Bureau of Economic Analysis

May 2008 Personal income increased $225.7 billion, or 1.9 percent, and disposable personal income (DPI) increased $600.3 billion, or 5.7 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $77.4 billion, or 0.8 percent.

The U.S. net international investment position at yearend 2007 was -$2,441.8 billion (preliminary), as the value of foreign investments in the United States continued to exceed the value of U.S. investments abroad (table 1). At yearend 2006, the U.S. net international investment position was -$2,225.8 billion (revised). The -$216.0 billion change in the U.S. net investment position from yearend 2006 to yearend 2007 reflected net…

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 1.0 percent in the first quarter of 2008 (that is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 0.6 percent. The GDP estimates released today are based on more…

U.S. personal income grew 1.1 percent in the first quarter of 2008, after growing 1.2 percent in the last quarter of 2007, according to estimates released today by the U.S. Bureau of Economic Analysis. Across states, personal income growth ranged from 7.6 percent in North Dakota to -1.9 percent in Arkansas.

QUARTERLY TOURISM ESTIMATES WILL NOT BE DISCONTINUED

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U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS

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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Thursday, June 5, 2008

Outlays by foreign direct investors to acquire or to establish U.S. businesses increased sharply in 2007 after also increasing strongly in 2006. Outlays reached $276.8 billion in 2007, the second largest recorded and the highest since 2000, when new investment outlays peaked at $335.6 billion.