Gross Domestic Product, 2nd Quarter 2021 (Second Estimate); Corporate Profits, 2nd Quarter 2021 (Preliminary Estimate)

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Real gross domestic product (GDP) increased at an annual rate of 6.6 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was revised up 0.1 percentage point from the 'advance' estimate released in July. In the second quarter, government assistance payments in the form of loans to businesses and grants to state and local governments increased, while social benefits to households, such as the direct economic impact payments, declined. In the first quarter of 2021, real GDP increased 6.3 percent. Corporate profits from current production Profits increased 9.2 percent at a quarterly rate in the second quarter after increasing 5.1 percent in the first quarter. Corporate profits increased 43.4 percent in the second quarter from one year ago. Full Text

Published August 26, 2021 at 08:30PM
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Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2019

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Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.95 million workers in the United States in 2019, a 1.1 percent increase from 7.86 million in 2018, according to the Bureau of Economic Analysis. MOUSAs accounted for 6.0 percent of total private-industry employment in the United States in 2019. Full Text

Published August 20, 2021 at 08:30PM
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U.S. International Trade in Goods and Services, June 2021

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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services trade deficit was $75.7 billion in June, up $4.8 billion from $71.0 billion in May, revised. June exports were $207.7 billion, $1.2 billion more than May exports. June imports were $283.4 billion, $6.0 billion more than May imports. Full Text

Published August 05, 2021 at 08:30PM
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