Personal Income and Outlays, January 2022

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Personal income increased $9.0 billion, or less than 0.1 percent at a monthly rate, while consumer spending increased $337.2 billion, or 2.1 percent, in January. The increase in personal income primarily reflected an increase in compensation of employees that was partly offset by a decrease in government social benefits. The personal saving rate (that...

Gross Domestic Product, 4th Quarter and Year 2021 (Second Estimate)

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Real gross domestic product (GDP) increased at an annual rate of 7.0 percent in the fourth quarter of 2021, following an increase of 2.3 percent in the third quarter. The increase was revised up 0.1 percentage point from the "advance" estimate released in January. The acceleration in the fourth quarter was led by an upturn in exports as well as accelerations...

U.S. International Trade in Goods and Services, December 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 $80.7 billion in December, up $1.4 billion from $79.3 billion in November, revised. December exports were $228.1 billion, $3.4 billion more than November exports. December imports were $308.9 billion, $4.8 billion more than...