Personal Income and Outlays, May 2020

Personal Income Personal income decreased 4.2 percent while consumer spending increased 8.2 percent in May, according to estimates released today by the Bureau of Economic Analysis.

Gross Domestic Product, First Quarter 2020

Real gross domestic product (GDP) decreased 5.0 percent in the first quarter of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. The decline is the same as in the “second” estimate released in May. In the fourth quarter of 2019, real GDP increased 2.1 percent.

Personal Income by State, 1st Quarter 2020

State personal income increased 2.3 percent at an annual rate in the first quarter of 2020, a deceleration from the 3.6 percent increase in the fourth quarter of 2019. The percent change in personal income across all states ranged from 4.9 percent in New Mexico to -0.3 percent in Michigan.

U.S. Current Account Deficit Narrows in First Quarter 2020

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $0.1 billion, or 0.1 percent, to $104.2 billion in the first quarter of 2020.

More Data, Faster: BEA Rolls Out Improved International Stats

UPDATE: Prototypes previewing the structure of the upcoming trade in services tables are now available on the international services webpage.

April 2020 Trade Gap is $49.4 Billion

The U.S. monthly international trade deficit increased in April 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.3 billion in March (revised) to $49.4 billion in April, as exports decreased more than imports.

Personal Income and Outlays, April 2020

Personal income increased 10.5 percent (monthly rate) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income increased 12.9 percent and consumer spending decreased 13.6 percent.

Gross Domestic Product, First Quarter 2020

Real gross domestic product (GDP) decreased 5.0 percent in the first quarter of 2020, according to the “second” estimate released by the Bureau of Economic Analysis. The change was 0.2 percentage point lower than the “advance” estimate released in April.

Table Changes Coming With Annual Update of International Statistics

In June, BEA will speed up and expand our statistics on U.S. international trade in services, including adding detail on some of the most dynamic services, such as research and development, intellectual property, and financial services.

Real Personal Income by Metropolitan Area, 2018

The percent change in real metropolitan area personal income ranged from 15.6 percent in Midland, TX to -1.1 percent in Sebring-Avon Park, FL.

Real Personal Income by State, 2018

The percent change in real state personal income ranged from 6.7 percent in Wyoming to 0.9 percent in Mississippi.

March 2020 Trade Gap is $44.4 Billion

The U.S. monthly international trade deficit increased in March 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.8 billion in February (revised) to $44.4 billion in March, as exports decreased more than imports.