| BEA - Economic Overview |
Updated : Tue, 15 Jul 2008 11:07:39 EDT
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total May exports of $157.5 billion and imports of $217.3 billion resulted in a goods and services deficit of $59.8 billion, down from $60.5 billion in April, revised. May exports were $1.4 billion more than April exports of $156.2 billion. May imports were $0.7 billion more than April imports of $216.7 billion.
Publ.Date : Fri, 11 Jul 2008 08:30:00 EDT
Personal income increased $225.7 billion, or 1.9 percent, and disposable personal income (DPI) increased $600.3 billion, or 5.7 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $77.4 billion, or 0.8 percent. In April, personal income increased $33.5 billion, or 0.3 percent, DPI increased $39.8 billion, or 0.4 percent, and PCE increased $41.1 billion, or 0.4 percent, based on revised estimates. Real disposable income increased 5.3 percent in May, compared with an increase of 0.1 percent in April. Real PCE increased 0.4 percent, compared with an increase of 0.2 percent.
Publ.Date : Fri, 27 Jun 2008 08:30:00 EDT
The U.S. net international investment position at yearend 2007 was -$2,441.8 billion (preliminary), as the value of foreign investments in the United States continued to exceed the value of U.S. investments abroad. At yearend 2006, the U.S. net international investment position was -$2,225.8 billion (revised).
Publ.Date : Fri, 27 Jun 2008 08:30:00 EDT
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.0 percent in the first quarter of 2008 (that is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 0.6 percent.
Publ.Date : Thu, 26 Jun 2008 08:30:00 EDT
U.S. personal income grew 1.1 percent in the first quarter of 2008, after growing 1.2 percent in the last quarter of 2007, according to estimates released today by the U.S. Bureau of Economic Analysis. Across states, personal income growth ranged from 7.6 percent in North Dakota to -1.9 percent in Arkansas.
Publ.Date : Thu, 19 Jun 2008 08:30:00 EDT
Real spending on tourism (spending adjusted for price changes) decreased at an annual rate of 3.7 percent in 2008:1, according to the Bureau of Economic Analysis, reflecting steep declines in spending on accommodations and passenger air transportation. In 2007:4, real spending on tourism grew 2.3 percent (revised). By comparison, real gross domestic product (GDP) grew at an annual rate of 0.9 percent (preliminary) in 2008:1 and 0.6 percent in 2007:4.
Publ.Date : Wed, 18 Jun 2008 08:30:00 EDT
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