March 2, 2016
Real gross domestic product (GDP) increased in 47 states [CA at 2.1%] and the District of Columbia in the third quarter of 2015, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Overall, U.S. real GDP by state growth slowed to an annual rate of 1.9 percent in the third quarter of 2015 after increasing 3.8 percent in the second quarter. Retail trade; health care and social assistance; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth in the third quarter.
Feb. 5, 2016
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.4 billion in December, up $1.1 billion from $42.2 billion in November, revised. December exports were $181.5 billion, $0.5 billion less than November exports. December imports were $224.9 billion, up $0.6 billion from November.BR/>
Feb. 1, 2016
Personal income increased $42.5 billion, or 0.3 percent, and disposable personal income (DPI) increased $37.8 billion, or 0.3 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $0.7 billion, or less than 0.1 percent. In November, personal income increased $44.3 billion, or 0.3 percent, DPI increased $33.4 billion, or 0.2 percent, and PCE increased $59.4 billion, or 0.5 percent, based on revised estimates.
Dec. 10, 2015
Today, the U.S. Bureau of Economic Analysis (BEA) released–for the first time–gross domestic product (GDP) by state for 21 industry sectors on a quarterly basis.1 These new statistics supplement BEA's national quarterly GDP by industry statistics first released in April 2014. These new data provide timely information on how specific industries contribute to accelerations, decelerations, and turning points in economic growth at the state level, including key information about the impact of differences in industry composition across states.
Dec. 1, 2015
Across all states, the growth in total PCE by state accelerated to 4.2 percent in 2014 from 3.1 percent in 2013 (Table 1). This growth reflects the year-over-year change in current-dollar PCE by state. In 2014, growth in total PCE ranged from 2.1 percent in West Virginia to 7.4 percent in North Dakota, with more than 40 states growing faster than in 2013.