November 05, 2024

U.S. International Trade in Goods and Services, September 2024

The U.S. monthly international trade deficit increased in September 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.8 billion in August (revised) to $84.4 billion in September, as exports decreased and imports increased. The goods deficit increased $14.2 billion in September to $109.0 billion. The services surplus increased $0.6 billion in September to $24.6 billion.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2024 (Adv)
+2.8%
Personal Income
September 2024
+0.3%
International Trade in Goods and Services
September 2024
-$84.4 B
International Transactions
Q2 2024
-$266.8 B

Noteworthy

The BEA Wire | BEA's Official Blog

September 2024 Trade Gap is $84.4 Billion

November 5, 2024

The U.S. goods and services trade deficit increased from $70.8 billion in August (revised) to $84.4 billion in September, as exports decreased and imports increased. The goods deficit increased $14.2 billion to $109.0 billion, and the services surplus increased $0.6 billion to $24.6 billion.

Personal Income and Outlays, September 2024

October 31, 2024

Personal income increased $71.6 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)—personal income less personal current taxes—increased $57.4 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $106.3 billion (0.5 percent) and consumer spending increased $105.8 billion (0.5 percent). Personal…

Gross Domestic Product, Third Quarter 2024 (Advance)

October 30, 2024

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “advance” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

August 2024 Trade Gap is $70.4 Billion

October 8, 2024

The U.S. goods and services trade deficit decreased from $78.9 billion in July (revised) to $70.4 billion in August, as exports increased and imports decreased. The goods deficit decreased $8.4 billion to $94.9 billion, and the services surplus increased $0.1 billion to $24.4 billion.

Personal Income and Outlays, August 2024

September 27, 2024

Personal income increased $50.5 billion (0.2 percent at a monthly rate) in August. Disposable personal income —personal income less personal current taxes— increased $34.2 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $48.3 billion (0.2 percent) and consumer spending increased $47.2 billion (0.2 percent). Personal saving was $1…