Real gross domestic product increased at an annual rate of 7% in the fourth quarter of 2021, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.3%. The GDP estimate released Thursday is based on more complete source data than were available for the “advance” […]
Category: BEA
Goods and Services Deficit Rises in December
The goods and services deficit was $80.7 billion in December, up $1.4 billion from $79.3 billion in November, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. December exports were $228.1 billion, $3.4 billion more than November exports. December imports were $308.9 billion, $4.8 billion more than November imports. The […]
ABC: Decline in Structure Investments Continues
An Associated Builders and Contractors analysis of data released by the Bureau of Economic Analysis shows investment in nonresidential structures decreased at an annual rate of 11.4% in the fourth quarter of 2021 has now contracted in eight of the past nine quarters. The continued slowdown juxtaposed BEA’s announcement stating the U.S. economy grew at […]
