The BEA Wire | BEA's Official Blog

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Although the U.S. economy has changed considerably over time, construction is an industry that’s maintained its importance. We no longer depend on telegraphs as we once did, but we’ll always need a place to live.

Construction; health care and social assistance; and retail trade were the leading contributors to the increase in U.S. economic growth in the first quarter of 2016. Overall, 11 of 22 industry groups contributed to the 1.1 percent increase in real GDP in the first quarter.

The Bureau of Economic Analysis updates GDP figures and their major components every summer, sweeping in more comprehensive data that weren’t available for earlier estimates.

This is a guest blog by John H. Thompson, Director of U.S. Census Bureau

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion; according to the Bureau of Economic Analysis (BEA) in statistics released today.

Real personal income across all regions rose by an average of 2.9 percent in 2014. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index.

The U.S. monthly international trade deficit increased in May 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $37.4 billion in April (revised) to $41.1 billion in May, as exports decreased and imports increased.

SUITLAND, Md. — Statistics detailing the amount and type of new direct investments made in the United States by foreign investors will be released by the Bureau of Economic Analysis on Wednesday, July 13.

The U.S. net international investment position at the end of the first quarter of 2016 was -$7,525.6 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2015, the net investment position was -$7,280.6 billion (revised).

BEA is getting ready for its big summer update of GDP and oth

Personal income increased 0.2 percent in May after increasing 0.5 percent in April. Wages and salaries, the largest component of personal income, increased 0.2 percent in May after increasing 0.5 percent in April.