The Economics and Statistics Administration (ESA) releases 12 monthly and quarterly Principal Federal Economic Indicators collected by its constituent bureaus: the U.S. Census Bureau and the Bureau of Economic Analysis (BEA). Businesses rely heavily upon these indicators to make decisions every day. In their public comments, the Secretary and ESA’s Under Secretary and Chief Economist put the indicators into a national and global economic context.
Washington, DC – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for August 2010. Personal income increased 0.5 percent in August. Real disposable personal income increased 0.2 percent. Real consumer spending also increased 0.2 percent in August and the July-August average stood 1.6 percent at an annual rate above the second-quarter average.
Real gross domestic product (GDP) grew at an annual rate of 1.7% in the second quarter of 2010, according to today’s third estimate. This follows a growth rate of 3.7% in the first quarter.
Personal income in June 2010 increased less than 0.1% from May 2010. Real personal consumption expenditures increased 0.1% and real disposable income (DPI) rose 0.2%. The personal savings rate as a percentage of DPI was 6.4% in June.
Real gross domestic product (GDP) grew at an annual rate of 1.6% in the second quarter of 2010, according to today’s estimate. This follows a real GDP growth rate of 3.7% in the first quarter.
