Finance and insurance; durable goods manufacturing; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2017. Overall, 18 of 22 industry groups contributed to the 3.2 percent increase in real GDP in the third quarter.
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The U.S. monthly international trade deficit increased in November 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $48.9 billion in October (revised) to $50.5 billion in November, as imports increased more than exports. The previously… Read More
The U.S. net international investment position increased to −$7,768.7 billion (preliminary) at the end of the third quarter from −$8,004.1 billion (revised) at the end of the second quarter. The $235.4 billion increase reflected net financial transactions of –$87.4 billion and net other changes… Read More
As we charge into 2018, it’s a… Read More
Personal income increased 0.3 percent in November after increasing 0.4 percent in October. Wages and salaries, the largest component of personal income, increased 0.4 percent in November after increasing 0.2 percent in October.
Real gross domestic product (GDP) increased 3.2 percent in the third quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point less than the “second” estimate released in November. In the second quarter of 2017, real… Read More
State personal income increased 0.7 percent on average in the third quarter of 2017. In the second quarter, state personal income increased 0.6 percent. Increases in earnings and personal current transfer receipts were the leading contributors to the acceleration in personal income in the third… Read More
The U.S. current-account deficit decreased to $100.6 billion (preliminary) in the third quarter of 2017 from $124.4 billion (revised) in the second quarter of 2017. As a percentage of U.S. GDP, the deficit decreased to 2.1 percent from 2.6 percent. The previously published current-account… Read More
Interested in industries? Our newest data tool shows you BEA’s statistics about an industry, pulled… Read More
Real spending (output) on travel and tourism accelerated in the third quarter of 2017, growing at an annual rate of 6.6 percent after increasing 6.0 percent (revised) in the second quarter, according to new statistics released by the Bureau of Economic Analysis.
The U.S. monthly international trade deficit increased in October 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.9 billion in September (revised) to $48.7 billion in October, as exports decreased and imports increased. The… Read More
Today, the Bureau of Economic Analysis is releasing estimates of gross domestic product for the U.S. Virgin Islands for 2016, in addition to estimates of GDP by industry and compensation by industry for 2015. These estimates were developed under the Statistical Improvement Program funded by the… Read More