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U.S. Bureau of Economic Analysis
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U.S. Bureau of Economic Analysis
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U.S. International Trade in Goods and Services
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department
of Commerce, announced today that total May exports of $157.5 billion and imports of
$217.3 billion resulted in a goods and services deficit of $59.8 billion, down from $60.5
billion in April, revised. May exports were $1.4 billion more than April exports of
$156.2 billion. May imports were $0.7 billion more than April imports of $216.7 billion.
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Personal Income and Outlays: May 2008
Personal income increased $225.7 billion, or 1.9 percent, and disposable personal income (DPI)
increased $600.3 billion, or 5.7 percent, in May, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $77.4 billion, or 0.8 percent. In April, personal
income increased $33.5 billion, or 0.3 percent, DPI increased $39.8 billion, or 0.4 percent, and PCE
increased $41.1 billion, or 0.4 percent, based on revised estimates.
Real disposable income increased 5.3 percent in May, compared with an increase of 0.1 percent in
April. Real PCE increased 0.4 percent, compared with an increase of 0.2 percent.
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U.S. Net International Investment Position at Yearend 2007
The U.S. net international investment position at yearend 2007 was
-$2,441.8 billion (preliminary), as the value of foreign investments in the
United States continued to exceed the value of U.S. investments abroad. At yearend 2006, the U.S. net international investment position was
-$2,225.8 billion (revised).
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Gross Domestic Product and Corporate Profits: First Quarter 2008 (final)
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 1.0 percent in the first quarter of 2008 (that
is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of
Economic Analysis. In the fourth quarter, real GDP increased 0.6 percent.
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State Quarterly Personal Income, 1st quarter 2007-1st quarter 2008
U.S. personal income grew 1.1 percent in the first quarter of 2008, after growing 1.2 percent in the last quarter of 2007, according to estimates released today by the U.S. Bureau of Economic Analysis. Across states, personal income growth ranged from 7.6 percent in North Dakota to -1.9 percent in Arkansas.
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