Bureau of Economic Analysis

U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce * Washington, D.C. 20230

U.S. International Trade in Goods and Services

Annual Revision for 2015

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 April 2016 The U.S. Census Bureau and the U.S.

The Bureau of Economic Analysis is moving ahead on the second phase of a three-pronged plan to refine its estimates of gross domestic product by reducing potential sources of “residual” seasonality.  That’s when seasonal patterns remain in data even after they are adjusted for seasonal variations.

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

Personal income increased $69.8 billion, or 0.4 percent, and disposable personal income (DPI) increased $63.5 billion, or 0.5 percent, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $119.2 billion, or 1.0 percent.

Real gross domestic product (GDP) increased 0.8 percent in the first quarter of 2016, according to the “second” estimate released today by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “advance” estimate released last month. In the fourth quarter of 2015, real GDP increased 1.4 percent.

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 0.8 percent in the first quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 1.4 percent. The GDP estimate released today…

The Bureau of Economic Analysis is constantly working with our data partners to make GDP — our signature measure of the ever-changing U.S. economy — even better. As part of that effort, our sister statistical agency, the U.S. Census Bureau, has committed to providing key data for GDP even faster.

Getting this crucial data faster will make the information used to calculate initial estimates of quarterly gross domestic product more…

The U.S. monthly international trade deficit decreased in March 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $47.0 billion in February (revised) to $40.4 billion in March, as imports decreased more than exports. The previously published February deficit was $47.1 billion. The goods deficit decreased $6.0 billion from February to $58.5 billion in March. The services surplus…

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 March 2016 The U.S. Census Bureau and the U.S.