June 30, 2014 | News Release
Comprehensive Restructuring of the U.S. International Economic Accounts
In this release, BEA presents the U.S. international investment position (IIP) statistics for the first quarter of 2014 along with historical revisions and detailed annual statistics for 2013. These statistics include changes in positions resulting from annual financial transactions and other changes in position such as price changes, exchange-rate-changes, and…
June 27, 2014 | The BEA Wire
Real spending on travel and tourism turned down in the first quarter of 2014, decreasing at an annual rate of 1.0 percent after increasing 4.5 percent (revised) in the fourth quarter of 2013. Growth in real gross domestic product (GDP) also experienced a down turn, decreasing 2.9 percent (third estimate) in the first quarter after increasing 2.6 percent in the fourth quarter.
June 27, 2014 | News Release
Travel and Tourism Spending Turned Down in the First Quarter of 2014
Real spending on travel and tourism turned down in the first quarter of 2014, decreasing at an annual rate of 1.0 percent after increasing 4.5 percent (revised) in the fourth quarter of 2013. Growth in real gross domestic product (GDP) also experienced a downturn, decreasing 2.9 percent (third estimate) in the first quarter after increasing 2.6 percent in the fourth…
June 26, 2014 | The BEA Wire
Personal income increased 0.4 percent in May after increasing 0.3 percent in April. Wages and salaries, the largest component of personal income, increased 0.4 percent after increasing 0.3 percent.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in May, the same increase as in April.
Real DPI, income adjusted for taxes and inflation, increased0.2percent in May, the same…
June 26, 2014 | News Release
Personal income increased $58.8 billion, or 0.4 percent, and disposable personal income (DPI) increased $55.6 billion,
or 0.4 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased
$18.3 billion, or 0.2 percent. In April, personal income increased $49.9 billion, or 0.3 percent, DPI increased
$50.8 billion, or 0.4 percent, and PCE increased $2.3 billion, or less than 0.1 percent, based…
June 25, 2014 | The BEA Wire
Real gross domestic product (GDP) decreased 2.9 percent in the first quarter of 2014, according to the “third” estimate released today by the Bureau of Economic Analysis. In the fourth quarter of 2013, real GDP increased 2.6 percent.
First-quarter highlights
The decline in real GDP was largely accounted for by significant declines in nonfarm inventory investment and in net exports.
In addition, state and local…
June 25, 2014 | The BEA Wire
Both outbound and inbound U.S. foreign direct investment continued to grow in 2013. The U.S. direct investment position abroad valued at historical cost increased to $4,660.9 billion from $4,384.7 billion in 2012. The foreign direct investment position in the United States valued at historical cost increased to $2,764.0 billion from $2,605.8 billion in 2012.
June 25, 2014 | News Release
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 2.9 percent in the first quarter of 2014
according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of
2013, real GDP increased 2.6 percent.
The GDP estimate released today is based on more complete source data than were available…
June 24, 2014 | The BEA Wire
State personal income increased 0.8 percent on average in the first quarter of 2014, an acceleration from the 0.5 percent growth in the fourth quarter of 2013. Personal income grew in 46 states and growth accelerated in 24 of those states. The fastest growth, 1.4 percent, was in Washington state, Vermont, and West Virginia. Personal income fell 2.9 percent in North Dakota, 0.3 percent in South Dakota, and 0.2 percent in Arkansas and Nebraska.
June 24, 2014 | News Release
State personal income increased 0.8 percent on average in the first quarter of 2014, an acceleration from the 0.5 percent growth in the fourth quarter of 2013, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income grew in 46 states and growth accelerated in 24 of those states. The fastest growth, 1.4 percent, was in Washington state, Vermont, and West Virginia. Personal income fell 2.9 percent in…
