The U.S. monthly international trade deficit increased in August 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.8 billion in July (revised) to $48.3 billion in August, as exports decreased and imports increased.
The BEA Wire | BEA's Official Blog
BEA's Factory Factoids in Honor of Manufacturing Day
October 2, 2015
U.S. factories do their part to keep the U.S. economy humming. Did you know that manufacturing accounts for 12 percent of overall U.S.
State Personal Income: Second Quarter 2015
September 30, 2015
State personal income grew 0.9 percent on average in the second quarter of 2015, after growing 0.8 percent in the first quarter. Personal income grew in every state except Oklahoma in the second quarter. In the first quarter, personal income grew in 34 states.
Value of U.S. Liabilities Decreased More Than U.S. Assets in Second Quarter 2015
September 29, 2015
The U.S. net international investment position was -$6,688.3 billion (preliminary) at the end of the second quarter of 2015 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the first quarter of 2015, the net investment position was -$6,801.4 billion (revised).
Consumer Spending Rises in August
September 28, 2015
Personal income increased 0.3 percent in August, after increasing 0.5 percent in July. Wages and salaries, the largest component of personal income, rose 0.5 percent in August after rising 0.6 percent in July.
Video Tutorials Now Available for BE-180 Survey Respondents; Webinar Coming Soon
September 25, 2015
BEA introduced two new video tutorials to assist potential filers of the BE-180 Benchmark Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons.
GDP Increases in Second Quarter
September 25, 2015
Real gross domestic product (GDP) increased 3.9 percent in the second quarter of 2015, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.2 percentage point from the “second” estimate released in August.
Widespread Growth in the Far West Region
September 23, 2015
Real GDP expanded in 44 of the 52 MSAs wholly contained in this region. Professional scientific, and technical services contributed the most to growth in real GDP for the region.
Widespread Growth Across Metropolitan Areas
September 23, 2015
Real GDP increased in 282 of the nation’s 381 metropolitan areas in 2014, led by widespread growth in professional and business services; finance, insurance, real estate, rental, and leasing; and trade.
Travel and Tourism Spending Accelerated in the Second Quarter of 2015
September 16, 2015
Real spending (output) on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing 2.2 percent (revised) in the first quarter of 2015.
July 2015 Trade Gap is $41.9 Billion
September 3, 2015
The U.S. monthly international trade deficit decreased in July 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.2 billion in June (revised) to $41.9 billion in July, as exports increased and imports decreased.