January 2011 international trade deficit rose 15.1% to $46.3 billion. Exports increased 2.7% to $167.7 billion. Imports rose 5.2% to $214.1 billion.
The international trade deficit increased 5.9 percent in December 2010, to $40.6 billion. Exports grew 1.8 percent, to $163.0 billion, and imports rose 2.6 percent, to $203.5 billion.
Real gross domestic product (GDP) grew at an annual rate of 3.2% in the fourth quarter of 2010, according to today’s advance estimate. This follows a growth rate of 2.6% in the third quarter.
According to newly released data from the Commerce Department, international visitors traveling to the United States pumped an estimated $11.7 billion into the U.S. economy during the month of September, up $1.7 billion compared to the same period last year. This marks the fifth month of double-digit growth and ninth straight month of overall growth in U.S. travel and tourism exports. Total travel and tourism-related exports have increased, on average, $1.2 billion a month in 2010. (More)
Personal income decreased 0.1 percent and real consumer spending increased 0.1 percent in September, according to data released today by the U.S. Commerce Department’s Bureau of Economic Analysis. Real consumer spending in the third quarter was 2.6 percent higher, at an annual rate, than the second-quarter average. Real disposable personal income decreased 0.3 percent in September.
