December 05, 2024

U.S. International Trade in Goods and Services, October 2024

The U.S. monthly international trade deficit decreased in October 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $83.8 billion in September (revised) to $73.8 billion in October, as imports decreased more than exports. The goods deficit decreased $10.4 billion in October to $98.7 billion. The services surplus decreased $0.4 billion in October to $24.8 billion.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2024 (2nd)
+2.8%
Personal Income
October 2024
+0.6%
International Trade in Goods and Services
October 2024
-$73.8 B
International Transactions
Q2 2024
-$266.8 B

Noteworthy

The BEA Wire | BEA's Official Blog

October 2024 Trade Gap is $73.8 Billion

December 5, 2024

The U.S. goods and services trade deficit decreased from $83.8 billion in September (revised) to $73.8 billion in October, as imports decreased more than exports. The goods deficit decreased $10.4 billion to $98.7 billion, and the services surplus decreased $0.4 billion to $24.8 billion.

Personal Income and Outlays, October 2024

November 27, 2024

Personal income increased $147.4 billion (0.6 percent at a monthly rate) in October. Disposable personal income (DPI)—personal income less personal current taxes—increased $144.1 billion (0.7 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $69.8 billion (0.3 percent) and consumer spending increased $72.3 billion (0.4 percent). Personal…

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2024

November 27, 2024

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “second” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, federal government spending, and business investment. Imports, which are a subtraction in the calculation of GDP, increased.

Activities of U.S Affiliates of Foreign Multinational Enterprises, 2022

November 15, 2024

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.35 million workers in the United States in 2022, a 6.8 percent increase from 7.82 million workers in 2021, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2022.

September 2024 Trade Gap is $84.4 Billion

November 5, 2024

The U.S. goods and services trade deficit increased from $70.8 billion in August (revised) to $84.4 billion in September, as exports decreased and imports increased. The goods deficit increased $14.2 billion to $109.0 billion, and the services surplus increased $0.6 billion to $24.6 billion.