Bureau of Economic Analysis

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $43.1 billion in May, down $3.0 billion from $46.1 billion in April, revised.

After five years, it’s almost time for another comprehensive update of gross domestic product and related statistics – big events at BEA that can affect decades of data.

Personal income increased 0.4 percent in May after increasing 0.2 percent in April. Wages and salaries, the largest component of personal income, increased 0.3 percent in May, the same increase as in April.

Personal income increased $60.0 billion (0.4 percent) in May according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $63.2 billion (0.4 percent) and personal consumption expenditures (PCE) increased $27.8 billion (0.2 percent).

Real gross domestic product (GDP) increased 2.0 percent in the first quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.2 percentage point lower than the “second” estimate released last month. In the fourth quarter of 2017, real GDP increased 2.9 percent.

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2018 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.9 percent.

The U.S. net international investment position decreased to −$7,888.1 billion (preliminary) at the end of the first quarter of 2018 from −$7,725.0 billion (revised) at the end of the fourth quarter of 2017. The $163.1 billion decrease reflected net financial transactions of –$164.8 billion and net other changes in position, such as price and exchange-rate changes, of $1.7 billion.

The U.S. net international investment position decreased to −$7,888.1 billion (preliminary) at the end of the first quarter of 2018 from −$7,725.0 billion (revised) at the end of the fourth quarter of 2017. The $163.1 billion decrease reflected net financial transactions of –$164.8 billion and net other changes in position, such as price and exchange-rate changes, of $1.7 billion.

The U.S. net international investment position decreased to -$7,888.1 billion (preliminary) at the end of the first quarter of 2018 from -$7,725.0 billion (revised) at the end of the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The $163.1 billion decrease reflected a $182.8 billion decrease in U.S. assets and a $19.7 billion decrease in U.S. liabilities.

State personal income increased 4.3 percent at an annual rate in the first quarter of 2018, after increasing 4.7 percent in the fourth quarter of 2017. Personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 7.4 percent in Washington to 2.0 percent in Idaho.