Bureau of Economic Analysis

Durable-goods manufacturing, professional, scientific, and technical services, and information services were the leading contributors to U.S. economic growth in 2011, according to advance statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. Overall, 15 of 22 industry groups contributed to the 1.7 percent increase in real GDP.

Small counties registered the fastest growth in personal incomes in 2010, new data from the U.S. Bureau of Economic Analysis show.

Today, the Bureau of Economic Analysis (BEA) released estimates of personal income at the county level for 2010. Among large counties (those with a population of at least 250,000), personal income grew 3.7 percent in 2010, equaling the growth rate for the nation. Personal income in small and medium-sized counties grew 3.9 percent and 3.6 percent respectively in 2010.

Worldwide employment by U.S. multinational companies increased 0.5 percent in 2010 to 34.0 million workers, with increases in both the United States and abroad, new numbers released by the U.S. Bureau of Economic Analysis show.

Employment in the United States by U.S. parent companies increased 0.1 percent to 23.0 million workers. That contrasted with a 0.6 percent decrease in total private-industry employment in the United States.…

The following are 2010 advanced and 2009 revised summary estimates of the employment, capital spending, and sales activity of U.S. multinational companies (comprising both their U.S. and foreign operations) and the corresponding activity of foreign multinational companies in the United States.  Preliminary 2010 and revised 2009 statistics based on more complete source data and including country and industry detail will be released later…

BEA Director Steve Landefeld

The U.S. monthly international trade deficit decreased in February 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $52.5 billion (revised) in January to $46.0 billion in February, as imports decreased and exports increased. The previously published January deficit was $52.6 billion. The goods deficit decreased $6.0 billion from January to $61.4 billion in February, and the…

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BEA Director Steve Landefeld

Imagine you’re trying to find your way through a thick forest. It’s a difficult task. You have nothing to help you navigate—no compass, no GPS, and no communications device to use to contact someone for help. In fact, in your wandering, you’ve lost your bearings so completely that you’re not even sure where you’ve been, let alone where you’re going.

Personal income increased $28.2 billion, or 0.2 percent, and disposable personal income (DPI) increased $18.9 billion, or 0.2 percent, inFebruary, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $86.0 billion, or 0.8 percent. In January, personal income increased $26.5 billion, or 0.2 percent, DPI increased $5.0 billion, or less than 0.1 percent, and PCE increased $40.9 billion, or 0.4 percent,…