Tag Archives: Bureau of Economic Analysis

Personal income rose $61.8 billion in June but consumers held on to it as personal spending fell 1.3 billion in the month, the Bureau of Economic Analysis reported Tuesday. The increase in income - 0.5 percent - topped expectations of a 0.4 percent boost, but the 0.01 percent decline in spending fell short of the 0.1 percent increase economists had expected.

The U.S. economy grew at a disappointing 1.5 percent in the second quarter, the Bureau of Economic Analysis reported Friday, down from an upwardly revised 2.0 percent growth rate in the first quarter but better than expected. The growth pace is below the 3.0 percent level needed to add jobs to make a dent in the nation’s unemployment rate. Indeed the GDP report covered the same quarter which saw the weakest job growth – 225,000 jobs – since the third quarter of 2010 when the economy grew at a relatively robust 2.5 percent.

In May, consumer spending fell less than 0.1, or by $4.7 billion, reversing the 0.15 percent increase in April, the Bureau of Economic Analysis reported Friday. Personal income meanwhile grew $25.4 billion or 0.18 percent, down from April's 0.22 percent growth.

The US economy grew at an annual rate of 1.9 percent in the first quarter, the Bureau of Economic Analysis reported Thursday in its third estimate of economic performance in the first quarter. The BEA report was consistent with market expectations but emphasized a moribund economy.

Consumer spending grew just 0.3 percent in April, up slightly from 0.2 percent in March, the Bureau of Economic Analysis reported Friday. Economists had expected spending to be up 0.3 percent. At the same time, personal income grew 0.2 percent in April, BEA said, compared with market expectations of a 0.

The U.S. economy grew at a disappointing 1.9 percent in the first quarter slower than the initially calculated 2.2 percent annualized rate, the Bureau of Economic Analysis reported Thursday. The BEA report was consistent with market expectations but emphasized a moribund economy.

Consumer spending grew 0.8 percent in February, the Bureau of Economic Analysis reports. The latest numbers are fueling expectations for a stronger first-quarter economic surge than economists had forecast. Consumer spending grew faster than the 0.6 percent market consensus. However, personal income grew just 0.2 percent in February, which was half the growth rate expected by economists. In dollars, spending increased $86 billion in February while income grew $28.2 billion. Consumer spending represents about 70.6 percent of the nation's gross domestic product.

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 3.0 percent in the fourth quarter of 2011, the Bureau of Economic Analysis reported Wednesday, unchanged from the estimate issued a month ago, consistent with market expectations.

Personal Income rose 0.3 percent in January, compared with market expectations for an increase of 0.5 percent. Personal income grew 3.6 percent in the last year. Consumer Spending grew 0.2 percent, compared with market expectations for an increase of 0.4 percent.

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 3 percent in the fourth quarter of 2011, the Bureau of Economic Analysis reported Wednesday. In its initial report on fourth quarter GDP, the BEA had said the nation's economy grew at a 2.8 percent pace. Economists had forecast no change in the ""advance"" GDP estimate issued last month.