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Blog Category: Bureau of Economic Analysis

Secretary Locke Statement on January 2010 U.S. International Trade in Goods and Services

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U.S. Commerce Secretary Gary Locke issued the following statement on the release of the January 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in January 2010 decreased by 0.3 percent to $142.7 billion since December 2009. Imports in January decreased 1.7 percent over December to $180.0 billion. (More) (Fact sheet) (Release)

Under Secretary Blank Statement on Second Estimate of GDP in the Fourth Quarter 2009

Portrait of Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP was revised up slightly from 5.7 percent at an annual rate to 5.9 percent, primarily reflecting a smaller drawdown of inventories. (More) (Release)

Secretary Locke Statement on December 2009 U.S. International Trade in Goods and Services

Locke speaking from lectern.

File photo

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the December 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in December 2009 increased by 3.3 percent to $142.7 billion since November 2009. Imports in December increased 4.8 percent over November to $182.9 billion. Total U.S. exports decreased by 15 percent to $1.55 trillion for 2009 from 2008. The final trade deficit for 2009 was $381 billion with total U.S. imports of $1.93 trillion. (More) (Release)

Secretary Locke Statement on Advance Estimate of GDP in the Fourth Quarter 2009

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The U.S. Commerce Department’s Bureau of Economic Analysis released the advance estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP rose 5.7 percent at an annual rate, the second consecutive advance and the strongest increase since the third quarter of 2003. "Today's strong GDP showing represents important economic progress that must now be translated into new jobs," Commerce Secretary Gary Locke said. (More) (Release)

Secretary Locke Statement on November 2009 Trade in Goods and Services Report

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U.S. Commerce Secretary Gary Locke issued the following statement on the release of the November 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports increased by 0.9 percent to $138.2 billion since October 2009. Imports increased 2.6 percent to $174.6 billion. (More) (Fact Sheet) (Release)

Under Secretary Blank Locke Statement on November 2009 Personal Income and Outlays

Under Secretary Blank on podium.

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays data for November 2009. Personal income rose 0.4 percent, real disposable personal income increased 0.2 percent and real personal consumption expenditures advanced 0.2 percent. The saving rate in November was unchanged at 4.7 percent. “Consumer spending continues to expand in the fourth quarter of this year in sharp contrast with the declines a year ago,” said Commerce Department Under Secretary Rebecca Blank. (More) (Release)

Under Secretary Blank Statement on Third Estimate of GDP in the Third Quarter 2009

Portrait of Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis released the third estimate of gross domestic product for the third quarter of 2009. Growth in real GDP was 2.2 percent at an annual rate, revised from the previous estimate of 2.8 percent. “The third-quarter gain marked the start of an economic recovery after a very deep recession,” U.S. Commerce Under Secretary Rebecca Blank said. “Consumer spending, residential construction and imports and exports have all moved from declines into positive growth in the third quarter.” (More) (Release)

Secretary Locke Statement on October 2009 Trade Numbers

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On the eve of his trip to Copenhagen, U.S. Commerce Secretary Gary Locke issued the following statement on the release of the October 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports increased by 2.6 percent to $136.8 billion since September 2009. Imports to the U.S. increased 0.4 percent to $169.8 billion. The trade deficit shrank 7.6 percent to $32.9 billion from a revised $35.7 in September. (More) (Release) (Fact sheet)

Statement from Under Secretary Blank on October 2009 Personal Income and Outlays

Portrait of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for October 2009. Personal income rose 0.2 percent, real disposable personal income increased 0.2 percent, and real personal consumption expenditures advanced 0.4 percent. “Consumer spending began the fourth quarter with a favorable gain. Motor vehicles sales rebounded from their September fall after the ‘Cash for Clunkers’ program ended, and other purchases increased as well,” said Commerce Under Secretary Rebecca Blank. (More) (Release)

Under Secretary Blank Statement on Second Estimate of Third Quarter GDP 2009

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The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the third quarter of 2009. Real GDP rose 2.8 percent at an annual rate, down moderately from the advance estimate of 3.5 percent. Most private analysts had expected a revision to 2.7 percent in the third quarter. (More) (Release)