP) turned down, decreasing 0.7 percent (seco