Bureau of Economic Analysis

Real spending on travel and tourism turned up in the fourth quarter of 2012, increasing at an annual rate of 1.8 percent after decreasing 0.7 percent (revised) in the third quarter. By comparison, growth in real gross domestic product (GDP) increased 0.1 percent (second estimate) in the fourth quarter of 2012 after increasing 3.1 percent in the third quarter. For the year, real spending on travel and tourism increased 2.7 percent in 2012…

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—increased to $475.0 billion (preliminary) in 2012 from $465.9 billion in 2011. As a percentage of U.S. gross domestic product, the deficit decreased to 3.0 percent in 2012 from 3.1 percent in 2011.

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $110.4 billion (preliminary) in the fourth quarter of 2012 from $112.4 billion (revised) in the third quarter of 2012. As a percentage of U.S. gross domestic product, the deficit remained at 2.8 percent. The previously published current-account deficit for the third quarter was $107.5 billion.

Sarah Scott: (202) 606-9286   Paul W. Farello: (202) 606-9561 (Revisions) The U.S. current-account deficitthe combined balances on trade in goods and services, income, and net unilateral current transfersdecreased to $110.4 billion (preliminary) in the fourth quarter from $112.4 billion (revised) in the third quarter. The decrease in the current- account deficit was accounted for by increases in the surpluses on income and…

The U.S. monthly international trade deficit increased in January 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $38.1 billion (revised) in December to $44.4 billion in January, as imports increased and exports decreased. The previously published December deficit was $38.5 billion. The goods deficit increased $5.7 billion from December to $61.8 billion in January, and the…

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Personal income decreased 3.6 percent in January after increasing 2.6 percent in December, reflecting accelerated bonus payments and dividend distributions in December in anticipation of income tax rate changes.

Personal income decreased $505.5 billion, or 3.6 percent, and disposable personal income (DPI) decreased $491.4 billion, or 4.0 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $18.2 billion, or 0.2 percent. In December, personal income increased $353.4 billion, or 2.6 percent, DPI increased $325.7 billion, or 2.7 percent, and PCE increased $14.8 billion, or 0.1 percent, based…

Real gross domestic product (GDP) increased 0.1 percent in the fourth quarter of 2012 after increasing 3.1 percent in the third quarter, according to estimates released by the Bureau of Economic Analysis. The fourth-quarter growth rate was revised up 0.2 percentage point from the advance estimate released in January. Real GDP increased 2.2 percent in 2012 after increasing 1.8 percent in 2011.

Fourth-quarter highlights The following…

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 0.1 percent in the fourth quarter of 2012 (that is, from the third quarter to the fourth quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent. The GDP estimate released today is based…