Author: Bloom Economics
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Personal Consumption Expenditures Show Mixed Results Across States in 2023
An Uneven Economic Landscape The latest data reveals a patchy economic landscape across the United States, with personal consumption expenditures (PCE) experiencing variations by state in 2023. States such as California and Florida saw a substantial increase in consumer spending, a reflection of booming local economies and robust job markets. In contrast, some Midwestern states… Read more
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U.S. Economic Growth and Personal Income Trends in Q2 2024
U.S. Economic Growth The Bureau of Economic Analysis has released its newest data showcasing the Gross Domestic Product (GDP) by state and personal income trends for the second quarter of 2024. Economically speaking, several states have exhibited robust growth, reflecting wider national trends. Both California and Texas have shown remarkable resilience with GDP growth rates… Read more
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U.S. International Trade in Goods and Services
A July 2024 Snapshot Overview The latest data on the U.S. international trade in goods and services for July 2024 reveal a vibrant and intricate landscape. The report outlines a trade deficit of $64.5 billion, a slight narrowing from the previous month’s $65.8 billion. The decrease was driven by a combination of export growth and… Read more
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Personal Income and Outlays: July 2024
Economic Insights and Implications Overview The Bureau of Economic Analysis (BEA) released its July 2024 report on personal income and outlays, critical indicators of the economy’s health. The results depict a nuanced picture of economic activity in the United States, with important data points that investors, policymakers, and economic enthusiasts should keenly analyze. Income Growth… Read more
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US Multinational Enterprises: 2022 Report Analysis
Introduction The U.S. Bureau of Economic Analysis (BEA) recently released its report on the activities of U.S. multinational enterprises (MNEs) for the year 2022. This comprehensive analysis dives into the operational and financial metrics of American MNEs, unraveling trends that can inform economic strategy, monetary policy, and investment decisions. Let’s break down the key findings… Read more
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Foreign Direct Investment in U.S. Falls Dramatically in 2023
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