Bureau of Economic Analysis

The U.S. monthly international trade deficit increased in August 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.5 billion in July (revised) to $40.7 billion in August, as imports increased more than exports. The previously published July deficit was $39.5 billion. The goods deficit decreased less than $0.1 billion in August to $60.3 billion. The services surplus decreased $1.2…

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 August 2016 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $40.7 billion in August, up $1.2 billion from $39.5 billion in July,…

Growth in state personal consumption expenditures (PCE) – the measure of goods and services purchased by or on behalf of households – decelerated to 3.6 percent in 2015 from 4.4 percent in 2014. In 2015, growth in PCE was largely concentrated in the Far West and Rocky Mountain regions.

Growth in state personal consumption expenditures (PCE) – the measure of goods and services purchased by or on behalf of households – decelerated to 3.6 percent on average in 2015 from 4.4 percent in 2014 (Table 1), according to statistics released today by the Bureau of Economic Analysis. In 2015, PCE growth ranged from 1.5 percent in Wyoming to 5.0 percent in Florida.

Personal income increased 0.2 percent in August after increasing 0.4 percent in July. Wages and salaries, the largest component of personal income, increased 0.1 percent in August after increasing 0.5 percent in July.

Personal income increased $39.3 billion (0.2 percent) in August according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $31.9 billion (0.2 percent) and personal consumption expenditures (PCE) increased $6.2 billion (less than 0.1 percent). Real DPI increased 0.1 percent in August and Real PCE decreased 0.1 percent. The PCE price index increased 0.1 percent.

Real gross domestic product (GDP) increased 1.4 percent in the second quarter of 2016, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “second” estimate released in August. In the first quarter, real GDP rose 0.8 percent.

Real gross domestic product increased at an annual rate of 1.4 percent in the second quarter of 2016 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 percent. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 1.1 percent.…

This is a guest blog by Justin Antonipillai – Counselor to Secretary Penny Pritzker, with the Delegated Duties of the Under Secretary for Economic Affairs

State personal income growth accelerated to 1.0 percent on average in the second quarter of 2016 from 0.3 percent in the first quarter. Personal income grew in every state in the second-quarter with growth rates ranging from 0.4 percent in Alaska to 1.4 percent in Utah.