July 19, 2019

Gross Domestic Product by Industry: First Quarter 2019

Finance and insurance; retail trade; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the first quarter of 2019. Overall, 16 of 22 industry groups contributed to the 3.1 percent increase in real GDP in the first quarter.

Principal Federal Economic Indicators

Gross Domestic Product Q1 2019 +3.1%
Personal Income May 2019 +0.5%
International Trade in Goods & Services (Trade Balance) May 2019 -$55.5B
U.S. International Transactions (Current Account Balance) Q1 2019 -$130.4B

The BEA Wire | BEA's Official Blog

Gross Domestic Product by Industry: First Quarter 2019

July 19, 2019

Finance and insurance; retail trade; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the first quarter of 2019. Overall, 16 of 22 industry groups contributed to the 3.1 percent increase in real GDP in the first quarter.

Five Years of GDP Data Will Be Updated July 26

July 11, 2019

The U.S. Bureau of Economic Analysis is expanding our annual updates that bring the economic picture of previous years into sharper focus. Starting with the July 26 update, we’ll begin revisiting at least five years of national statistics, instead of three, each summer.

In these summer updates, we use newly available data to refine earlier estimates of the nation’s gross domestic product and related statistics. GDP is closely watched…

May 2019 Trade Gap is $55.5 Billion

July 3, 2019

The U.S. monthly international trade deficit increased in May 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $51.2 billion in April (revised) to $55.5 billion in May, as imports increased more than exports. The previously published April deficit was $50.8 billion. The goods deficit increased $4.4 billion in May to $76.1 billion. The services surplus increased $0.1 billion in May…

New Foreign Direct Investment in the United States, 2018

July 2, 2019

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion in 2018, up 8.7 percent from $272.8 billion in 2017.

Spending on Durable Goods Increases in May

June 28, 2019

Personal income increased 0.5 percent in May, the same increase as in April. Wages and salaries, the largest component of personal income, increased 0.2 percent in May after increasing 0.3 percent in April.

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