Travel and Tourism Spending Decelerated in the Third Quarter of 2015

Real spending (output) on travel and tourism decelerated in the third quarter of 2015, increasing at an annual rate of 4.3 percent after increasing 8.4 percent (revised) in the second quarter of 2015.

Second Quarter Growth in Service Industries Widespread Across States

Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the second quarter of 2015. Overall, U.S. real GDP by state grew at an annual rate of 3.8 percent in the second quarter of 2015 after increasing 0.7 percent in the first quarter of 2015.

GDP by State Statistics for Second Quarter of 2015 to be Released December 10

New statistics on the economic performance of all 50 states and the District of Columbia during the second quarter of 2015 will be released Thursday, Dec. 10 at 8:30 a.m. eastern time by the U.S. Bureau of Economic Analysis.

October 2015 Trade Gap is $43.9 Billion

The U.S. monthly international trade deficit increased in October 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion in September (revised) to $43.9 billion in October, as exports decreased more than imports.

Guest Blog: U.S. Remains No. 1 Choice for Foreign Investment – New Stats Released

This is a guest blog by Vinai Thummalapally, Executive Director of SelectUSA.

Bureau of Economic Analysis Releases Two New Data Sets to Deepen Understanding of U.S. Economy

In the past two days, the Commerce Department’s Bureau of Economic  Analysis (BEA) has released two brand new sets of economic statistics that business people, entrepreneurs, policy makers, households and others can use to make more informed decisions in their professional and personal lives

Guam's Economy Grew 1 Percent in 2014

Guam’s real gross domestic product — adjusted to remove price changes — increased 1 percent in 2014.   For comparison, economic growth for the United States (excluding the territories) increased 2.4 percent during the same period.

BEA Introduces New Measures of the Regional Economy

Today, the U.S. Bureau of Economic Analysis released official statistics on personal consumption expenditures (PCE) by state for 1997-2014.

New Statistics Detailing New Investment in the United States by Foreign Direct Investors Are Now Available

Statistics detailing the amount and type of new investment made in the United States by foreign direct investors to acquire, establish, or expand U.S. businesses are now available from the Bureau of Economic Analysis.

BEA to Release New Statistics Detailing Consumer Spending in Every State for 2014

New statistics detailing consumer spending by state will be released Tuesday, Dec. 1 at 8:30 a.m. eastern time by the U.S. Bureau of Economic Analysis.

Personal Income Increases in October

Personal income increased 0.4 percent in October, after increasing 0.2 percent in September. Wages and salaries, the largest component of personal income increased 0.6 percent in October after remaining flat in September.

GDP Growth Rate Revised Up

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.6 percentage point from the “advance” estimate released in October.