Personal Income and Outlays, August 2020

Personal income decreased 2.7 percent while consumer spending increased 1.0 percent in August, according to estimates released today by the Bureau of Economic Analysis. Full Text

Published October 01, 2020 at 03:30PM
Read more at bea.gov

Gross Domestic Product, 2nd Quarter 2020 (Third Estimate); Corporate Profits, 2nd Quarter 2020 (Revised Estimate)

Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the ?third? estimate released by the Bureau of Economic Analysis. The change was 0.3 percentage point higher than the ?second? estimate released in August. In the first quarter of 2020, real GDP decreased 5.0 percent.Corporate profits decreased 10.3 percent at a quarterly rate in the second quarter after decreasing 12.0 percent in the first quarter. Corporate profits decreased 19.3 percent in the second quarter from one year ago.Today?s release includes estimates of GDP by industry, or value added?a measure of an industry?s contribution to GDP. Private goods-producing industries decreased 34.4 percent, private services producing industries decreased 33.1 percent, and government decreased 16.6 percent. Overall, 20 of 22 industry groups contributed to the second-quarter decline in real GDP. Full Text

Published September 30, 2020 at 03:30PM
Read more at bea.gov

U.S. International Investment Position, 2nd Quarter 2020

The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$13.05 trillion at the end of the second quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.87 trillion and liabilities were $41.92 trillion. At the end of the first quarter, the net investment position was -$12.16 trillion. Full Text

Published September 29, 2020 at 03:30PM
Read more at bea.gov

Prototype Gross Domestic Product for Puerto Rico, 2012-2018

Today, the Bureau of Economic Analysis (BEA) released prototype annual estimates of gross domestic product (GDP) for Puerto Rico for 2012 to 2018. This release represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that are directly comparable to data for other states and countries. The prototype estimates showed that the Puerto Rico economy, as measured by inflation-adjusted (or "real") GDP, expanded from 2012 to 2014, before turning down in 2015 and continuing to decrease through 2018. Exports of goods and services was a key contributor to changes in real GDP over this period. Full Text

Published September 28, 2020 at 06:00PM
Read more at bea.gov

Personal Income by State, 2nd Quarter 2020 and Year 2019

State personal income increased 34.2 percent at an annual rate in the second quarter of 2020, an acceleration from the 4.1 percent increases in the first quarter. Personal income increased in every state and the District of Columbia ranging from 15.3 percent in the District of Columbia to 76.3 percent in Massachusetts. Full Text

Published September 24, 2020 at 03:30PM
Read more at bea.gov

U.S. International Transactions, 2nd Quarter 2020

The U.S. current account deficit widened by $59.0 billion, or 52.9 percent, to $170.5 billion in the second quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis. The revised first quarter deficit was $111.5 billion. The second quarter deficit was 3.5 percent of current dollar gross domestic product, up from 2.1 percent in the first quarter. Full Text

Published September 18, 2020 at 03:30PM
Read more at bea.gov

U.S. International Trade in Goods and Services, July 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised. July exports were $168.1 billion, $12.6 billion more than June exports. July imports were $231.7 billion, $22.7 billion more than June imports. Full Text

Published September 03, 2020 at 03:30PM
Read more at bea.gov

Personal Income and Outlays, July 2020

Personal income increased 0.4 percent while consumer spending increased 1.9 percent in July, according to estimates released today by the Bureau of Economic Analysis. Full Text

Published August 28, 2020 at 03:30PM
Read more at bea.gov

Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate)

Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020, according to the "second" estimate released by the Bureau of Economic Analysis. The change was 1.2 percentage points higher than the "advance" estimate released in July. In the first quarter of 2020, real GDP decreased 5.0 percent. Full Text

Published August 27, 2020 at 03:30PM
Read more at bea.gov

U.S. International Trade in Goods and Services, June 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $50.7 billion in June, down $4.1 billion from $54.8 billion in May, revised. June exports were $158.3 billion, $13.6 billion more than May exports. June imports were $208.9 billion, $9.5 billion more than May imports. Full Text

Published August 05, 2020 at 03:30PM
Read more at bea.gov

Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update

Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter of 2020, real GDP decreased 5.0 percent. Full Text

Published July 30, 2020 at 03:30PM
Read more at bea.gov

Gross Domestic Product by State, 1st Quarter 2020

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the first quarter of 2020. The percent change in real GDP in the first quarter ranged from -1.3 percent in Nebraska to -8.2 percent in New York and Nevada. Full Text

Published July 07, 2020 at 03:30PM
Read more at bea.gov

Gross Domestic Product by Industry, 1st Quarter 2020

Accommodation and food services; finance and insurance; and health care and social assistance industries were the leading contributors to the 5.0 percent (annual rate) decrease in gross domestic product (GDP) in the first quarter of 2020. Full Text

Published July 06, 2020 at 03:30PM
Read more at bea.gov

U.S. International Trade in Goods and Services, May 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.6 billion in May, up $4.8 billion from $49.8 billion in April, revised. May exports were $144.5 billion, $6.6 billion less than April exports. May imports were $199.1 billion, $1.8 billion less than April imports. Full Text

Published July 02, 2020 at 03:30PM
Read more at bea.gov

Personal Income and Outlays, May 2020

Personal income decreased 4.2 percent while consumer spending increased 8.2 percent in May. Full Text

Published June 26, 2020 at 03:30PM
Read more at bea.gov

Personal Income by State, 1st Quarter 2020

State personal income increased 2.3 percent at an annual rate in the first quarter of 2020, a deceleration from the 3.6 percent increase in the fourth quarter of 2019. The percent change in personal income across all states ranged from 4.9 percent in New Mexico to -0.3 percent in Michigan. Full Text

Published June 23, 2020 at 03:30PM
Read more at bea.gov

U.S. International Transactions, 1st Quarter 2020 and Annual Update

The U.S. current account deficit narrowed by $0.1 billion, or 0.1 percent, to $104.2 billion in the first quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis. The revised fourth quarter deficit was $104.3 billion. The first quarter deficit was 1.9 percent of current dollar gross domestic product, up less than 0.1 percentage point from the fourth quarter. Full Text

Published June 19, 2020 at 03:30PM
Read more at bea.gov

U.S. International Trade in Goods and Services, April 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.4 billion in April, up $7.1 billion from $42.3 billion in March, revised. April exports were $151.3 billion, $38.9 billion less than March exports. April imports were $200.7 billion, $31.8 billion less than March imports. Full Text

Published June 04, 2020 at 03:30PM
Read more at bea.gov

Personal Income and Outlays, April 2020

Personal income increased 10.5 percent (monthly rate) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income increased 12.9 percent and consumer spending decreased 13.6 percent. Full Text

Published May 29, 2020 at 03:30PM
Read more at bea.gov

Gross Domestic Product, 1st Quarter 2020 (Second Estimate); Corporate Profits, 1st Quarter 2020 (Preliminary Estimate)

Real gross domestic product (GDP) decreased 5.0 percent in the first quarter of 2020, according to the "second" estimate released by the Bureau of Economic Analysis. The change was 0.2 percentage point lower than the "advance" estimate released in April. In the fourth quarter of 2019, real GDP increased 2.1 percent. Full Text

Published May 28, 2020 at 03:30PM
Read more at bea.gov