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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.

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 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).

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 Retail Sales in February 2012

WASHINGTON – The Commerce Department’s Census Bureau today released retail sales data for February 2012. Retail and food services sales were $407.8 billion, up 1.1 percent from the previous month and up 6.5 percent from one year ago. This was consistent with private-sector forecasts. Excluding autos, retail and food services sales in February exceeded private sector expectations, coming in at $335.3 billion -- up 0.9 percent from January and up 6.4 percent from February 2011.

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

WASHINGTON – U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the January 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 January 2012 were up 1.4 percent or $2.6 billion from the same period of 2011 to reach $180.8 billion. This marks the second consecutive month of export growth. In January 2012, the U.S.

Statement from Commerce Secretary John Bryson on Retail Sales in January 2012

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for January 2012. Total retail sales grew 0.4 percent from December 2011 to January 2012. Excluding automobiles, January 2012 retail sales grew 0.7 percent.

Economic Briefing: U.S. International Trade in 2011

With today’s release of trade data for December, we now have the complete picture of exports and imports for 2011. Exports continued to show strong growth, climbing 14.5 percent in 2011. Along with the 16.7 percent increase in 2010, this means that exports have increased more than one-third (33.5 percent to be precise) over the last two years, a pace that slightly exceeds that needed to achieve the National Export Initiative goal of doubling exports by 2014.

Statement from U.S. Commerce Secretary John Bryson on U.S. International Trade in Goods and Services in December 2011

U.S. Secretary of Commerce John Bryson issued the following statement today on the release of 2011 international trade numbers and the December 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. Today’s report showed that the U.S. remains on course to reach President Obama’s National Export Initiative (NEI) goal of doubling exports by the end of 2014. U.S.

Economic Indicator: Private Sector Employment up 257,000 in January 2012

Some good news on the employment front! The Bureau of Labor Statistics (BLS) released their January 2012 report on the employment situation showing private sector employment increased 257,000 -- the largest increase since April 2011 (264,000). In addition, private sector employment gains were revised upward by 58,000 in November and 8,000 in December. Over the past 23 months, the private sector has added jobs every month for a total of nearly 3.7 million jobs.

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