The BEA Wire | BEA's Official Blog
How Do Prices Where I Live Compare With Other Parts of the Country?
A blog post from BEA Director Vipin Arora
An old boss of mine was fond of a BEA product that many of our users don’t know about—regional price parities (RPPs). He said regional price parities are BEA’s most underappreciated statistic.
BEA Updates Regional Economic Impact Tool
BEA's economic modeling tool that helps users analyze how a proposed project would ripple through a region's economy is now updated with new benchmark data.
Personal Income and Outlays, August 2023
Personal income increased $87.6 billion (0.4 percent at a monthly rate) in August. Disposable personal income (DPI)—personal income less personal current taxes— increased $46.6 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $86.0 billion (0.4 percent) and consumer spending increased $83.6 billion (0.4 percent). Personal…
Benchmark Updates of GDP and More Starting Sept. 28
For the first time, the Bureau of Economic Analysis will produce its benchmark updates of the nation’s gross domestic product and related industry and state statistics within the same timeframe. The updates will begin with initial results Sept. 28 and 29.
Previously, the benchmark updates of national, industry, and state data were conducted separately and spread over five months. Coordinating these statistics allows data users to…
Personal Income and Outlays, June 2023
Personal income increased $69.5 billion (0.3 percent at a monthly rate) in June. Disposable personal income (DPI)—personal income less personal current taxes— increased $67.5 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $109.4 billion (0.6 percent) and consumer spending increased $100.4 billion (0.5 percent). Personal saving…
Personal Income and Outlays, September 2022
Personal income increased $78.9 billion, or 0.4 percent at a monthly rate, while consumer spending increased $113.0 billion, or 0.6 percent, in September. The increase in personal income primarily reflected increases in compensation and personal income receipts on assets. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.1 percent in September, compared with 3.4 percent in August.
Personal Income and Outlays, April 2021
Personal income decreased $3.21 trillion, or 13.1 percent at a monthly rate, while consumer spending increased $80.3 billion, or 0.5 percent, in April. Economic impact payments established by the American Rescue Plan Act, declined sharply in April. In addition to presenting estimates for April 2021, these highlights provide comparisons to February 2020, the last month before the onset of the COVID-19 pandemic in the United States. For more…
Check Out the Buying Power in Your Metro Area
Interested in comparing buying power in your metropolitan area to another? Then, you’ll want to look at the Bureau of Economic Analysis’ latest batch of regional price indexes.
Some highlights from BEA’s recent news release, featuring our 2017 Regional Price Parities: