The BEA Wire | BEA's Official Blog

U.S. Current Account Deficit Widens In Second Quarter 2020 The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $59.0 billion, or 52.9 percent, to $170.5 billion in the second quarter of 2020. The widening reflected an expanded deficit on goods and reduced surpluses on primary income and on services. The second quarter deficit was 3.5 percent of current dollar gross… Read More

Second Quarter Industry, State GDP Stats Come Earlier This Year BEA is speeding up by weeks the release of industry and state statistics that will provide a powerful tool for analyzing the second quarter’s rapid shifts in U.S. economic activity. Read More

July 2020 Trade Gap is $63.6 Billion The U.S. monthly international trade deficit increased in July 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.5 billion in June (revised) to $63.6 billion in July, as imports increased more than exports. The previously published June deficit was $50.7 billion. The goods deficit increased $9.3 billion in July to $80.9 billion. The services surplus decreased $0.8 billion in July… Read More

Personal Income and Outlays, July 2020 Personal income increased 0.4 percent while consumer spending increased 1.9 percent in July, according to estimates released today by the Bureau of Economic Analysis. Read More