Archive Page 3

March 2015 Trade Gap is $51.4 Billion

The U.S. monthly international trade deficit increased in March 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $35.9 billion in February (revised) to $51.4 billion in March, as imports increased more than exports. The previously published February deficit was $35.4 billion. The goods deficit increased $14.9 billion from February to $70.6 billion in March. The services surplus decreased $0.6 billion from February to $19.2 billion in March.

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Exports
Exports of goods and services increased $1.6 billion, or 0.9 percent, in March to $187.8 billion. Exports of goods increased $1.5 billion and exports of services increased $0.2 billion.

  • The increase in exports of goods mainly reflected increases in capital goods ($1.5 billion) and in automotive vehicles, parts, and engines ($0.8 billion). Decreases occurred in consumer goods ($1.7 billion) and in petroleum and products ($0.6 billion).
  • The increase in exports of services reflected an increase in transport ($0.1 billion), which includes freight and port services and passenger fares, and increases in several categories of services of less than $0.1 billion. A decrease in travel (for all purposes including education) ($0.1 billion) was partly offsetting.

Imports
Imports of goods and services increased $17.1 billion, or 7.7 percent, in March to $239.2 billion. Imports of goods increased $16.4 billion and imports of services increased $0.8 billion.

  • The increase in imports of goods mainly reflected increases in consumer goods ($9.0 billion), in capital goods ($4.0 billion), and in automotive vehicles, parts, and engines ($2.7 billion). A decrease occurred in petroleum and products ($1.1 billion).
  • The increase in imports of services mainly reflected increases in transport ($0.6 billion) and in travel (for all purposes including education) ($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The goods deficit with China increased from $27.3 billion in February to $37.8 billion in March. Exports increased $0.4 billion to $9.3 billion and imports increased $10.9 billion to $47.1 billion.
  • The goods deficit with Japan increased from $4.3 billion in February to $6.3 billion in March. Exports increased $0.2 billion to $5.6 billion and imports increased $2.2 billion to $11.9 billion.
  • The goods deficit with Germany decreased from $6.3 billion in February to $5.6 billion in March. Exports increased $0.1 billion to $4.3 billion and imports decreased $0.5 billion to $9.9 billion.

For more information, read the full report.

New Data Tool Provides Fast Access to Trade and Investment Stats for Countries

The Bureau of Economic Analysis launched today a new data tool on its website that gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.

These fast facts at your fingertips can include:

  • Total exports, imports and trade balance between the United States and the country you select.
  • The top five categories of goods and services the United States buys from and sells to that country.
  • Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.

The country snapshots, or factsheets, also contain charts and can be printed or downloaded to a spreadsheet. The new data tool pulls statistics from BEA’s international data sets on exports, imports, direct investment, and the activities of multinational enterprises into a single easy-to-digest resource. Similar to the BEA’s BEARFACTS regional factsheets for state and regional economic data, the new international factsheets can be used to quickly get up to speed for a business presentation, a news story, or a school research project.

Users select a country from an interactive world map or a searchable menu of countries. The tool generates a country factsheet with graphs and tables showing the latest data on U.S. trade and investment with that country. A PDF of the factsheet is available for easy printing. The tool also provides data tables containing more detailed statistics that can be downloaded in Excel format.

To access the new international data tool, visit http://bea.gov/international/factsheet/.

Real Consumer Spending Rose in March

Personal income increased less than 0.1 percent in March after rising 0.4 percent in February. Wages and salaries, the largest chart april 30component of personal income, rose 0.2 percent in March after rising 0.3 percent in February.

Current-dollar disposable personal income (DPI), after-tax income, increased less than 0.1 percent in March after rising 0.5 percent in February.

Real DPI, income adjusted for taxes and inflation, decreased 0.2 percent in March after increasing 0.3 percent in February.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in March after decreasing less than 0.1 percent in February. Spending on durable goods increased 2.0 percent in March after decreasing 1.1 percent February.

PCE prices increased 0.2 percent in March, the same increase as in February. Excluding food and energy, PCE prices increased 0.1 percent in March, the same increase as in February.

Personal saving rate
Personal saving as a percent of DPI was 5.3 percent in March and 5.7 percent in February.

For more information, read the full report.

Real DPI April 30