August 9, 2012 | The BEA Wire
The U.S. monthly international trade deficit decreased in June 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.0 billion (revised) in May to $42.9 billion in June, as exports increased and imports decreased. The previously published May deficit was $48.7 billion. The goods deficit decreased $5.4 billion from May to $57.5 billion in June, and the services surplus decreased $0.3…
August 9, 2012 | News Release
July 31, 2012 | The BEA Wire
Personal income increased 0.5 percent in June after increasing 0.3 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.1 percent in May.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in June after increasing 0.3 percent in May.
Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in June…
July 31, 2012 | News Release
Personal income increased $61.8 billion, or 0.5 percent, and disposable personal income (DPI)
increased $52.4 billion, or 0.4 percent, in June, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) decreased $1.3 billion, or less than 0.1 percent. In May,
personal income increased $39.0 billion, or 0.3 percent, DPI increased $31.7 billion, or 0.3 percent,
and PCE decreased $13.3 billion, or 0.1 percent, based on…
July 27, 2012 | The BEA Wire
Real gross domestic product (GDP) rose 1.5 percent in the second quarter after rising 2.0 percent in the first quarter, according to the Bureau of Economic Analysis. According to the 2012 annual revision, the first-quarter growth rate was revised up 0.1 percentage point.
Real GDP second-quarter highlights
July 27, 2012 | News Release
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 1.5 percent in the second quarter of 2012,
(that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis.
July 23, 2012 | The BEA Wire
In late June, the Bureau of Economic Analysis (BEA) reported that the economy grew at a 1.9 percent annual rate in the first quarter of 2011. This, our third estimate for the quarter, turned out to be lower than our initial estimate of a 2.2 percent growth rate made in late April. When we revise a major economic indicator, it’s not unusual for some to ask us, “Why didn’t you get it right the first time?”
July 17, 2012 | The BEA Wire
In 2009, annual gross domestic product (GDP) for durable goods manufacturing showed a double-digit decline. The industry was the leading annual contributor to the bottoming out of the U.S. economy for that year. But looking at the results through a new experimental quarterly data series reveals a more nuanced and complete picture of what was happening in durable goods manufacturing. It shows that the decline in 2009 largely…
July 12, 2012 | The BEA Wire
New changes in the method of informing businesses about requirements for submitting Bureau of Economic Analysis (BEA) surveys will increase the efficiency of the process and reduce paperwork for both survey respondents and BEA. The new procedures involve the collection of data through BEA’s surveys of direct investment and international trade in services.
July 11, 2012 | The BEA Wire
The U.S. monthly international trade deficit decreased in May, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $50.6 billion (revised) in April to $48.7 billion in May, as imports decreased and exports increased. The previously published April deficit was $50.1 billion. The goods deficit decreased $1.6 billion from April to $63.5 billion in May, and the services surplus increased $0.3…
