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

Travel and Tourism Spending Accelerated in the Second Quarter of 2015

| The BEA Wire

Real spending (output) on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing 2.2 percent (revised) in the first quarter of 2015. Real gross domestic product (GDP) also accelerated, increasing 3.7 percent (second estimate) in the second quarter after increasing 0.6 percent.

Travel and Tourism Satellite Accounts, 2nd quarter 2015

| News Release

Real spending (output) on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing 2.2 percent (revised) in the first quarter of 2015. Real gross domestic product (GDP) also accelerated, increasing 3.7 percent (second estimate) in the second quarter after increasing 0.6 percent.

July 2015 Trade Gap is $41.9 Billion

| The BEA Wire

The U.S. monthly international trade deficit decreased in July 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.2 billion in June (revised) to $41.9 billion in July, as exports increased and imports decreased. The previously published June deficit was $43.8 billion. The goods deficit decreased $3.4 billion from June to $61.4 billion in July. The services surplus decreased less…

U.S. International Trade in Goods and Services, July 2015

| 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 JULY 2015 The U.S. Census Bureau and the U.S.

Gross Domestic Product by State, 1st Quarter of 2005 through 4th quarter of 2014 (prototype statistic)

| News Release

Today, the U.S. Bureau of Economic Analysis (BEA) is releasing prototype quarterly gross domestic product (GDP) by state statistics for 2005–2014. The quarterly GDP by state statistics are released for 21 industry sectors and are in both current and inflation-adjusted chained (2009) dollars.

Personal Income Rises in July

| The BEA Wire

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in July after increasing 0.4 percent in June.

Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July after increasing less than 0.1 percent in June. Spending on durable…

Personal Income and Outlays, July 2015

| News Release

Personal income increased $67.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $61.5 billion, or 0.5 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $37.4 billion, or 0.3 percent.

GDP Increases in Second Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 3.7 percent in the second quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 1.4 percentage points from the “advance” estimate released in July. In the first quarter, real GDP increased 0.6 percent.

GDP highlights The second-quarter increase in real GDP mainly reflected an increase in consumer spending. Spending on…

Gross Domestic Product, 2nd quarter 2015 (second estimate); Corporate Profits, 2nd quarter 2015 (preliminary estimate)

| News Release

Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 3.7 percent in the second quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6 percent. The GDP estimate released today…

BEA Conducts Survey of Financial Services; Information Used to Produce Economic Statistics that Inform Public

| The BEA Wire

BEA is conducting a survey that tracks transactions between U.S. financial services providers and foreign residents. Data from this survey will be used to produce international and national economic statistics that aid decision-making by businesses and policymakers and provide the American public with a deeper understanding of the United States’ trade relationships around the globe.

Here’s what potential filers need to know about the…