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California is officially bigger than France

California is officially the 6th largest economy in the world. The Bureau of Economic Analysis's latest data on state growth showed that the west coast state's economic output for 2015 came in at $2.46 trillion. That number pushes California's...Show More Summary

Economic Output: If States Were Countries, California Would Be France

AEI graphic: data from Bureau of Economic Analysis and International Monetary Fund This article first appeared on the American Enterprise Institute site. The map above was created (with assistance from AEI’s graphic design director Olivier Ballou) by matching the economic output (GDP) in each U.S. Show More Summary

Trade Deficit Rose in April, Manufactured Goods Exports Continue to Struggle

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit rose from $35.54 billion in March to $37.44 billion in April. The increase stemmed from...

Trade Deficit at $37.4 Billion in April

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 $37.4 billion in April, up $1.9 billion from $35.5 billion in March, revised. Show More Summary

Just Three Things

Submitted by Lance Roberts via RealInvestmentAdvice.com, Fed Stops Profits Recession Over the last several months, I have discussed the ongoing profits recession as reported by the Bureau of Economic Analysis. To wit: “As Jeremy Grantham...Show More Summary

Personal Spending Rebounded Strongly in April after Stagnating in March

The Bureau of Economic Analysis said that personal spending rebounded strongly in April after stagnating in March. Personal consumption expenditures rose 1.0 percent in April, its largest monthly gain since...

Personal Income increased 0.4% in April, Spending increased 1.0%

The BEA released the Personal Income and Outlays report for April: Personal income increased $69.8 billion, or 0.4 percent...in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $119.2...Show More Summary

Real GDP Growth in the First Quarter Improved to 0.8 Percent, but Still a Disappointing Start to Year

The Bureau of Economic Analysis said that the U.S. economy grew by 0.8 percent in the first quarter of 2016, up from the prior estimate of 0.5 percent. The revision...

Trade Deficit decreased in March to $40.4 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 $40.4 billion in March, down $6.5 billion from $47.0 billion in February, revised. Show More Summary

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

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