Posts Tagged 'BEA'



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.

Real Consumer Spending Flat in June

Personal income increased 0.4 percent in June and in May. Wages and salaries rose 0.2 percent in June after rising 0.4PCE Part 2 Aug 3  percent May.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in June after rising 0.4 percent in May.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in June after increasing 0.1 percent in May.

Real consumer spending (PCE), spending adjusted for price changes, was flat in June after increasing 0.4 percent in May. Spending on durable goods decreased 1.1 percent in June after increasing 1.3 percent in May.

PCE prices increased 0.2 percent in June, after increasing 0.3 percent in May. Excluding food and energy, PCE prices increased 0.1 percent in June and in May.

Personal saving rate
Personal saving as a percent of DPI was 4.8 percent in June and 4.6 percent in May.

Annual Revision
These estimates reflect the 2015 annual revision of the national income and product accounts, which incorporated new source data and other improvements back to 1976.

Real DPI Aug. 3

For more information, read the full report.

Detailed Direct Investment Data for 2014 Now Available

Detailed statistics on U.S. direct investment abroad – or “outward direct investment”– and on foreign direct investment in the United States – or “inward direct investment” are now available on BEA’s website.

Preliminary direct investment statistics are available for 2014 and revised statistics for 2012 and 2013. These data are now incorporated into the Bureau of Economic Analysis’ new data tool, International Trade and Investment Country Facts, as well as our interactive data tables.

These newly released statistics provide comprehensive data on direct investment for selected countries on financial transactions, equity, debt instruments, reinvestment of earnings, and income by major industry. Statistics are also now available for positions, financial transactions, and income for all countries and for all industries. For inward direct investment, supplementary statistics classified by country of the ultimate beneficial owner are also now available.

An upcoming article in the September Survey of Current Business will present these statistics as well as additional statistics, such as reinvestment ratios, rates of return, and, for outward direct investment, position and income data classified by the industry of the U.S. parent.

Chart 3 US Direct Investment July 31

Chart 7 July 31