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Wholesale trade; mining; and information were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2018. Overall, 15 of 22 industry groups contributed to the 2.2 percent increase in real GDP in the fourth quarter.
| Gross Domestic Product | Q4 2018 | +2.2% |
| Personal Income | February 2019 | +0.2% |
| International Trade in Goods & Services (Trade Balance) | February 2019 | -$49.4B |
| U.S. International Transactions (Current Account Balance) | Q4 2018 | -$134.4B |
Wholesale trade; mining; and information were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2018. Overall, 15 of 22 industry groups contributed to the 2.2 percent increase in real GDP in the fourth quarter.
The U.S. monthly international trade deficit decreased in February 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $51.1 billion in January (revised) to $49.4 billion in February, as exports increased more than imports. The previously published January deficit was $51.1 billion. The goods deficit decreased $1.2 billion in February to $72.0 billion. The services surplus increased $0… Read More
The digital economy accounted for 6.9 percent of the U.S. gross domestic product, or $1.35 trillion, in 2017, according to a new batch of statistics released by the Bureau of Economic Analysis.
How does that compare with traditional U.S. industries? The digital economy ranked just below professional, scientific, and technical… Read More
By the end of April, key national economic indicators will be on their original 2019 schedule, as the Bureau of Economic Analysis’ timetable of releases continues to recover from disruptions earlier in the year.
The advance, or first, estimate of gross domestic product for the first quarter will be released April 26 at 8:30 a.m., in accordance with BEA’s original calendar. The second and… Read More
The U.S. net international investment position decreased to −$9,717.1 billion (preliminary) at the end of the fourth quarter of 2018 from −$9,634.8 billion (revised) at the end of the third quarter. The $82.4 billion decrease reflected net financial transactions of −$199.2 billion and net other changes in position, such as price and exchange-rate changes, of $116.8 billion.
