Personal Income and Outlays, December 2021

| In ,
Personal income increased $70.7 billion, or 0.3 percent at a monthly rate, while consumer spending decreased $95.2 billion, or 0.6 percent, in December. The increase in personal income primarily reflected an increase in compensation of employees. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 7.9 percent in December, compared with 7.2 percent in November. Full Text

Published January 28, 2022 at 09:30PM
Read more at bea.gov

Gross Domestic Product, Fourth Quarter and Year 2021 (Advance Estimate)

| In ,
Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021, following an increase of 2.3 percent in the third quarter. The acceleration in the fourth quarter was led by an upturn in exports as well as accelerations in inventory investment and consumer spending. In the fourth quarter, COVID-19 cases resulted in continued restrictions and disruptions in the operations of establishments in some parts of the country. Government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased as provisions of several federal programs expired or tapered off. Full Text

Published January 27, 2022 at 09:30PM
Read more at bea.gov

U.S. International Trade in Goods and Services, November 2021

| In ,
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services trade deficit was $80.2 billion in November, up $13.0 billion from $67.2 billion in October, revised. November exports were $224.2 billion, $0.4 billion more than October exports. November imports were $304.4 billion, $13.4 billion more than October imports. Full Text

Published January 06, 2022 at 09:30PM
Read more at bea.gov