Bureau of Economic Analysis

The Bureau of Economic Analysis (BEA) updated its Regional Input-Output Modeling System (RIMS II), a tool used by investors, regional planners, and government officials to gauge the impact of a change in economic activity on a local community or a particular region of the country. The update incorporates new information from both BEA’s industry and regional economic accounts.

Personal income increased 0.1 percent in August, the same increase as in July.

Wages and salaries, the largest component of personal income, increased 0.1 percent in August after increasing 0.1 percent in July. Government social benefits to persons turned down in August.

Personal income increased $15.0 billion, or 0.1 percent, and disposable personal income (DPI) increased $12.5 billion, or 0.1 percent, inAugust, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $57.2 billion, or 0.5 percent. In July, personal income increased $18.5 billion, or 0.1 percent, DPI increased $15.4 billion, or 0.1 percent, and PCE increased $45.4 billion, or 0.4 percent, based on…

Real gross domestic product (GDP) rose 1.3 percent in the second quarter of 2012 after rising 2.0 percent in the first quarter, according to the third estimate released today by the Bureau of Economic Analysis. The second quarter growth rate was revised down from the second estimate released in August.

Second-quarter 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 1.3 percent in the second quarter of 2012 (that is, from the first quarter to the second quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. The GDP estimate released today is based on…

State personal income growth slowed to 1.0 percent in the second quarter of 2012 from 1.7 percent in the first quarter. Growth slowed in 39 states plus the District of Columbia, accelerated in 10, and was unchanged in Nevada. Personal income growth ranged from 2.1 percent in North Dakota to 0.4 percent in New Mexico. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 0.2 percent in the…

State personal income growth slowed to 1.0 percent in the second quarter of 2012, from 1.7 percent in the first quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Growth slowed in 39 states plus the District of Columbia, accelerated in 10, and was unchanged in Nevada. Personal income growth ranged from 2.1 percent in North Dakota to 0.4 percent in New Mexico. Inflation, as measured by the national price…

The economy of Guam grew 1.2 percent in 2010, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial and federal government spending, along with a shrinking territorial trade deficit.

GDP offers the most comprehensive picture of the territory’s economy. Although more timely indicators like the consumer price index, unemployment, and…

This release is available as a PDF download.

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S. gross domestic product, the deficit decreased to 3.0 percent from 3.5 percent. The previously published current-account deficit for the first quarter was $137…