Gross Domestic Product by Industry, 4th Quarter and Year 2019

| In ,
Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019, according to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis. An increase in private services-producing industries was partly offset by a slight decrease in goods-producing industries; the government sector increased. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter. Full Text

Published April 06, 2020 at 08:30PM
Read more at bea.gov

U.S. International Trade in Goods and Services, February 2020

| In ,
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $39.9 billion in February, down $5.5 billion from $45.5 billion in January, revised. February exports were $207.5 billion, $0.8 billion less than January exports. February imports were $247.5 billion, $6.3 billion less than January imports. Full Text

Published April 02, 2020 at 08:30PM
Read more at bea.gov

U.S. International Investment Position, 4th Quarter and Year 2019

| In ,
The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$10.99 trillion at the end of the fourth quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.32 trillion and liabilities were $40.31 trillion. Full Text

Published March 31, 2020 at 08:30PM
Read more at bea.gov