Published May 4, 2015
BEA , BEA News
Tags: BEA, BEA News, exports, import
The Bureau of Economic Analysis launched today a new data tool on its website that gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.
These fast facts at your fingertips can include:
- Total exports, imports and trade balance between the United States and the country you select.
- The top five categories of goods and services the United States buys from and sells to that country.
- Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.
The country snapshots, or factsheets, also contain charts and can be printed or downloaded to a spreadsheet. The new data tool pulls statistics from BEA’s international data sets on exports, imports, direct investment, and the activities of multinational enterprises into a single easy-to-digest resource. Similar to the BEA’s BEARFACTS regional factsheets for state and regional economic data, the new international factsheets can be used to quickly get up to speed for a business presentation, a news story, or a school research project.
Users select a country from an interactive world map or a searchable menu of countries. The tool generates a country factsheet with graphs and tables showing the latest data on U.S. trade and investment with that country. A PDF of the factsheet is available for easy printing. The tool also provides data tables containing more detailed statistics that can be downloaded in Excel format.
To access the new international data tool, visit http://bea.gov/international/factsheet/.
Personal income increased less than 0.1 percent in March after rising 0.4 percent in February. Wages and salaries, the largest component of personal income, rose 0.2 percent in March after rising 0.3 percent in February.
Current-dollar disposable personal income (DPI), after-tax income, increased less than 0.1 percent in March after rising 0.5 percent in February.
Real DPI, income adjusted for taxes and inflation, decreased 0.2 percent in March after increasing 0.3 percent in February.
Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in March after decreasing less than 0.1 percent in February. Spending on durable goods increased 2.0 percent in March after decreasing 1.1 percent February.
PCE prices increased 0.2 percent in March, the same increase as in February. Excluding food and energy, PCE prices increased 0.1 percent in March, the same increase as in February.
Personal saving rate
Personal saving as a percent of DPI was 5.3 percent in March and 5.7 percent in February.
For more information, read the full report.
Real gross domestic product (GDP) increased 0.2 percent in the first quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2014, real GDP increased 2.2 per- cent. In the first quarter, the dollar strengthened against major currencies, imports and exports were delayed be- cause of labor disputes in key ports, energy prices declined, and several regions experienced severe weather.
First-quarter GDP highlights
The following contributed to the increase in real GDP:
- Consumer spending increased, mainly on household services.
- Inventory investment increased, notably in the nondurable-goods manufacturing industry.
These positive contributions to real GDP growth were largely offset by the following:
- The trade deficit widened in the first quarter, reflecting a decline in goods exports.
- Business investment declined, notably in mining exploration, shafts, and wells.
- State and local government spending declined.
Personal income and personal saving
Real disposable personal income (DPI)—personal income adjusted for inflation and taxes—increased 6.2 percent in the first quarter, compared with 3.6 percent in the fourth quarter of 2014. Personal saving as a percentage of current-dollar DPI was 5.5 percent, compared with 4.6 percent.
Prices of goods and services bought by U.S. resi- dents decreased 1.5 percent in the first quarter, after decreasing 0.1 percent in the fourth quarter of 2014. The first-quarter decline was the largest since the first quarter of 2009.
Energy prices declined more than in the fourth quarter. Food prices also fell.
Excluding food and energy, prices increased 0.3 percent in the first quarter after increasing 0.7 percent in the fourth quarter.
For more information, read the full report.