Personal Income and Outlays, September 2021

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Personal income decreased $216.2 billion, or 1.0 percent at a monthly rate, while consumer spending increased $93.4 billion, or 0.6 percent, in September. The decrease in personal income primarily reflected the winding down of pandemic-related assistance programs. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 7.5 percent in September, compared with 9.2 percent in August. Full Text

Published October 29, 2021 at 08:30PM
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Gross Domestic Product, 3rd Quarter 2021 (Advance Estimate)

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Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. The deceleration in real GDP in the third quarter was led by a slowdown in consumer spending. A resurgence of COVID-19 cases resulted in new restrictions and delays in the reopening of establishments in some parts of the country. In the third quarter, government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased. Full Text

Published October 28, 2021 at 08:30PM
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U.S. International Trade in Goods and Services, August 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 $73.3 billion in August, up $2.9 billion from $70.3 billion in July, revised. August exports were $213.7 billion, $1.0 billion more than July exports. August imports were $287.0 billion, $4.0 billion more than July imports. Full Text

Published October 05, 2021 at 08:30PM
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Gross Domestic Product by State, 2nd Quarter 2021 and Annual Update, 2020

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Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2021, as real GDP for the nation increased at an annual rate of 6.7 percent. The percent change in real GDP in the second quarter ranged from 9.7 percent in Nevada to 1.8 percent in Alaska. Full Text

Published October 01, 2021 at 10:00PM
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Personal Income and Outlays, August 2021

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Personal income increased $35.5 billion, or 0.2 percent at a monthly rate, while consumer spending increased $130.5 billion, or 0.8 percent, in August. The increase in personal income primarily reflected increases in compensation as well as government social benefits, which reflect advance Child Tax Credit payments authorized by the American Rescue Plan. Full Text

Published October 01, 2021 at 08:30PM
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