Real Consumer Spending Rises in November

December 21, 2018

Personal income increased 0.2 percent in November after increasing 0.5 percent in October. Wages and salaries, the largest component of personal income, increased 0.2 percent in November after increasing 0.4 percent in October.

December 21, 2018

Real gross domestic product (GDP) increased 3.4 percent in the third quarter of 2018, according to the third estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.1 percentage point from the second estimate released in November. In the second quarter, real GDP increased 4.2 percent.

December 20, 2018

State personal income increased 4.0 percent at an annual rate in the third quarter of 2018, an acceleration from the 3.4 percent increase in the second quarter. Personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.2 percent in Nevada and Washington to 2.1 percent in Missouri.

December 19, 2018

The U.S. current-account deficit increased to $124.8 billion (preliminary) in the third quarter of 2018 from $101.2 billion (revised) in the second quarter of 2018. As a percentage of U.S. GDP, the deficit increased to 2.4 percent from 2.0 percent. The previously published current-account deficit for the second quarter was $101.5 billion.

December 17, 2018

The estimates of gross domestic product for the U.S. Virgin Islands show that real GDPGDP adjustedtoremove price changesdecreased 1.7 percent in 2017 after increasing 0.9 percent in 2016. Forcomparison, real GDP for the United States (excluding the territories) increased 2.2 percent in2017 afterincreasing 1.6 percent in 2016.

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U.S. Bureau of Economic Analysis (BEA)