March 26, 2017

Economic Growth Decelerates in 1st Quarter

During the first quarter of 2011, the US economy recorded positive growth, yet the rate of growth decelerated and was relatively sluggish. Total output of the US economy grew at an annual rate of 1.8% in the first quarter, according to the advanced estimate of the gross domestic product [.pdf] released today from the Bureau […]

Trade Deficit Increases

Statistics for the trade deficit show an increase from $42.6 billion in July to $46.3 billion in August – a rise of $3.7 billion. This increase resulted from a slight jump in exports of $300 million that was offset by a $4.1 billion jump of imports in August, according to the Commerce Department [.pdf]. Since […]

Trade Deficit Inches Down in July

Following a record increase in the trade deficit this past June, trade statistics for July show the rate declined to $42.8 billion. The downward shift is a result of exports increasing 1.5% to $153.3 billion, whereas imports decreased 2% to $196.1 billion, according to this month’s trade report [.pdf]. However, excluding June of 2010, the […]

Gross Domestic Product Declines From Trade

The Gross Domestic Product for the 2nd Quarter has been revised down from a previously published 2.4% to 1.6%, according to a report released today [.pdf] by the Bureau of Economic Analysis. The key reason for the drop is an increase of imports as well as a decrease of exports. The previous publication of the […]

Trade Deficit Soars

The international trade deficit has increased $7.9 billion in a single month from $42 billion in May to $49.9 billion in June.  This is the largest increase in the trade deficit since record keeping began in 1992.  Exports decreased $2 billion, while imports increased $5.9 billion, reports the Bureau of Economic Analysis.  The graph below […]

Trade Deficit Increases

According to the Bureau of Economic Analysis, the international trade deficit increased $2 billion from April to May.  The deficit was $40.3 billion for April, while it was $42.3 billion for May.  The BEA’s graph below shows the 10 year monthly trend for the trade deficit.  Notice the trend abruptly changes in late 2008, mostly […]