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Personal Spending Remained Soft in March Despite Decent Income Growth

The Bureau of Economic Analysis said that personal spending remained soft in March, up just 0.1 percent, despite decent income growth. Personal consumption expenditures had increased by 0.2 percent in...

Personal Income increased 0.4% in March, Spending increased 0.1%

The BEA released the Personal Income and Outlays report for March: Personal income increased $57.4 billion, or 0.4 percent,... according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $12.8 billion,...Show More Summary

Afternoon Coffee: GDP Grows Just 0.5% in Q1, Consumer Comfort Index Rises

Categories: Afternoon Coffee Tags: General News U.S. gross domestic product increased 0.5% in the first quarter of the year, the Bureau of Economic Analysis reported today. The subdued growth in GDP reflected a dip in consumer spending and business investment as well as a deceleration in government spending. Show More Summary

Another Weak Quarter for U.S. GDP

Jim Hamilton: Another weak quarter for U.S. GDP: The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 0.5% annual rate in the first quarter. That’s disappointing, even by standards of the weak growth that has...

Another weak quarter for U.S. GDP

The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 0.5% annual rate in the first quarter. That’s disappointing, even by standards of the weak growth that has become the norm since getting out of the Great Recession. Housing investment was one bright point. Another was growth in government spending at […]

The U.S. Economy Had Sluggish Start to 2016

The Bureau of Economic Analysis said that the U.S. economy grew just 0.5 percent in the first quarter of 2016, signifying a sluggish start to the year. This was slightly...

Cost Of a Car In The Year You Were Born

AxleGeeks used data from the U.S. Bureau of Economic Analysis to calculate the average price of a car in every year since 1967 and then determined how much the same car would cost in 2016 dollars using the national consumer price index. We also included the price differential from year to year, which varied considerably.

U.S. Trade Deficit Widened in February, with Manufactured Goods Exports Down Sharply Year-to-Date

The Census Bureau and the Bureau of Economic Analysis said that the U.S. trade deficit widened to its highest level in six months. The trade deficit rose from $45.88 billion...

Trade Deficit Increased in February to $47.1 Billion

The Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $47.1 billion in February, up $1.2 billion from $45.9 billion in January, revised. Show More Summary

Personal Spending Data Reflect a Public That Continues to Hold Back on Purchases

The Bureau of Economic Analysis said that personal spending rose 0.1 percent in February. More importantly, personal consumption expenditures were revised sharply lower for January, up just 0.1 percent instead...

The Fed's Next Headache: One Third Of Q1 GDP Growth Was Just "Revised" Away

On Friday, the US government's Bureau of Economic Analysis had some good and some not so good news: the good news was that the final estimate of Q4 GDP was revised higher from 1.0% to 1.4% (driven by an odd rebound in spending on Transportation and Recreational services). Show More Summary

Personal Income increased 0.2% in February, Spending increased 0.1%

The BEA released the Personal Income and Outlays report for February: Personal income increased $23.7 billion, or 0.2 percent... according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $11.0 billion,...Show More Summary

"Worse Than 2008" World Trade Collapses To 10 Year Lows

Submitted by Wolf Richter via WolfStreet.com, This wasn’t part of the rosy scenario. The Merchandise World Trade Monitor by the CPB Netherlands Bureau for Economic Policy Analysis, a division of the Ministry of Economic Affairs, tracks global imports and exports in two measures: by volume and by unit price in US dollars. Show More Summary

Afternoon Coffee: GDP Growth Slows in Q4, MIT Tests Underground Drones for Delivery Services

Categories: Afternoon Coffee Tags: General News Fourth quarter U.S. GDP grew 1.4% from the third quarter in 2015, according to data from the Bureau of Economic Analysis. Growth was slightly slower in the fourth quarter compared to the 2% growth rate seen in the previous three-month period. Show More Summary

Fourth Quarter 2015 Real GDP Revised Higher at 1.4 Percent Growth

The Bureau of Economic Analysis said that real GDP growth grew 1.4 percent at the annual rate in the fourth quarter. This was higher than the prior estimates of 0.7...

Trade Deficit Increased in January to $45.7 Billion

Earlier the Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.7 billion in January, up $1.0 billion from $44.7 billion in December, revised. Show More Summary

Personal Income increased 0.5% in January, Spending increased 0.5%

The BEA released the Personal Income and Outlays report for January: Personal income increased $79.6 billion, or 0.5 percent... in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased...Show More Summary

Personal Spending Improved in January from Softness in December

The Bureau of Economic Analysis said that personal spending increased 0.5 percent in January, its strongest monthly gain since May. This represented a nice improvement after personal consumption expenditures rose...

Real GDP Growth in the Fourth Quarter Revised Slightly Higher, up 1.0 Percent

The Bureau of Economic Analysis said that real GDP growth was revised slightly higher in the fourth quarter, up 1.0 percent at the annual rate instead of the earlier estimate...

NFU Contests TPP Benefits for Ag

The National Farmers Union was unimpressed with the economic analysis on the benefits of the Trans Pacific Partnership (TPP) for agriculture released by Farm Bureau this week and promoted by USDA. “To broadly categorize agriculture as...Show More Summary

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