December 06, 2018

U.S. International Trade in Goods and Services, October 2018

The U.S. monthly international trade deficit increased in October 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.6 billion in September (revised) to $55.5 billion in October, as exports decreased and imports increased. The previously published September deficit was $54.0 billion. The goods deficit increased $0.9 billion in October to $78.1 billion. The services surplus decreased $0.1 billion in October to $22.6 billion.

Principal Federal Economic Indicators

Gross Domestic Product Q3 2018 +3.5%
Personal Income October 2018 +0.5%
International Trade in Goods & Services (Trade Balance) October 2018 -$55.5B
U.S. International Transactions (Current Account Balance) Q2 2018 -$101.5B

The BEA Wire | BEA's Official Blog

October 2018 Trade Gap is $55.5 Billion

December 6, 2018

The U.S. monthly international trade deficit increased in October 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.6 billion in September (revised) to $55.5 billion in October, as exports decreased and imports increased. The previously published September deficit was $54.0 billion. The goods deficit increased $0.9 billion in October to $78.1 billion. The services surplus… Read More

First County GDP Numbers Coming Soon

December 3, 2018

The U.S. Bureau of Economic Analysis on Dec. 12 will provide an unprecedented look at the size and growth of more than 3,000 county economies across the nation.

Comprehensive Update of Industry Accounts Now Available

November 30, 2018

The U.S. Bureau of Economic Analysis has released a comprehensive update of its industry statistics, including improvements that reflect the evolving U.S. economy, update the benchmark year, and provide more detailed annual and quarterly data.

Real Consumer Spending Rises in October

November 29, 2018

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

Read More

GDP Increases in Third Quarter

November 28, 2018

Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “advance” estimate released in October. In the second quarter, real GDP increased 4.2 percent.

GDP highlights
The increase in real GDP reflected increases in consumer spending, inventory investment, government… Read More

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