Bureau of Economic Analysis

Real spending (output) on travel and tourism turned up in the first quarter of 2017, increasing at an annual rate of 0.4 percent after decreasing 2.7 percent (revised) in the fourth quarter of 2016, according to new statistics released by the Bureau of Economic Analysis. In contrast, real gross domestic product (GDP) for the nation decelerated, increasing 1.2 percent in the first quarter (second estimate) after increasing 2.1 percent in the…

Growth of real personal income for metropolitan areas — an area’s current-dollar personal income adjusted by its regional price parity (RPP) and the national personal consumption expenditure (PCE) price index — ranged from -10.1 percent in Midland, TX to 9.9 percent in Carson City, NV.

Growth of real state personal income — a state’s current-dollar personal income adjusted by the state’sregional price parity (RPP) and the national personal consumption expenditure (PCE) price index —ranged from -2.3 percent in North Dakota to 7.0 percent in Delaware.

Real state personal income grew on average 4.1 percent in 2015, after increasing 3.6 percent in 2014. Growth of real state personal income ranged from -2.3 percent in North Dakota to 7.0 percent in Delaware. Across metropolitan areas, growth ranged from -10.1 percent in Midland, TX to 9.9 percent in Carson City, NV.

Errata: Numbers in this blog have been corrected. Net U.S. borrowing from financial-account transactions now stands at $115.3 billion in the first quarter. Net U.S. incurrence of liabilities excluding financial derivatives is $395.0 billion.

ERRATA Tables 1 and 7 and relevant text in the "U.S. International Transactions: First Quarter 2017 and Annual Update" news release and corresponding statistics in the Interactive Tables were corrected on July 5, 2017. The corrections affect statistics for net U.S. incurrence of portfolio investment long-term debt liabilities and related aggregate statistics for the first quarter of 2017; related statistics for U.S.

The U.S. monthly international trade deficit increased in April 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.3 billion in March (revised) to $47.6 billion in April, as exports decreased and imports increased. The previously published March deficit was $43.7 billion. The goods deficit increased $2.3 billion in April to $68.4 billion. The services surplus decreased less than $…

Total April exports of $191.0 billion and imports of $238.6 billion resulted in a goods and services deficit of $47.6 billion.

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 Annual Revision for 2016 NOTICE Updates to Goods and Services In this release and in the…

Personal income increased 0.4 percent in April after increasing 0.2 percent in March. Wages and salaries, the largest component of personal income, increased 0.7 percent in April after remaining unchanged in March.