Personal Income and Outlays, August 2022 and Annual Update

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Personal income increased $71.6 billion, or 0.3 percent at a monthly rate, while consumer spending increased $67.5 billion, or 0.4 percent, in August. The increase in personal income primarily reflected increases in compensation and proprietors' income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.5 percent in August, the same rate as in July. Full Text

Published September 30, 2022 at 08:30PM
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Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual Update

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Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The second-quarter decrease was the same as previously estimated in the "second" estimate released in August. The smaller decrease in the second quarter, compared to the first quarter, reflected an upturn in exports and an acceleration in consumer spending. Profits increased 4.6 percent at a quarterly rate in the second quarter after increasing 0.1 percent in the first quarter. Private goods-producing industries decreased 10.4 percent, private services producing industries increased 2.0 percent, and government decreased 0.2 percent. Overall, 9 of 22 industry groups contributed to the second-quarter decline in real GDP. Full Text

Published September 29, 2022 at 08:30PM
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U.S. International Investment Position, 2nd Quarter 2022

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The U.S. net international investment position (IIP), the difference between U.S. residents' foreign financial assets and liabilities, was -$16.31 trillion at the end of the second quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $30.98 trillion, and liabilities were $47.29 trillion. At the end of the first quarter, the net investment position was -$17.75 trillion. Full Text

Published September 28, 2022 at 08:30PM
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U.S. International Transactions, 2nd Quarter 2022

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The U.S. current-account deficit narrowed by $31.5 billion, or 11.1 percent, to $251.1 billion in the second quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $282.5 billion. The second-quarter deficit was 4.0 percent of current-dollar gross domestic product, down from 4.6 percent in the first quarter. Full Text

Published September 22, 2022 at 08:30PM
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U.S. International Trade in Goods and Services, July 2022

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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.6 billion in July, down $10.2 billion from $80.9 billion in June, revised. July exports were $259.3 billion, $0.5 billion more than June exports. July imports were $329.9 billion, $9.7 billion less than June imports. Full Text

Published September 07, 2022 at 08:30PM
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Gross Domestic Product for American Samoa, 2021

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Real gross domestic product (GDP) for American Samoa decreased 1.7 percent in 2021 after increasing 5.0 percent in 2020. The decrease in real GDP reflected decreases in exports and private inventory investment. These decreases were partly offset by increases in personal consumption expenditures, government spending, and private fixed investment. Full Text

Published September 01, 2022 at 11:30PM
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