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The U.S. monthly international trade deficit increased in November 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.4 billion in October (revised) to $45.2 billion in November, as exports decreased and imports increased.

The U.S. net international investment position increased to −$7,781.1 billion (preliminary) at the end of the third quarter of 2016 from −$8,026.9 billion (revised) at the end of the second quarter.

Personal income was unchanged in November after increasing 0.5 percent in October. Wages and salaries, the largest component of personal income, decreased 0.1 percent in November after increasing 0.5 percent in October.

Real gross domestic product (GDP) increased 3.5 percent in the third 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 in November.

State personal income growth decelerated to 1.1 percent on average in the third quarter of 2016 from 1.2 percent in the second quarter. Personal income grew in every state in the second-quarter with growth rates ranging from 0.4 percent in Oklahoma to 1.4 percent in South Dakota.

Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2014, including the finances and operations of U.S. parent companies and their foreign affiliates, are now available from the U.S. Bureau of Economic Analysis.

The U.S. current-account deficit decreased to $113.0 billion (preliminary) in the third quarter of 2016 from $118.3 billion (revised) in the second quarter of 2016. As a percentage of U.S. GDP, the deficit decreased to 2.4 percent from 2.6 percent.

After declining for four consecutive years, the Virgin Islands’ economy grew in 2015.  Real GDP — adjusted to remove price changes—increased 0.2 percent in 2015, after decreasing 1.0 percent in 2014.

Real Tourism Spending. – &n

Real gross domestic product (GDP) increased in 41 states and the District of Columbia in the second quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis.