The BEA Wire | BEA's Official Blog

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.

Real gross domestic product (GDP) increased 1.1 percent in the first quarter of 2016, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “second” estimate released last month.

Real spending (output) on travel and tourism accelerated in the first quarter of 2016, increasing at an annual rate of 5.2 percent after increasing 1.5 percent (revised) in the fourth quarter of 2015.

State personal income grew 1.0 percent on average in the first quarter of 2016, the same pace as in the fourth quarter of 2015.

The U.S.

Real gross domestic product (GDP) increased in 41 states and the District of Columbia in the fourth quarter of 2015, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis.

The U.S. monthly international trade deficit increased in April 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $35.5 billion in March (revised) to $37.4 billion in April, as imports increased more than exports.

The Bureau of Economic Analysis is moving ahead on the second phase of a three-pronged plan to refine its estimates of gross domestic product by reducing potential sources of “residual” seasonality.  That’s when seasonal patterns remain in data even after they are adjusted for seasonal varia

Personal income increased 0.4 percent in April, the same increase as in March. Wages and salaries, the largest component of personal income, increased 0.5 percent in April after increasing 0.4 percent in March.

Real gross domestic product (GDP) increased 0.8 percent in the first quarter of 2016, according to the “second” estimate released today by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “advance” estimate released last month.

The Bureau of Economic Analysis is constantly working with our data partners to make GDP — our signature measure of the ever-changing U.S. economy — even better. As part of that effort, our sister statistical agency, the U.S.