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April 2012

US Commerce Department Releases New Report Showing Intellectual Property-Intensive Industries Contribute $5 Trillion, 40 Million Jobs to US Economy

WASHINGTON, April 11, 2012 – The U.S. Commerce Department today released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP).

Statement from Commerce Secretary John Bryson on International Trade in Goods and Services in February 2012

U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the February 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in February 2012 were up 0.1 percent from January 2012 to reach a record $181.2 billion. In addition, record highs were seen in U.S. exports of total services ($53.2 billion), and capital goods exports ($43.2 billion).

Statement from U.S. Commerce Secretary John Bryson on Retail Sales in March 2012

WASHINGTON – The Commerce Department’s U.S. Census Bureau released retail sales data for March 2012 this morning. Retail and food services sales were $411.1 billion, growing 0.8 percent from February to March 2012 and increasing 6.5 percent from one year earlier. This exceeds private-sector forecasts of an 0.3 percent monthly increase. Excluding automobiles, retail and food services sales in March were $338.1 billion, up 0.8 percent from February (compared with private sector expectations for 0.5 percent) and up 6.1 percent from March 2011.

Statement from Deputy U.S. Commerce Secretary Rebecca Blank on Personal Income and Outlays in March 2012

WASHINGTON – The Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for March 2012. Personal income increased 0.4 percent from February to March, slightly above private sector expectations for an 0.2 percent rise. Real personal consumption expenditures (PCE) increased 0.1 percent and nominal PCE rose 0.3 percent. Real disposable personal income (DPI) increased 0.2 percent and nominal DPI rose 0.4 percent. The personal saving rate as a percentage of DPI was 3.8 percent in March.

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