Posts

Showing posts with the label BEA

U.S. International Transactions, Third Quarter 2019 | U.S. Bureau of Economic Analysis (BEA)

Image
6-8 minutes - Source: BEA Current Account Deficit Narrows by 0.9 Percent in Third Quarter Current Account Balance The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $1.1 billion, or 0.9 percent, to $124.1 billion in the third quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis (BEA). The revised second quarter deficit was $125.2 billion. The third quarter deficit was 2.3 percent of current dollar gross domestic product, down less than 0.1 percent from the second quarter. The $1.1 billion narrowing of the current account deficit in the third quarter mainly reflected a reduced deficit on goods and an expanded surplus on primary income. Current Account Transactions (tables 1-5) Exports of goods and

BEA News: U.S. International Trade in Goods and Services, January 2019

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $51.1 billion in January, down $8.8 billion from $59.9 billion in December, revised. January exports were $207.3 billion, $1.9 billion more than December exports. January imports were $258.5 billion, $6.8 billion less than December imports. The full text of the release on BEA's website can be found at:  https://www.bea.gov/news/ 2019/us-international-trade- goods-and-services-january- 2019

BEA News | Gross Domestic Product by Industry: Third Quarter 2018

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Wholesale trade; information; and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 19 of 22 industry groups contributed to the overall 3.4 percent increase in real GDP in the third quarter. The full text of the release on BEA's website can be found at:  https://www.bea.gov/data/ gdp/gdp-industry

U.S. International Trade in Goods and Services, November 2018 | U.S. Bureau of Economic Analysis (BEA)

Image
7-9 minutes The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.3 billion in November, down $6.4 billion from $55.7 billion in October, revised. U.S. International Trade in Goods and Services Deficit Deficit: $49.3 Billion -11.5%° Exports: $209.9 Billion -0.6%° Imports: $259.2 Billion -2.9%° Next release: To be determined. Report delayed due to recent lapse in federal funding. (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, February 6, 2019. Exports, Imports, and Balance (exhibit 1) November exports were $209.9 billion, $1.3 billion less than October exports.

BEA I U.S. Net International Investment Position: Third Quarter 2018 | U.S. Bureau of Economic Analysis (BEA)

Image
8-10 minutes The U.S. net international investment position decreased to −$9,627.2 billion (preliminary) at the end of the third quarter of 2018 from −$8,845.1 billion (revised) at the end of the second quarter, according to statistics released by the Bureau of Economic Analysis (BEA). The $782.1 billion decrease reflected a $135.5 billion increase in U.S. assets and a $917.6 billion increase in U.S. liabilities (table 1). The $782.1 billion decrease in the net investment position also reflected net financial transactions of −$24.6 billion and net other changes in position, such as price and exchange-rate changes, of −$757.5 billion (table A). The net investment position decreased 8.8 percent in the third quarter, compared with a decrease of 14.2 percent in the second quarter and an average quarterly decrease of 4.4 percent from the first quarter of 2011 through the first qua

U.S. Virgin Islands GDP Decreases in 2017 | U.S. Bureau of Economic Analysis (BEA)

Image
Today, the Bureau of Economic Analysis (BEA) is releasing estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2017, in addition to estimates of GDP by industry and compensation by industry for 2016. 1 These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs (OIA) of the U.S. Department of the Interior. Effects of Hurricanes Irma and Maria on Source Data The U.S. Virgin Islands suffered extensive damage from two major hurricanes in September 2017. These hurricanes affected the availability of various source data used in the estimation of USVI GDP, including financial statements for the territorial government and its independent agencies. Gross Domestic Product for 2017 The estimates of GDP for the USVI show that real GDP—GDP adjusted to remove price changes—decreased 1.7 percent in 2017 a

GDP by County | U.S. Bureau of Economic Analysis (BEA)

BEA is developing its first gross domestic product statistics for counties. A news release and prototype data will be posted here Dec. 12 at 8:30 a.m. Eastern. These statistics for 3,113 counties and county equivalents will initially cover the years 2012-2015. The data for each county will include current-dollar GDP statistics, inflation-adjusted GDP figures, and real annual growth rates. The data will be further broken down into three categories: goods-producing industries, services-producing industries, and government. After receiving feedback on the prototype statistics, BEA will continue to refine its methodology before beginning regular annual releases of GDP by county statistics in December 2019. Data Table Format for GDP by County  XLSX Release Information Next Release: December 12, 2018 Source: BEA

BEA I Press Release: U.S. International Trade in Goods and Services, October 2018.

Image
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.5 billion in October, up $0.9 billion from $54.6 billion in September, revised. U.S. International Trade in Goods and Services Deficit Deficit: $55.5 Billion +1.7%° Exports: $211.0 Billion -0.1%° Imports: $266.5 Billion +0.2%° Next release: January 8, 2019 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, December 6, 2018. Exports, Imports, and Balance (exhibit 1) October exports were $211.0 billion, $0.3 billion less than September exports. October imports were $266.5 billion, $0.6 billion more than September imports. The October increase in the goods and services deficit reflected an increase in the g

BEA Release: Personal Income and Outlays, October 2018

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Personal income increased 0.5 percent in October after increasing 0.2 percent in September. Wages and salaries, the largest component of personal income, increased 0.3 percent in October, the same increase as in September. The full text of the release on BEA's website can be found at:  https://www.bea.gov/news/ 2018/personal-income-and- outlays-october-2018 Source: BEA

Gross Domestic Product, Third Quarter 2018 (Second Estimate); Corporate Profits, Third Quarter 2018 (Preliminary Estimate) | U.S. Bureau of Economic Analysis (BEA)

Image
Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was also 3.5 percent. With this second estimate for the third quarter, the general picture of economic growth remains the same; upward revisions to nonresidential fixed investment and private inventory investment were offset by downward revisions to personal consumption expenditures (PCE) and state and local government spending (see "Updates to GDP" on page 2). Real gross domestic income (GDI) increased 4.0 percent in

U.S. International Trade in Goods and Services, September 2018 | U.S. Bureau of Economic Analysis (BEA)

Image
bea.gov The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August, revised. U.S. International Trade in Goods and Services Deficit Deficit: $54.0 Billion +1.3%° Exports: $212.6 Billion +1.5%° Imports: $266.6 Billion +1.5%° Next release: December 6, 2018 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, November 2, 2018. Exports, Imports, and Balance (exhibit 1) September exports were $212.6 billion, $3.1 billion more than August exports. September imports were $266.6 billion, $3.8 billion more than August imports. The September increase in the goods and services deficit reflected

Personal Consumption Expenditures by State, 2017 I BEA

Image
bea.gov State personal consumption expenditures (PCE) increased on average 4.3 percent in 2017, an acceleration from the 3.8 percent increase in 2016 (table 1), according to statistics released today by the Bureau of Economic Analysis. The percent change in PCE across all states ranged from 6.9 percent in Idaho to 2.0 percent in North Dakota. After Idaho, the states with the fastest growth in PCE were Washington, Utah, and Arizona. Idaho and Utah were also among the fastest growing states in 2016. After North Dakota, the states with the slowest PCE growth were Wyoming, Louisiana, and Oklahoma. Category growth in PCE by state . In 2017, expenditure growth in health care and housing and utilities were the leading contributors to national PCE growth (table 3). These categories grew 4.6 percent and 4.0 percent, respectively (

Real Personal Income for States and Metropolitan Areas, 2016 - May 17, 2018 | BEA

Image
bea.gov Real Personal Income for States and Metropolitan Areas, 2016 11-14 minutes Home > News Release: Real Personal Income for States and Metropolitan Areas, 2016 Real state personal income grew on average 1.1 percent in 2016, after increasing 4.7 percent in 2015, according to estimates released today by the Bureau of Economic Analysis. Real state personal income is a state's current-dollar personal income adjusted by the state's regional price parity and the national personal consumption expenditures price index. The percent change in real state personal income ranged from 3.3 percent in Utah and Georgia to -3.6 percent in Wyoming (table 1). In the District of Columbia, real personal income grew 4.5 percent. Across metropolitan areas, the percent change ranged from 6.6 percent in Jacksonville, NC to -8.1 percent in Midland, TX and Odessa, TX (table 4). Real Personal Income in 2016 States with the fastest growth in r