Personal Consumption Expenditures by State, 2019
State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont. Full Text

Published October 08, 2020 at 08:30AM
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U.S. International Trade in Goods and Services, August 2020
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.1 billion in August, up $3.7 billion from $63.4 billion in July, revised. August exports were $171.9 billion, $3.6 billion more than July exports. August imports were $239.0 billion, $7.4 billion more than July imports. Full Text

Published October 06, 2020 at 08:30AM
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Gross Domestic Product by State, 2nd Quarter 2020 and Annual Update, 2019
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent. The percent change in real GDP in the second quarter ranged from -20.4 percent in the District of Columbia to -42.2 percent in Hawaii and Nevada. Full Text

Published October 02, 2020 at 08:30AM
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Personal Income and Outlays, August 2020
Personal income decreased 2.7 percent while consumer spending increased 1.0 percent in August, according to estimates released today by the Bureau of Economic Analysis. Full Text

Published October 01, 2020 at 08:30AM
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Gross Domestic Product, 2nd Quarter 2020 (Third Estimate); Corporate Profits, 2nd Quarter 2020 (Revised Estimate)
Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the ?third? estimate released by the Bureau of Economic Analysis. The change was 0.3 percentage point higher than the ?second? estimate released in August. In the first quarter of 2020, real GDP decreased 5.0 percent.Corporate profits decreased 10.3 percent at a quarterly rate in the second quarter after decreasing 12.0 percent in the first quarter. Corporate profits decreased 19.3 percent in the second quarter from one year ago.Today?s release includes estimates of GDP by industry, or value added?a measure of an industry?s contribution to GDP. Private goods-producing industries decreased 34.4 percent, private services producing industries decreased 33.1 percent, and government decreased 16.6 percent. Overall, 20 of 22 industry groups contributed to the second-quarter decline in real GDP. Full Text

Published September 30, 2020 at 08:30AM
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