June 7, 2023 | The BEA Wire
The U.S. goods and services trade deficit increased from $60.6 billion in March (revised) to $74.6 billion in April, as exports decreased and imports increased. The goods deficit increased $14.5 billion to $96.1 billion, and the services surplus increased $0.6 billion to $21.6 billion.
May 31, 2023 | The BEA Wire
BEA Chief Economist Dennis Fixler was selected to receive the 2023 Julius Shiskin Memorial Award for Economic Statistics, which recognizes original and important contributions to statistics used to understand the economy.
May 26, 2023 | News Release
Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April. Disposable personal income (DPI) increased $79.4 billion (0.4 percent). Personal outlays increased $156.0 billion (0.8 percent) and consumer spending increased $151.7 billion (0.8 percent). Personal saving was $802.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.1 percent in April.
May 26, 2023 | The BEA Wire
Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April. Disposable personal income (DPI) increased $79.4 billion (0.4 percent). Personal outlays increased $156.0 billion (0.8 percent) and consumer spending increased $151.7 billion (0.8 percent). Personal saving was $802.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.1 percent in April.
May 25, 2023 | The BEA Wire
Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the "second" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.2 percentage point from the "advance" estimate, primarily reflecting an upward revision to inventory investment.
May 25, 2023 | News Release
Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the “second” estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.2 percentage point from the “advance” estimate, primarily reflecting an upward revision to inventory investment.
Profits decreased 5.1 percent at a quarterly rate in the first quarter…
May 22, 2023 | News Release
Real gross domestic product (GDP) for the U.S. Virgin Islands increased 2.8 percent in 2021 after decreasing 1.9 percent in 2020. The increase in real GDP reflected increases in exports and personal consumption expenditures. These increases were partly offset by decreases in private inventory investment, private fixed investment, and government spending. Imports, a subtraction item in the calculation of GDP, also decreased.
May 22, 2023 | The BEA Wire
Real gross domestic product (GDP) for the U.S. Virgin Islands increased 2.8 percent in 2021 after decreasing 1.9 percent in 2020, according to statistics released today by the U.S. Bureau of Economic Analysis.
The increase in real GDP reflected increases in exports and personal consumption expenditures. These increases were partly offset by decreases in private inventory investment, private fixed investment, and government spending.…
May 4, 2023 | The BEA Wire
The U.S. goods and services trade deficit decreased from $70.6 billion in February (revised) to $64.2 billion in March, as exports increased and imports decreased. The goods deficit decreased $6.4 billion to $86.6 billion, and the services surplus decreased less than $0.1 billion to $22.4 billion.
May 4, 2023 | News Release
The U.S. monthly international trade deficit decreased in March 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $70.6 billion in February (revised) to $64.2 billion in March as exports increased and imports decreased. The goods deficit decreased $6.4 billion in March to $86.6 billion. The services surplus decreased less than $0.1 billion in March to $22.4 billion.
