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Personal Income and Outlays, July 2010
Personal income increased $30.0 billion, or 0.2 percent, and disposable personal income (DPI) increased $17.6 billion, or 0.2 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In June, personal income decreased $2.7 billion, or less than 0.1 percent, DPI decreased $0.2 billion, or less than 0.1 percent, and PCE decreased $4.0 billion, or less than 0.1 percent, based on revised estimates. Full Text
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Gross Domestic Product, 2nd quarter 2010 (second estimate); Corporate Profits, 2nd quarter 2010 (preliminary estimate)
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 1.6 percent in the second quarter of 2010, (that is, from the first quarter to the second quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.7 percent. Full Text
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U.S. International Trade in Goods and Services, June 2010
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of
Commerce, announced today that total June exports of $150.5 billion and imports of $200.3
billion resulted in a goods and services deficit of $49.9 billion, up from $42.0 billion in
May, revised. June exports were $2.0 billion less than May exports of $152.4 billion. June
imports were $5.9 billion more than May imports of $194.4 billion. Full Text
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Personal Income for Metropolitan Areas, 2009
WASHINGTON DC, August 9, 2010 - Personal income declined in 2009 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income declined in 223 MSAs, increased in 134, and remained unchanged in 9 MSAs. On average, MSA personal income fell 1.8 percent in 2009, after rising 2.7 percent in 2008. Full Text
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Gross Domestic Product for the U.S. Virgin Islands
CHARLOTTE AMALIE, U.S. VIRGIN ISLANDS (July 6, 2010) - Today, the Bureau of Economic Analysis (BEA) is releasing its first set of estimates of the major components of gross domestic product (GDP) for the U.S. Virgin Islands. The estimates for the U.S. Virgin Islands showed that from 2002 to 2007, real GDP -- GDP adjusted to remove price changes -- grew at an average annual rate of 2.9 percent. (For comparison, the average annual growth rate for the United States (excluding the territories) was 2.8 percent over this period.) Full Text
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Research and Development Satellite Account, 2010
Gross Domestic Product (GDP) would have been, on average, 2.7 percent, or $301.5 billion higher between 1998 and 2007 if research and development (R&D) spending was treated as investment in the U.S. national income and product accounts, the Bureau of Economic Analysis (BEA) announced today. The 2010 R&D Satellite Account updates and extends BEA's estimates of the effect of R&D on economic growth through 2007, and now includes coverage of the most recent business cycle expansion. Full Text
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U.S. International Investment Position, 2009
The U.S. net international investment position at yearend 2009 was -$2,737.8 billion (preliminary), as the value of foreign investments in the
United States continued to exceed the value of U.S. investments abroad (table 1). At yearend 2008, the U.S. net international investment position was -$3,493.9 billion (revised). Full Text
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Travel and Tourism Satellite Accounts, 1st Quarter 2010
Real spending on travel and tourism increased at an annual rate of 3.9 percent in 2010:1, following a decrease of 1.5 percent (revised) in 2009:4. By comparison, real gross domestic product (GDP) increased 3.0 percent (second estimate) in 2010:1 after increasing 5.6 percent in 2009:4. Travel and tourism prices increased 3.5 percent in 2010:1 after increasing 6.5 percent (revised) in 2009:4. Full Text
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State Quarterly Personal Income, 1st quarter 2009-1st quarter 2010
State personal income growth averaged 0.9 percent in the first quarter of 2010 up from 0.5 percent in the fourth quarter of 2009, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income increased in all but two states with growth ranging from 1.6 percent in Mississippi to -2.0 percent in North Dakota. Inflation, as measured by the national price index for personal consumption expenditures, declined to 0.4 percent in the first quarter from 0.6 percent in the fourth quarter. Full Text
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U.S. International Transactions, First Quarter 2010
The U.S. current-account deficit - the combined balances on trade in goods
and services, income, and net unilateral current transfers - increased to $109.0
billion (preliminary) in the first quarter of 2010, from $100.9 billion (revised)
in the fourth quarter of 2009. The increase was the third consecutive quarterly
increase since the deficit of $84.4 billion in the second quarter of 2009, which
was the smallest deficit since the third quarter of 1999. The increase was more
than accounted for by an increase in the deficit on goods. An increase in net
unilateral current transfers to foreigners also contributed. Increases in the
surpluses on income and services were partly offsetting.
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