Bureau of Economic Analysis

Real estate and rental and leasing; mining; and durable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2017. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 13 of 22 industry groups contributed to the overall 1.4 percent increase in real GDP in the first quarter.

Upcoming in the Survey... Annual Update of the International Economic Accounts. A summary of the major sources of the revisions to these accounts for 2013–2016. Direct Investment Positions by Country and by Industry. A more detailed look at inward and outward direct investment in 2016. International Investment Position. A look at the positions at the end of 2016 and the first quarter of 2017. U.S.

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses were $373.4 billion in 2016, down $66.2 billion, or 15 percent, from $439.6 billion in 2015.

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $373.4 billion in 2016. Spending was down 15 percent from $439.6 billion in 2015, but was above the annual average of $350.0 billion for 2014-2015, and was well above the annual average of $226.0 billion for 2006-2008. As in previous years, expenditures to acquire existing businesses accounted for a large majority of the total.

The annual update of gross domestic product is coming soon. As it does every summer, the Bureau of Economic Analysis will revisit its earlier GDP estimates and other national data and make some changes. Does that mean the older numbers were wrong?

No, and here’s why:

A notice in the Federal Register on June 26 opened a 30-day period for public comment about the first-of-its-kind Outdoor Recreation Satellite Account.

The project is a collaboration with the Federal Recreation Council, a group of seven agencies that are prominent stewards of public lands and waters. It was authorized by the Outdoor Recreation Jobs and Impact Act of 2016.

The U.S. monthly international trade deficit decreased in May 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $47.6 billion in April (revised) to $46.5 billion in May, as exports increased and imports decreased. The previously published April deficit was $47.6 billion. The goods deficit decreased $0.9 billion in May to $67.5 billion. The services surplus increased $0.2 billion in…

Total May exports of $192.0 billion and imports of $238.5 billion resulted in a goods and services deficit of $46.5 billion.

The U.S. net international investment position increased to −$8,141.2 billion (preliminary) at the end of the first quarter of 2017 from −$8,318.4 billion (revised) at the end of the fourth quarter of 2016.*

Personal income increased 0.4 percent in May after increasing 0.3 percent in April. Personal dividend income increased 4.8 percent in May after increasing 0.4 percent in April.