Bureau of Economic Analysis

The U.S. monthly international trade deficit increased in May 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.1 billion in April (revised) to $45.0 billion in May as exports decreased and imports increased. The previously published April deficit was $40.3 billion. The goods deficit increased $5.0 billion from April to $63.4 billion in May; the services surplus increased $0.2…

State personal income declined an average 1.2 percent in the first quarter of 2013 after growing 2.7 percent in the fourth quarter of 2012. Personal income declines ranged from 0.1 percent in Iowa to 2.5 percent in Wyoming. In contrast, personal income grew 1.6 percent in South Dakota, the only state with an increase in the first quarter. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 0.2…

WASHINGTON DC, June 28, 2013 - State personal income declined an average 1.2 percent in the first quarter of 2013 after growing 2.7 percent in the fourth quarter of 2012, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income declines ranged from 0.1 percent in Iowa to 2.5 percent in Wyoming. In contrast, personal income grew 1.6 percent in South Dakota, the only state with an increase in the first…

Personal income increased 0.5 percent in May after increasing 0.1 percent in April. Wages and salaries, the largest component of personal income, increased 0.3 percent in May after increasing 0.1 percent in April. Services industries’ payrolls accelerated. Good industries’ payrolls turned up.

Current-dollar disposable personal income (DPI),after-tax income, increased 0.5 percent in May after increasing 0.1 percent in April.

Personal income increased $69.4 billion, or 0.5 percent, and disposable personal income (DPI) increased $57.0 billion, or 0.5 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $29.0 billion, or 0.3 percent. In April, personal income increased $18.3 billion, or 0.1 percent, DPI increased $6.5 billion, or 0.1 percent, and PCE decreased $39.6 billion, or 0.3 percent, based on revised…

Real gross domestic product (GDP) increased 1.8 percent in the first quarter of 2013 after increasing 0.4 percent in the fourth quarter of 2012, according to the third estimate released by the Bureau of Economic Analysis. The first quarter growth rate was revised down 0.6 percentage point from the second estimate released in May.

GDP highlights

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.8 percent in the first quarter of 2013 (that is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 0.4 percent. The GDP estimate released today is based on…

The U.S. net international investment position was -$4,277.1 billion (preliminary) at the end of the first quarter of 2013 compared with -$3,863.9 billion (revised) at the end of the fourth quarter of 2012, as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.

The U.S. net international investment position was -$3,863.9 billion (revised) at the end of 2012 compared with -$3,730.6 billion (revised) at the end of 2011, as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.

Better data generated by a new government survey drove the large upward revisions in U.S. international investment position statistics released today that trimmed the United States’ investment deficit with the rest of the world between 2010 and 2012.

The Treasury Department and the Federal Reserve Board conducted the new survey called Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents (SLT), which includes…