Bureau of Economic Analysis

Personal income increased 0.6 percent in November after increasing 0.1 percent in October. Wages and salaries increased 0.6 percent in November after decreasing 0.3 percent in October. The October decrease reflected work interruptions caused by Hurricane Sandy, which reduced wages and salaries by 0.3 percent.

Personal income increased $85.8 billion, or 0.6 percent, and disposable personal income (DPI) increased $74.7 billion, or 0.6 percent, in November, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $41.3 billion, or 0.4 percent. In October, personal income increased $7.5 billion, or 0.1 percent, DPI increased $6.4 billion, or 0.1 percent, and PCE decreased $6.6 billion, or 0.1 percent, based on…

Real gross domestic product (GDP) increased 3.1 percent in the third quarter of 2012 after increasing 1.3 percent in the second quarter, according to estimates released by the Bureau of Economic Analysis. The third-quarter growth rate was revised up 0.4 percentage point from the second estimate released in November.

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

State personal income growth slowed to 0.5 percent in the third quarter of 2012 from 0.7 percent in the second quarter. Growth slowed in 34 states, accelerated in 11, and was unchanged in 5. Growth across states ranged from 1.4 percent in North Dakota to –1.6 percent in South Dakota. Inflation, as measured by the national price index for personal consumption expenditures, accelerated to 0.4 percent in the third quarter from 0.2 percent in the…

WASHINGTON DC, December 19, 2012 – State personal income growth slowed to 0.5 percent in the third quarter of 2012, from 0.7 percent in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Growth slowed in 34 states, accelerated in 11, and was unchanged in 5. Growth across states ranged from 1.4 percent in North Dakota to -1.6 percent in South Dakota.

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $107.5 billion (preliminary) in the third quarter of 2012 from $118.1 billion (revised) in the second quarter of 2012. As a percentage of U.S. gross domestic product (GDP), the deficit decreased to 2.7 percent from 3.0 percent. The previously published current-account deficit for the second quarter…

NOTE: See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials. -->

Real spending on travel and tourism slowed in the third quarter of 2012, increasing at an annual rate of 0.6 percent after increasing 2.2 percent in the second quarter. The primary contributor to the slowdown was a downturn in all other transportation-related commodities, which includes motor vehicle fuel, travel arrangement and reservations services, and automotive renting and leasing.

Real spending on travel and tourism slowed in the third quarter of 2012, increasing at an annual rate of 0.6 percent after increasing 2.2 percent (revised) in the second quarter. By comparison, growth in real gross domestic product (GDP) increased 2.7 percent (second estimate) in the third quarter of 2012 after increasing 1.3 percent in the second quarter.