The New Economics Data

The United States Bureau of Economic Analysis provides the following data and reports.


U.S. Bureau of Economic Analysis: U.S. Bureau of Economic Analysis
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from 4.7 percent in Texas to 0.5 percent in Hawaii. Full Text
The estimates of GDP for the CNMI show that real GDP-GDP adjusted to remove price changes-decreased 19.6 percent in 2018 after increasing 25.5 percent in 2017 (see Table 1.3). For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017. Full Text
The U.S. monthly international trade deficit decreased in September 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.0 billion in August (revised) to $52.5 billion in September, as imports decreased more than exports. The previously published August deficit was $54.9 billion. The goods deficit decreased $2.7 billion in September to $71.7 billion. The services surplus decreased $0.1 billion in September to $19.3 billion. Full Text
Personal income increased 0.3 percent in September after increasing 0.5 percent in August. Wages and salaries, the largest component of personal income, showed no change in September after increasing 0.6 percent in August. Full Text
Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent. Full Text
Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019, according to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis. The private goods- and services-producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the second quarter. Full Text
The Bureau of Economic Analysis (BEA) released for the first time prototype statistics for consumer spending, business investment, and trade in goods for Puerto Rico. These new economic data lay the groundwork for BEA to estimate the island’s GDP. Currently, the annual statistics cover the time period from 2012 to 2017 and can be used to better gauge the performance of the Puerto Rico economy over that period. Full Text
The estimates of GDP for Guam show that real GDP-GDP adjusted to remove price changes-decreased 0.3 percent in 2018 after increasing 0.2 percent in 2017. For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017. Full Text
State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia. Full Text
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.01 trillion and liabilities were $38.56 trillion. At the end of the first quarter, the net investment position was -$10.16 trillion. Full Text