Bureau of Economic Analysis

Personal income increased $6.2 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $1.6 billion, or less than 0.1 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $53.4 billion, or 0.4 percent.

Real gross domestic product (GDP) increased 0.2 percent in the first quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2014, real GDP increased 2.2 percent. In the first quarter, the dollar strengthened against major currencies, imports and exports were delayed because of labor disputes in key ports, energy prices declined, and several regions experienced severe weather…

Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 0.2 percent in the first quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis.

Nondurable goods manufacturing was the leading contributor to U.S. economic growth in the fourth quarter of 2014. Both private goods- and services-producing sectors contributed to the increase, while the government sector decreased. Overall, 15 of 22 industry groups contributed to the 2.2 percent increase in real GDP.

Nondurable goods manufacturing; professional, scientific, and technical services; and mining were the leading contributors to U.S. economic growth in the fourth quarter of 2014, according to statistics on the breakout of GDP by industry released today by the Bureau of Economic Analysis (BEA). Both the private goods- and services-producing sectors contributed to the increase, while the government sector decreased. Overall, 15 of 22 industry…

When a disaster strikes, understanding the economic impact on the affected community is a key to developing a recovery plan. BEA’s regional input-output modeling, RIMS II, provides disaster recovery officials a tool to model the impact on an affected community.

The Economics and Statistics Administration’s family of statistical agencies – the Bureau of Economic Analysis (BEA) and U.S. Census Bureau – are announcing an important new initiative that will lead to an acceleration of key trade data as well as improved accuracy of the advance estimate of Gross Domestic Product (GDP). GDP is widely considered the most important measure of the U.S. economy.

The U.S. monthly international trade deficit decreased in February 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $42.7 billion in January (revised) to $35.4 billion in February, as imports decreased more than exports. The previously published January deficit was $41.8 billion. The goods deficit decreased $7.4 billion from January to $55.2 billion in February. The services surplus…

The Census Bureau’s plans to produce an advance monthly report on international trade in goods will allow the Bureau of Economic Analysis to incorporate three months of official trade data into its first estimate of quarterly Gross Domestic Product, helping to improve the accuracy of this major economic measure.

BEA Director Brian Moyer praised the move as an example of cross-agency collaboration.

U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES February 2015 The U.S. Census Bureau and the U.S.