Bureau of Economic Analysis

The Bureau of Economic Analysis (BEA) will restore a portion of the statistical detail to its Local Area Personal Income (LAPI) program that had been eliminated due to sequestration and reduced funding levels in FY 2013.

In early May, BEA will release for 2001-2012 (1) local area employment statistics; (2) local area industry detail for compensation and earnings for 108 industries; (3) detail on farm income and expenses; (4) and…

Average state personal income growth slowed to 2.6 percent in 2013 from 4.2 percent in 2012, according to estimates released today by the U.S. Bureau of Economic Analysis. State personal income growth ranged from 1.5 percent in West Virginia to 7.6 percent in North Dakota, with every state growing more slowly in 2013 than in 2012. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 1.1 percent…

Steve Landefeld, Director of the U.S. Bureau of Economic Analysis, plans to retire in early May. Dr. Landefeld took the helm in May 1995 and in his 19 years as director was instrumental in implementing major changes aimed at better measuring the dynamic U.S. and world economies.

Under Dr. Landefeld’s leadership, the non-partisan BEA:

Real spending on travel and tourism accelerated in the fourth quarter of 2013, increasing at an annual rate of 4.2 percent after increasing 3.1 percent (revised) in the third quarter of 2013.

TRAVEL AND TOURISM SPENDING ACCELERATED IN THE FOURTH QUARTER OF 2013

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $81.1 billion (preliminary) in the fourth quarter of 2013 from $96.4 billion (revised) in the third quarter of 2013. As a percentage of U.S. GDP, the deficit decreased to 1.9 percent from 2.3 percent. The previously published current-account deficit for the third quarter was $94.8 billion.

Eagle-eyed folks using our interactive data tables have probably noticed they look a tad different.

Despite some differences in the way they look, BEA’s interactive data tables operate in the same way.

The changes are part of a BEA upgrade to the next generation of language used to create Web pages, called HTML5. This upgrade will make it easier for BEA to develop applications that are more robust and design Web…

Want to know how much manufacturing contributed to U.S. economic growth in a given quarter? How about educational services?

For the first time, the Bureau of Economic Analysis (BEA) will soon start producing on a regular basis quarterly estimates of economic activity generated by 22 industries.

The U.S. monthly international trade deficit increased in January 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.0 billion in December (revised) to $39.1 billion in January as imports increased more than exports. The previously published December deficit was $38.7 billion. The goods deficit increased $0.7 billion from December to $59.3 billion in January; the services surplus…