Published October 9, 2015
BE-180 , BEA , BEA News , efile
Tags: BE-180, BEA, BEA News, efile
The Bureau of Economic Analysis (BEA) will be conducting an informational webinar on Thursday, October 22, at 1 p.m., to discuss the BE-180 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign persons. Topics of discussion will include:
- How the BE-180 survey data are used
- An overview of the basic reporting requirements and due dates
- Understanding transactions with foreign persons
- Non-reportable transactions
- Specific reporting examples
- An overview of BEA’s eFile system
To register, please go to this site and provide the required information.
A Q&A period will follow. To help us anticipate and address questions as thoroughly as possible, attendees are encouraged to submit questions in advance to email@example.com.
For additional information regarding the BE-180 survey, please visit this section on BEA’s Web site.
The U.S. monthly international trade deficit increased in August 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.8 billion in July (revised) to $48.3 billion in August, as exports decreased and imports increased. The previously published July deficit was $41.9 billion. The goods deficit increased $6.6 billion from July to $67.9 billion in August. The services surplus increased $0.1 billion from July to $19.6 billion in August.
Exports of goods and services decreased $3.7 billion, or 2.0 percent, in August to $185.1 billion. Exports of goods decreased $4.1 billion and exports of services increased $0.4 billion.
- The decrease in exports of goods mainly reflected a decrease in industrial supplies and materials ($2.2 billion).
- The increase in exports of services mainly reflected increases in financial services ($0.1 billion) and in travel (for all purposes including education) ($0.1 billion).
Imports of goods and services increased $2.8 billion, or 1.2 percent, in August to $233.4 billion. Imports of goods increased $2.5 billion and imports of services increased $0.3 billion.
- The increase in imports of goods mainly reflected an increase in consumer goods ($4.0 billion).
- The increase in imports of services mainly reflected increases in travel (for all purposes including education) ($0.2 billion) and in transport ($0.1 billion), which includes freight and port services and passenger fares.
Goods by geographic area (seasonally adjusted, Census basis)
- The deficit with China increased from $28.8 billion in July to $32.9 billion in August. Exports decreased $0.6 billion to $9.8 billion and imports increased $3.6 billion to $42.8 billion.
- The deficit with the European Union increased from $12.4 billion in July to $14.5 billion in August. Exports decreased $0.7 billion to $21.7 billion and imports increased $1.4 billion to $36.2 billion.
- The deficit with Saudi Arabia decreased from $0.5 billion in July to less than $0.1 billion in August. Exports increased less than $0.1 billion to $1.8 billion and imports decreased $0.4 billion to $1.8 billion.
For more information, read the full report.
U.S. factories do their part to keep the U.S. economy humming. Did you know that manufacturing accounts for 12 percent of overall U.S. economic activity as measured by Gross Domestic Product? The Bureau of Economic Analysis produces a slew of economic statistics on how manufacturing and other U.S. industries are performing and impact the economy. Given that Oct. 2 is Manufacturing Day, it’s the perfect time to share with you some other manufacturing data nuggets that we produce.
Want to know where manufacturing plays the biggest role in regional economies? You can rely on BEA data to answer that question.
According to BEA’s GDP by metropolitan area statistics released on Sept. 23, the top five metro areas with the highest concentration of manufacturing in the United States are: Elkhart-Goshen, Indiana; Kokomo, Indiana; Columbus, Indiana; Lake Charles, Louisiana; and Beaumont-Port Arthur, Texas. We also have this information on a state-by-state basis. All you have to do is visit our interactive database to access the statistics.
You can find manufacturing’s (and other industries’) share of GDP, its gross output, and dollar contributions to the U.S. economy in BEA’s GDP by Industry data all available on our website. BEA will release a new batch of quarterly industry statistics on Nov. 5, showing how manufacturing and other industries performed in the April to June quarter of this year.
Providing businesses and individuals with the statistics they need to compete in the global marketplace is one way that BEA is helping to unleash the power of data.