Bureau of Economic Analysis News

June Sees a Sharp 16% Drop in US Trade Deficit, Reaching $60.2 Billion

The US trade deficit experienced a 16% decline in June, reaching $60.2 billion, with both imports and exports showing decreases. Imports dropped by 3.7% to $337.5 billion, while ex...

US Economy Surges: Q4 2024 GDP Revised Upward to a Robust 2.4% Growth

The US GDP for Q4 2024 was revised up to 2.4%, driven by consumer and government spending, despite a drop in investment. Real GDI surged 4.5%, and corporate profits jumped $204.7 b...

US Personal Spending Surges by 0.4% in November: A Closer Look at the Numbers

The US Bureau of Economic Analysis reports a 0.4% increase in personal consumption expenditures in November, with the PCE price index rising by 0.1% monthly and 2.4% annually.

US Economy Surges: Q3 GDP Growth Revised Up to 3.1%

The US real GDP grew at an annual rate of 3.1% in Q3 2024, revised upward from 2.8%. The growth was driven by increased exports, consumer spending, and federal government spending,...