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Nondurable Goods Manufacturing Led Growth in the Fourth Quarter Gross Domestic Product by Industry

Nondurable goods manufacturing was the leading contributor to U.S. economic growth in the fourth quarter of 2014. Both private goods- and services-producing sectors contributed to the increase, while the government sector decreased. 55 more words

BEA News

BEA Tool Allows Businesses to Estimate the Economic Impact of Disasters

When a disaster strikes, understanding the economic impact on the affected community is a key to developing a recovery plan. BEA’s regional input-output modeling, RIMS II, 363 more words

BEA News

Timelier, more accurate data: the Commerce Department’s statistical agencies deliver on promise of better data for better decision-making

The Economics and Statistics Administration’s family of statistical agencies – the Bureau of Economic Analysis (BEA) and U.S. Census Bureau – are announcing an important new initiative that will lead to an acceleration of key trade data as well as improved accuracy of the advance estimate of Gross Domestic Product (GDP). 286 more words

BEA News

February 2015 Trade Gap is $35.4 Billion

The U.S. monthly international trade deficit decreased in February 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $42.7 billion in January (revised) to $35.4 billion in February, as imports decreased more than exports. 316 more words

BEA News

Advance Trade Data Aim to Improve First Estimate of Quarterly GDP

The Census Bureau’s plans to produce an advance monthly report on international trade in goods will allow the Bureau of Economic Analysis to incorporate three months of official trade data into its first estimate of quarterly Gross Domestic Product, helping to improve the accuracy of this major economic measure. 263 more words

BEA News

Value of U.S. Liabilities Increased More than U.S. Assets in 2014

The U.S. net international investment position was -$6,915.3 billion (preliminary) at the end of 2014 as the value of U.S. liabilities exceeded the value of U.S. 161 more words

BEA News

Value of U.S. Liabilities Increased More Than U.S. Assets in Fourth Quarter

The U.S. net international investment position was -$6,915.3 billion (preliminary) at the end of the fourth quarter of 2014 as the value of U.S. liabilities exceeded the value of U.S. 180 more words

BEA News