January 30, 2014 | News Release
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 3.2 percent in the fourth quarter of 2013
(that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis.
January 23, 2014 | The BEA Wire
Professional and business services; finance, insurance, real estate, rental, and leasing; mining; and manufacturing were the leading contributors to U.S. economic growth in 2012, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis.
January 23, 2014 | News Release
Widespread Growth Across Industries in 2012
Revised Statistics of Gross Domestic Product by Industry for 1997-2012
January 7, 2014 | The BEA Wire
The U.S. monthly international trade deficit decreased in November 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $39.3 billion in October (revised) to $34.3 billion in November as exports increased and imports decreased. The previously published October deficit was $40.6 billion. The goods deficit decreased $4.9 billion from October to $53.9 billion in November; the services…
January 7, 2014 | News Release
December 30, 2013 | The BEA Wire
The U.S. net international investment position was –$4,165.6 billion (preliminary) at the end of the third quarter of 2013 as the value of foreign investments in the United States exceeded the value of U.S. investments abroad. At the end of the second quarter, the net position was –$4,455.0 billion (revised).
December 30, 2013 | News Release
The U.S. net international investment position at the end of the third quarter of 2013 was -$4,165.6 billion (preliminary) as the value of foreign investments in the United States exceeded the value of U.S. investments abroad (table 1). At the end of the second quarter, the U.S. net international investment position was -$4,455.0 billion (revised).
December 23, 2013 | The BEA Wire
Personal income increased 0.2 percent in November after decreasing 0.1 percent in October. Wages and salaries, the largest component of personal income, rose 0.4 percent after rising 0.1 percent.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.1 percent in November after decreasing 0.2 percent in October.
Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in November…
December 23, 2013 | News Release
Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income (DPI) increased
$16.2 billion, or 0.1 percent in November according to the Bureau of Economic Analysis. Personal consumption
expenditures (PCE) increased $63.0 billion, or 0.5 percent. In October, personal income decreased $11.7
billion, or 0.1 percent, DPI decreased $25.6 billion, or 0.2 percent, and PCE increased $44.2 billion,
or 0.4 percent, based on…
December 20, 2013 | The BEA Wire
Real gross domestic product (GDP) increased 4.1 percent in the third quarter of 2013, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.5 percentage point more than the “second” estimate released earlier this month. In the second quarter, the growth rate was 2.5 percent.
GDP highlights
Inventory investment accelerated in the third quarter, accounting for about 40 percent of real GDP…
