The U.S. monthly international trade deficit decreased in September 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.0 billion in August (revised) to $40.8 billion in September, as exports increased and imports decreased.
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Real Consumer Spending Increases in September
Personal income increased 0.1 percent in September, after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, remained flat in September after rising 0.5 percent in August.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 1.5 percent in the third quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent.
Guest Blog: Spending on Disease Treatment has Increased, but Good Health Outcomes Have Too
by Cynthia Cox Kaiser Family Foundation
(This post, from the Kaiser Family Foundation, is based on BEA’s new health care statistics released earlier this year.)
Coming Soon: Webinar for BE-180 Survey Respondents
The Bureau of Economic Analysis (BEA) will be conducting an informational webinar on Thursday, October 22, at 1 p.m., to discuss the BE-180 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign persons. Topics of discussion will include:
August 2015 Trade Gap is $48.3 Billion
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.
BEA's Factory Factoids in Honor of Manufacturing Day
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
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
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
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
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
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.