Bureau of Economic Analysis

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, July 2023

Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July. Disposable personal income (DPI)—personal income less personal current taxes— increased $7.3 billion (less than 0.1 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $153.8 billion (0.8 percent) and consumer spending increased $144.6 billion (0.8 percent).

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Second Quarter 2023

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “second” estimate. In the first quarter, real GDP increased 2.0 percent. The increase in the second quarter primarily reflected increases in consumer spending and business investment that were partly offset by a decrease in exports. Imports, which are a subtraction in the calculation of GDP, decreased.

Activities of U.S Affiliates of Foreign Multinational Enterprises, 2021

Majority-owned U.S. affiliates of foreign multinational enterprises employed 7.94 million workers in the United States in 2021, a 2.9 percent increase from 7.71 million workers in 2020, according to the U.S. Bureau of Economic Analysis (BEA). These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2021.

June 2023 Trade Gap is $65.5 Billion

The U.S. goods and services trade deficit decreased from $68.3 billion in May (revised) to $65.5 billion in June, as imports decreased more than exports. The goods deficit decreased $2.8 billion to $88.2 billion, and the services surplus decreased less than $0.1 billion to $22.7 billion.