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New Statistics on the Activities of U.S. Multinational Enterprises are Now Available

Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2013, including the finances and operations of U.S. parent companies and their foreign affiliates, are now available from the U.S. Bureau of Economic Analysis.

Available on BEA’s website, the statistics include information about U.S. multinational enterprises including: balance sheet and income statement details; employment and employee compensation; sales; value added–a measure of the enterprise’s contribution to gross domestic product in the United States or in the other countries where it operates; capital expenditures; trade in goods; and spending on research and development.

The statistics can be used to measure the scale of the global business activity of U.S. multinational enterprises or MNEs, as well as their impact on the U.S. economy and on other countries’ economies.

Here are a few highlights from the 2013 data:

  • The current-dollar value added of U.S. MNEs rose 4.0 percent to $4.9 trillion in 2013 after rising 1.9 percent in 2012. The 2013 increase reflected a 6.8 percent increase in the value added of U.S. parents that was partly offset by a 2.2 percent decrease in the value added of their majority-owned foreign affiliates.
  • Employment by U.S. MNEs increased 1.4 percent to 35.7 million workers in 2013 after increasing 1.1 percent in 2012. The 2013 increase reflected a 1.0 percent increase in the employment of U.S. parents and a 2.1 percent increase in the employment of majority-owned foreign affiliates.  U.S. parents accounted for 19.7 percent of total U.S. private industry employment in 2013.
  • U.S. MNE R&D expenditures rose 6.1 percent in 2013, reflecting growth for U.S. parents (5.6 percent) and for majority-owned foreign affiliates (8.4 percent).
  • Fifteen countries—the United Kingdom, Canada, Germany, Ireland, France, China, Switzerland, Japan, Australia, Brazil, Mexico, Singapore, Italy, Norway, and Belgium —accounted for nearly two-thirds of value added by majority-owned foreign affiliates in 2013.

The newly released statistics also include revised 2012 statistics on the activities of U.S. MNEs.

BEA also produces statistics that cover U.S. affiliates of foreign multinational enterprises. These statistics will be released in November 2015.

June 2015 Trade Gap is $43.8 Billion

The U.S. monthly international trade deficit increased in June 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.9 billion in May (revised) to $43.8 billion in June, as exports decreased and imports increased. The previously published May deficit was $41.9 billion. The goods deficit increased $2.9 billion from May to $63.5 billion in June. The services surplus decreased less than $0.1 billion from May to $19.7 billion in June.

Balance on Goods and services trade aug 5

Exports
Exports of goods and services decreased $0.1 billion, or 0.1 percent, in June to $188.6 billion. Exports of goods decreased $0.2 billion and exports of services increased $0.1 billion.

  • The decrease in exports of goods mainly reflected decreases in capital goods ($0.8 billion) and in industrial supplies and materials ($0.6 billion). An increase in consumer goods ($0.8 billion) was partly offsetting.
  • The increase in exports of services mainly reflected an increase in other business services ($0.1 billion), which includes research and development services; professional and management services; and technical, trade-related and other services and increases in several categories of services of less than $0.1 billion. A decrease in transport ($0.2 billion), which includes freight and port services and passenger fares, was mostly offsetting.

Imports
Imports of goods and services increased $2.8 billion, or 1.2 percent, in June to $232.4 billion. Imports of goods increased $2.7 billion and imports of services increased $0.1 billion.

  • The increase in imports of goods mainly reflected increases in consumer goods ($1.7 billion) and in industrial supplies and materials ($1.2 billion). A decrease in capital goods ($1.3 billion) was partly offsetting.
  • The increase in imports of services mainly reflected an increase in travel (for all purposes including education) ($0.2 billion) and increases in several categories of services of less than $0.1 billion. A decrease in transport ($0.2 billion) was mostly offsetting.

Goods by geographic area (seasonally adjusted, Census basis)

  • The balance with Canada shifted from a surplus of $0.2 billion in May to a deficit of $3.1 billion in June. Exports decreased $1.1 billion to $23.0 billion and imports increased $2.2 billion to $26.2 billion.
  • The deficit with Mexico increased from $4.1 billion in May to $5.4 billion in June. Exports increased $0.1 billion to $20.0 billion and imports increased $1.4 billion to $25.5 billion.
  • The deficit with China decreased from $30.6 billion in May to $29.0 billion in June. Exports increased $0.9 billion to $10.5 billion and imports decreased $0.7 billion to $39.5 billion.

For more information, read the full report.