Bureau of Economic Analysis
Principal Federal Economic Indicators
The BEA Wire | BEA's Official Blog
BEA’s first-ever measurement of the economic power of outdoor recreation, released in February, found that the industry’s contribution to the U.S. economy in 2016 was bigger than other industries like legal services or publishing. Soon people will learn even more about the economic value of outdoor pursuits like canoeing, hunting, RVing, and snowboarding.
The U.S. monthly international trade deficit increased in July 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.7 billion in June (revised) to $50.1 billion in July, as exports decreased and imports increased. The previously published June deficit was $46.3 billion. The goods deficit increased $4.2 billion in July to $73.1 billion. The services surplus decreased $0.1 billion in… Read More
Personal income increased 0.3 percent in July after increasing 0.4 percent in June. Wages and salaries, the largest component of personal income,increased 0.4 percent in July, the same increase as in June.
Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP increased 2.2 percent.