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Blog Category: Bureau of Economic Analysis

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

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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)

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

Portrait of Secretary Locke.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the September 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 2.9 percent to $132.0 billion since August 2009. Imports increased 5.8 percent to $168.4 billion. (More)

Commerce Secretary Locke Statement on Third Quarter GDP

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The Commerce Department’s Bureau of Economic Analysis released data on GDP in the third quarter. Real GDP increased 3.5 percent at an annual rate in the third quarter, after declining in five of the preceding six quarters. The gain marked the largest quarterly advance since the third quarter of 2007. (More) (Release)

Secretary Locke Statement on Trade Numbers

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U.S. Commerce Secretary Gary Locke issued the following statement on the release of the August 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 0.2 percent to $128.2 billion since July 2009. Imports declined 0.6 percent to $158.9 billion. (More) (Release) (Fact Sheet)