August 29, 2025

Personal Income and Outlays, July 2025

Personal income increased $112.3 billion (0.4 percent at a monthly rate) in July, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $93.9 billion (0.4 percent) and personal consumption expenditures (PCE) increased $108.9 billion (0.5 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $110.9 billion in July. Personal saving was $985.6 billion in July and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.4 percent.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (2nd)
+3.3%
Personal Income
July 2025
+0.4%
International Trade in Goods and Services
June 2025
-$60.2 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Gross Domestic Product, 4th quarter and annual 2016 (advance estimate)

| News Release

Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the fourth quarter of 2016 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.5 percent. The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see “Source Data…

Gross Domestic Product by Industry: Third Quarter 2016

| The BEA Wire

Finance and insurance; wholesale trade; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2016. Overall, 20 of 22 industry groups contributed to the 3.5 percent increase in real GDP in the third quarter.

Gross Domestic Product by Industry, 3rd quarter 2016

| News Release

Finance and insurance; wholesale trade; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2016. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 20 of 22 industry groups contributed to the overall 3.5 percent increase in real GDP in the third quarter.

BEA's API Expands Access to International Services Trade Data

| The BEA Wire

More good news for developers and other “power users” of BEA data: The most detailed data on U.S. international trade in services published by the Bureau of Economic Analysis are now accessible through our application programming interface, or API. This includes detailed annual statistics on U.S.

November 2016 Trade Gap is $45.2 Billion

| The BEA Wire

The U.S. monthly international trade deficit increased in November 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.4 billion in October (revised) to $45.2 billion in November, as exports decreased and imports increased. The previously published October deficit was $42.6 billion. The goods deficit increased $3.4 billion in November to $66.6 billion. The services surplus…

U.S. International Trade in Goods and Services, November 2016

| News Release

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 November 2016 The U.S. Census Bureau and the U.S.

U.S. Net International Investment Position Third Quarter 2016

| The BEA Wire

The U.S. net international investment position increased to −$7,781.1 billion (preliminary) at the end of the third quarter of 2016 from −$8,026.9 billion (revised) at the end of the second quarter.

U.S. International Investment Position, 3rd quarter 2016

| News Release

The U.S. net international investment position increased to -$7,781.1 billion (preliminary) at the end of the third quarter of 2016 from -$8,026.9 billion (revised) at the end of the second quarter, according to statistics released today by the Bureau of Economic Analysis (BEA). The $245.8 billion increase in the net investment position reflected a $346.2 billion increase in U.S. assets and a $100.5 billion increase in U.S.…

Looking Back at 2016 and Ahead to the New Year

| The BEA Wire

As BEA marches toward 2017, here are just a few highlights from 2016, part of continuous efforts to help businesses and the American public better understand the performance of the nation’s dynamic economy.

Consumer Spending Rises in November

| The BEA Wire

Personal income was unchanged in November after increasing 0.5 percent in October. Wages and salaries, the largest component of personal income, decreased 0.1 percent in November after increasing 0.5 percent in October.