Bureau of Economic Analysis

Current Account Balance The U.S. current-account deficit decreased to $119.9 billion (preliminary) in the second quarter of 2016 from $131.8 billion (revised) in the first quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA).

Real Tourism Spending. Real spending on travel and tourism accelerated in the second quarter of 2016, increasing at an annual rate of 4.7 percent after increasing 1.2 percent (revised) in the first quarter, according to new statistics released by the Bureau of Economic Analysis.

Real spending (output) on travel and tourism accelerated in the second quarter of 2016, increasing at an annual rate of 4.7 percent after increasing 1.2 percent (revised) in the first quarter according to new statistics released by the Bureau of Economic Analysis. By comparison, real gross domestic product (GDP) increased 1.1 percent in the second quarter after increasing 0.8 percent in the first.

U.S. gross domestic product is among the world’s most closely watched numbers, an economic indicator that moves markets, makes headlines and affects countless government and private decisions.

The U.S. monthly international trade deficit decreased in July 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.7 billion in June (revised) to $39.5 billion in July, as exports increased and imports decreased. The previously published June deficit was $44.5 billion. The goods deficit decreased $5.3 billion in July to $60.3 billion. The services surplus decreased $0.1 billion in…

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 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 $39.5 billion in July, down $5.2 billion from $…

Personal income increased 0.4 percent in July after increasing 0.3 percent in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June.

Personal income increased $71.6 billion (0.4 percent) in July according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $60.1 billion (0.4 percent) and personal consumption expenditures (PCE) increased $42.0 billion (0.3 percent). Real DPI increased 0.4 percent in July and Real PCE increased 0.3 percent. The PCE price index was unchanged from June.

Real gross domestic product (GDP) increased 1.1 percent in the second quarter of 2016, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point less than the “advance” estimate released in July. In the first quarter, real GDP rose 0.8 percent.

Real gross domestic product increased at an annual rate of 1.1 percent in the second quarter of 2016 (table 1), according to the "second" 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 "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 1.2…