Tag Archives: Bureau of Economic Analysis

Personal income jumped 0.6 percent in November--twice what economists forecast--improving $85.8 billion, while spending rose a hefty 0.4 percent, the Bureau of Economic Analysis. The growth in spending matched economists’ forecasts.

Real GDP growth for the third quarter was revised up again, the Bureau of Economic Analysis reported Thursday, reaching a 3.1 percent annualized growth rate. It was only the third time in the last five years the quarterly growth rate topped 3.0 percent. Economists had forecast a 2.8 percent growth.

Consumer spending fell $20.2 billion in October as personal income remained relatively flat, the Bureau of Economic Analysis (BEA) reported Friday. The October report marked the first time since June in which income growth--however modest--exceeded spending. Still, income growth was the weakest it has been since last November, when it fell $31.1 billion in one month--a decline that was completely reversed one month later.

Real GDP growth for the third quarter was revised up significantly, the Bureau of Economic Analysis reported Thursday, reaching a 2.7 percent annualized growth. Economists had forecast a 2.8 percent growth rate. The report on GDP was the second of three monthly reports and billed as the ""second estimate."" The report on profits was the first of two and labeled ""preliminary."" Final reports on both will be released December 20.

Consumer spending rose $87.9 billion, 0.8 percent, in September, twice the 0.4 percent growth in personal income, the Bureau of Economic Analysis reported Monday. While the increase in income matched economist expectations, the increase in spending was higher than the forecast. It was the third straight month spending grew faster than income.

Led by increases in personal consumption, government spending and residential investment, the U.S. economy grew 2.0 percent in the third quarter, the Bureau of Economic Analysis reported Friday, faster than economists expected and a strong rebound from the 1.3 percent growth rate in the second quarter. Economists surveyed by Bloomberg had expected an increase of 1.9 percent.

First-time claims for unemployment insurance edged up by 4,000 to 367,000 for the week ended September 29, the Labor Department reported Thursday. The previous week's report was revised upward to 363,000 first-time claims from the originally reported 359,000.

Real gross domestic product - the output of goods and services produced by labor and property located in the United States - increased at an annual rate of 1.3 percent in the second quarter of 2012, down sharply from the 1.7 percent growth rate reported one month ago, the Bureau of Economic Analysis reported Thursday. In the first quarter, real GDP increased 2.0 percent.

Personal income rose $42.3 billion in July but consumer spending increased $46.0 billion, the Bureau of Economic Analysis reported Thursday. The increase in income 0.3 percent topped expectations of a 0.3 percent boost, and the 0.04 percent increase in spending also met economist expectations.

The U.S. economy grew in the second quarter at 1.7 percent, slightly faster than the originally estimated 1.5 percent, the Bureau of Economic Analysis reported Wednesday. At the same time, BEA reported the second quarter grew at a meager 0.5 percent from the first quarter, but an improvement from the 2.7 percent drop in corporate profits registered in the first quarter. Profits in the financial sector though fell more than 9 percent.