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Blog Category: Analysis

Report on Gross Domestic Product Statistics for Four U.S. Territories Released

Click for larger image. Pictured: Nikolao Pula, Director of the Office of Insular Affairs, U.S. Department of the Interior; Kiran Ahuja, Executive Director of the White House Initiative on Asian Americans and Pacific Islanders; Pictured: Rebecca M Blank, Under Secretary for Economic Affairs, U.S. Department of Commerce;  Rep. Gregorio Kilili Camacho, Northern Mariana Islands; Rep. Madeleine Bordallo, Guam; Rep. Eni Faleomavaega, America Samoa; Rep. Donna Christensen, Virgin Islands; Steve Landefeld, Director of the Bureau of Economic Analysis, U.S. Department of Commerce.

The U.S. Department of Commerce released newly-developed Gross Domestic Product (GDP) statistics for American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and the U.S. Virgin Islands. The statistics are a product of a joint effort of the Department of Commerce’s Bureau of Economic Analysis and the Interior Department’s Office of Insular Affairs. Policy makers will now have an objective view of the size of these economies, their growth or contraction, and their major components in order to conduct economic-impact analysis on the effects of local and national policy decisions. (More)

Statement from Under Secretary Blank on March 2010 Personal Income and Outlays

Blank portrait.

Washington (May 3)—The U.S. Commerce Department’s Bureau of Economic Analysis released personal income and outlays data for March 2010. Personal income increased 0.3 percent in March, and real disposable personal income rose 0.2 percent. Real personal consumption expenditures increased 0.5 percent in March. “Today’s personal income data, particularly the growth in employee compensation, indicates that the recovery is taking hold across America,” said U.S. Commerce Department Under Secretary for Economic Affairs Rebecca Blank.” (More) (Release—PDF)

Secretary Locke Statement on Advance Estimate of Real GDP in the First Quarter of 2010

Department of Commerce seal.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the first estimate of gross domestic product (GDP) for the first quarter of 2010. Real GDP grew 3.2 percent at an annual rate in the first quarter, consistent with private-sector expectations. “With a third-straight quarter of growth, it’s clear America’s economy is turning around,” U.S. Commerce Secretary Gary Locke said. “But Americans remain rightly focused on their personal financial situations and jobs. Wall Street reform is an essential part of securing the future for our families and businesses. (More) (Release)

NOAA: Global Temps Push Last Month Hottest March on Record

Temperature anomolies map. Click for larger image.

The world’s combined global land and ocean surface temperature made last month the warmest March on record, according to Commerce’s National Oceanic and Atmospheric Administration (NOAA). Taken separately, average ocean temperatures were the warmest for any March and the global land surface was the fourth warmest for any March on record. Additionally, the planet has seen the fourth warmest January-March period on record. The monthly National Climatic Data Center analysis, which is based on records going back to 1880. (More) (Temperature anomalies graphic). (State of the Climate report)

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

Department of Commerce seal

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the February 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 February 2010 increased by 0.2 percent to $143.2 billion from their January 2010 level. Imports in February increased 1.7 percent over January to $182.9 billion. (More) (Release) (Fact sheet)

Statement from Under Secretary Blank on Personal Income and Outlays in February 2010

Portrait photo of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for February 2010. Personal income and real disposable income were nearly unchanged in February. Real personal consumption expenditures increased 0.3 percent. “Today’s data indicate that, as the Administration’s economic recovery efforts have pulled us back from the brink and taken hold, American families have been able to save more and improve their financial positions,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)

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

Department of Commerce seal.

The U.S. Commerce Department’s Bureau of Economic Analysis released the third estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP grew 5.6 percent at an annual rate, nearly unchanged from the previous estimate of 5.9 percent. “As more fourth quarter data become available, it is evident that the administration’s efforts to promote economic recovery have helped create the conditions that lead to economic growth,” Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)

NOAA: Sixth-Warmest February in Combined Global Surface Temperature, Fifth-Warmest December-February

Last month’s combined global land and ocean surface temperature made it the sixth-warmest February ever recorded. Additionally, the December 2009-February 2010 period was the fifth-warmest on record averaged for any similar three-month Northern Hemisphere winter-Southern Hemisphere summer season, according to scientists at NOAA’s National Climatic Data Center in Asheville, N.C. Based on records going back to 1880, the monthly NCDC analysis is part of the suite of climate services NOAA provides to businesses, communities and governments so they may make informed decisions to safeguard their social and economic well-being. (More)

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

Department of Commerce seal.

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

Commerce seal

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

Department of Commerce seal

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

Department of Commerce seal

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)

NOAA: U.S. Temperatures Slightly Above Average, Precipitation Above Normal for 2009

Map showing U.S. temeperatures. Click for full-size map.

Global surface temperatures for 2009 will be well above the long-term average, while the annual temperature for the contiguous United States will likely be above the long-term average, according to a preliminary analysis by NOAA’s National Climatic Data Center in Asheville, N.C. The analysis is based on global records, which began in 1880 and U.S. records beginning in 1895. (More) (Temp map) (Precip map) (Precip 1895-2009 graph)

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

DOC seal.

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)

NOAA Reports Combined Global Surface Temperature Was Sixth Warmest for October

Photo of melting ice in Arctic Ocean.

The combined global land and ocean surface temperature was the sixth warmest October on record, according to NOAA’s National Climatic Data Center in Asheville, N.C. Based on records going back to 1880, the monthly National Climatic Data Center analysis is part of the suite of climate services NOAA provides. NCDC scientists reported that the average land surface temperature for October was also the sixth warmest on record. Additionally, the global ocean surface temperature was the fifth warmest on record for October. (More)

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

Department of Commerce seal.

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

Department of Commerce seal.

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)

NOAA: September Temperatures Above-Average for the U.S

Map showing average temperatures. Click for larger image.

September 2009 average temperature for the contiguous United States was above the long-term average, according to NOAA’s monthly State of the Climate report issued today. Based on records going back to 1895, the monthly National Climatic Data Center analysis is part of the suite of climate services NOAA provides. The average September temperature of 66.4 degrees F was 1.0 degree F above the 20th century average. Precipitation across the contiguous United States in September averaged 2.48 inches, exactly the 1901-2000 average. (More)

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

Portrait of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis released personal income and outlays for August 2009. Personal income rose 0.2 percent, real personal consumption expenditures jumped 0.9 percent, and real disposable personal income decreased 0.2 percent. “The recent growth in consumer spending along with the gains in housing activity, exports and industrial production suggest that the economy is beginning to expand after contracting in four consecutive quarters,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)

Statement from Chief Economist Doms on Third Estimate of GDP

Portrait of Mark Dom.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the third estimate of real gross domestic product (GDP) for the second quarter of 2009. The drop in real GDP was revised modestly to 0.7 percent at an annual rate from the second estimate of 1.0 percent. Most analysts had expected a decrease of 1.2 percent. The modest revision primarily reflected an upward revision to non-residential fixed investment. “Today's revision of real GDP in the second quarter indicates that the economy has begun to stabilize,” Mark Doms, chief economist at the U.S. Commerce Department, said. (More) (Release)

NOAA: Warmest Global Sea-Surface Temperatures for August and Summer

NOAA Visualization

The world’s ocean surface temperature was the warmest for any August on record, and the warmest on record averaged for any June-August (Northern Hemisphere summer/Southern Hemisphere winter) season according to NOAA’s National Climatic Data Center in Asheville, N.C. The preliminary analysis is based on records dating back to 1880. NCDC scientists also reported that the combined average global land and ocean surface temperature for August was the second-warmest on record, behind 1998. For the June-August 2009 season, the combined global land and ocean surface temperature was the third-warmest on record. (More)

Secretary Locke Statement on July 2009 Trade Numbers

Department of Commerce seal.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the July 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 2.2 percent to $127.6 billion since June 2009. Imports increased 4.7 percent to $159.6 billion. (More) (Fact Sheet)

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

Blank portrait.

The U.S. Commerce Department's Bureau of Economic Analysis today released personal income and outlays for July 2009. Real personal spending increased 0.2 percent and personal income increased less than 0.1 percent, after decreasing 1.1 percent in June. “During the first half of the year, more than 95 percent of working families benefitted from tax relief under the Recovery Act, which has boosted Americans’ disposable income,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. “This increase has helped stabilize economic conditions in the wake of the worst economic environment in generations.” (Release)

Statement From Undersecretary Blank on Second Estimate of GDP in Second Quarter of 2009

Department of Commerce seal.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the second quarter of 2009. Real GDP declined at a 1.0-percent annual rate, unchanged from the advance estimate. Most analysts had expected a larger drop of 1.5 percent. “The economy’s better than expected performance in the 2nd quarter suggests that it is beginning to stabilize,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (BEA Release)

NOAA: Warmest Global Ocean Surface Temperatures on Record for July

Image of Earth featuring oceans. Click for larger image.

The planet’s ocean surface temperature was the warmest on record for July, breaking the previous high mark established in 1998, according to an analysis by NOAA’s National Climatic Data Center in Asheville, N.C. The combined average global land and ocean surface temperature for July 2009 ranked fifth-warmest since world-wide records began in 1880. The July ocean surface temperature departure of 1.06 degrees F from the long-term average equals last month’s value, which was also a record. (More) (National Climatic Data Center) (June Analysis)

Secretary Locke Statement on Trade Numbers

Department of Commerce seal.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the June 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 percent to $125.8 billion, which closely tracked the increase in imports, which rose 2.3 percent to $152.8 billion. The trade gap widened to $27 billion from $26 billion, better than analysts’ expectations. (More) (Release) (Fact Sheet)

Study: Better Observations, Analyses Detecting Short-Lived Tropical Systems

Satellite image of Tropical Storm Chantal forming south of Halifax, Nova Scotia. Click for larger image.

A NOAA-led team of scientists has found that the apparent increase in the number of tropical storms and hurricanes since the late 19th and early 20th centuries is likely attributable to improvements in observational tools and analysis techniques that better detect short-lived storms. The new study shows that short-lived tropical storms and hurricanes, defined as lasting two days or less, have increased from less than one per year to about five per year from 1878 to 2008. (More)

BEA: Personal Income Growth for Metropolitan Areas Slows in 2008 Over 2007

Map of U.S. indicating percent change of personal income.

Personal income growth slowed in 2008 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the Department of Commerce’s U.S. Bureau of Economic Analysis (BEA). Personal income growth slowed in 322 MSAs, increased in 42, and remained unchanged in 2 MSAs. On average, MSA personal income grew 3.3 percent in 2008, down from 6.0 percent in 2007. Advance metropolitan area income estimates for 2008 are available interactively on BEA's Web site at www.bea.gov/regional/reis/ and select table AMSA. (More)

Commerce Secretary Locke Statement on 2nd Quarter GDP Numbers

Photo of Secretary Locke.

File Photo

The Commerce Department’s Bureau of Economic Analysis released data on GDP in the second quarter along with comprehensive revisions to the historical GDP data. Real GDP declined 1.0 percent at an annual rate in the second quarter, better than the private-sector expected drop of 1.5 percent. This decline is noticeably less than the larger decreases of 5.4 percent in the fourth quarter of 2008 and 6.4 percent in the first quarter of 2009. (More)

NOAA: Global Ocean Surface Temperature Warmest on Record for June

Image of Earth featuring oceans. Click for larger image.

The world’s ocean surface temperature was the warmest on record for June, breaking the previous high mark set in 2005, according to a preliminary analysis by NOAA’s National Climatic Data Center in Asheville, N.C., a bureau of the Department of Commerce. Additionally, the combined average global land and ocean surface temperature for June was the second-warmest on record. The global records began in 1880. (More) (National Climatic Data Center)

Secretary Locke Statement on Trade Numbers

Photo of Secretary Locke.

File Photo

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the May 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 1.6 percent to $123.3 billion since April 2009. Imports decreased 0.6 percent to $149.3 billion. The goods and services trade deficit has fallen to the lowest level in this decade. Overall, the trade deficit declined by 9.8 percent during the month. (More) (Fact Sheet)

El Niño Arrives: Expected to Persist Through Winter 2009-2010

Image of sea surface temperatures along the equatorial Eastern Pacific, as of July 1. Click for larger image.

The Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) announced the arrival of El Niño, a climate phenomenon with a significant influence on global weather, ocean conditions and marine fisheries. El Niño, the periodic warming of central and eastern tropical Pacific waters, occurs on average every two to five years and typically lasts about 12 months. NOAA expects this El Niño to continue developing during the next several months, with further strengthening possible. The event is expected to last through winter 2009-2010. (More) (Animation)

NOAA: U.S. Contiguous States Temperature Warmer Than Average for May

Map of U.S. states. Click for larger image.

The U.S. Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) reports that the May 2009 temperature for the contiguous United States was above the long-term average, based on records going back to 1895, according to an analysis by NOAA’s National Climatic Data Centerin Asheville, N.C. The average May temperature of 62.5 degrees F was 1.4 degrees F above the 20th century average. Precipitation across the contiguous United States in May averaged 3.22 inches, which is 0.35 inch above the 1901-2000 average. (More)

Dr. Rebecca Blank Sworn In as Under Secretary for Economic Affairs, Top Advisor to Secretary Locke

Photo of Under Secretary Rebecca Blank being sworn in by Director of Executive Services Denise A. Yaaag.

Dr. Rebecca Blank was sworn in as the new Under Secretary of Commerce for Economic Affairs. Dr. Blank will oversee two of the nation’s preeminent statistical agencies: the U.S. Census Bureau and the Bureau of Economic Affairs. She will also serve as the top economic advisor to Commerce Secretary Gary Locke. “In Dr. Blank we have the right person to handle a series of looming challenges,” Locke said. “She will help the Census Bureau conduct an accurate and complete count in the 2010 Census, and I’m relying on her to provide sound economic data and analysis to guide the nation through the worst economic crisis in 60 years.” (More) (Bio)

Secretary Locke Statement on March 2009 Trade Numbers

Department of Commerce seal.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the March 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 decreased by 2.4 percent to $123.6 billion since February 2009. Imports decreased 1.0 percent to $151.2 billion. Overall, the trade deficit grew 5.5 percent during the same time period. “Today’s numbers are better than many economists predicted, and it’s worth noting that the trade deficit is half of what it was in the first quarter of 2008.” (More) (Fact Sheet)

Commerce Secretary Gary Locke Statement on Trade Numbers

DOC seal.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the February 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 1.6 percent to $126.8 billion since January 2009. Imports decreased 5.1 percent to $152.7 billion. Overall, the trade deficit shrank 28.3 percent during the same time period. (More)

New Deep-Sea Coral Discovered on NOAA-Supported Mission

Image of orange bamboo coral is another new species and new genus found in the Papahanaumokuakea Marine National Monument. It is between four and five feet tall, and was found 5,745 feet below the surface. Click for larger image.

Scientists identified seven new species of bamboo coral discovered on a NOAA-funded mission in the deep waters of the Papahānaumokuākea Marine National Monument. Six of these species may represent entirely new genera, a remarkable feat given the broad classification a genus represents. A genus is a major category in the classification of organisms, ranking above a species and below a family. Scientists expect to identify more new species as analysis of samples continues. (More)

BEA Sets Benchmark Highs in Organizational Assessment Survey

BEA logo.

The Commerce Department’s Bureau of Economic Analysis ranked highest among all federal agencies participating in the 2008 Organizational Assessment Survey, conducted by the Office of Personal Management. BEA achieved the highest scores ever recorded on the survey in six key areas, including leadership and quality, innovation, and performance measures. Among the 23 agencies involved in the latest survey of organizational climate, BEA scored above the median in all areas. BEA produces some of the world’s most closely-watched economic statistics, including U.S. Gross Domestic Product. (Organizational Assessment Survey). (Summary Sheet)

BEA and Census Release Data on U.S. International Trade in Goods and Services

Department of Commerce seal.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total December exports of $133.8 billion and imports of $173.7 billion resulted in a goods and services deficit of $39.9 billion, down from $41.6 billion in November, revised. December exports were $8.5 billion less than November exports of $142.3 billion. December imports were $10.2 billion less than November imports of $183.9 billion. (More) (U.S. Export Fact Sheet)