Acting Deputy Commerce Secretary Rebecca Blank issued the following statement today on the release of the September 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in September 2011 increased 1.4 percent from August 2011 to a record $180.4 billion.
Washington, DC. The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for October 2011. Personal income rose 0.4 percent in October, exceeding private-sector forecasts of a 0.3 percent increase. Wages and salaries, the largest part of income, rose 0.5 percent. Real consumer spending edged up 0.1 percent, compared to expectations of a 0.3 percent rise. This followed a pickup of 0.5 percent in September, however.
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About the Economics & Statistics Administration
The Economics and Statistics Administration (ESA) plays three key roles within the Department of Commerce (DOC). ESA provides timely economic analysis, disseminates national economic indicators, and oversees the U.S. Census Bureau (Census) and the Bureau of Economic Analysis (BEA). In this latter role, ESA works closely with the leadership at BEA and Census on high priority management, budget, employment, and risk management issues, integrating the work of these agencies with the priorities and requirements of the Department of Commerce and other government entities.