Posts Tagged 'BEA'



April 2015 Trade Gap is $40.9 Billion

The U.S monthly international trade deficit decreased in April 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $50.6 billion in March (revised) to $40.9 billion in April, as exports increased and imports decreased. The previously published March deficit was $51.4 billion. The goods deficit decreased $9.3 billion from March to $60.7 billion in April. The services surplus increased $0.4 billion from March to $19.8 billion in April.

Trade Gap Jun 3

Exports
Exports of goods and services increased $1.9 billion, or 1.0 percent, in April to $189.9 billion. Exports of goods increased $1.9 billion and exports of services increased less than $0.1 billion.

  • The increase in exports of goods mainly reflected increases in capital goods ($2.1 billion) and in industrial supplies and materials ($0.6 billion). A decrease in other goods ($0.5 billion) was partly offsetting.
  • The increase in exports of services mainly reflected an increase in other business services ($0.1 billion) 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 partly offsetting.

Imports
Imports of goods and services decreased $7.8 billion, or 3.3 percent, in April to $230.8 billion. Imports of goods decreased $7.4 billion and imports of services decreased $0.4 billion.

  • The decrease in imports of goods mainly reflected decreases in consumer goods ($4.9 billion) and in other goods ($1.0 billion).
  • The decrease in imports of services was more than accounted for by a decrease in transport ($0.5 billion). Am increase in travel (for all purposes including education) ($0.1 billion) was partly offsetting.

Goods by geographic area (seasonally adjusted, Census basis)

  • The goods deficit with China decreased from $38.9 billion in March to $27.5 billion in April. Exports increased $0.9 billion to $10.3 billion and imports decreased $10.5 billion to $37.7 billion.
  • The goods deficit with Mexico decreased from $5.0 billion in March to $4.2 billion in April. Exports increased $1.0 billion to $20.0 billion and imports increased $0.2 billion to $24.2 billion.
  • The goods deficit with the European Union increased from $10.9 billion in March to $11.9 billion in April. Exports increased $0.9 billion to $23.6 billion and imports increased $1.9 billion to $35.6 billion.

For more information, read the full report.

Disposable Income Rises in April

Personal income increased 0.4 percent in April after increasing less than 0.1 percent in March. Wages and salaries, the largestPersonal Income and Outlays June1 component of personal income, rose 0.2 percent in April after rising 0.1 percent in March.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in April after rising less than 0.1 percent in March, reflecting increases in income receipts on assets and wages and salaries.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in April after decreasing 0.2 percent in March.

Real consumer spending (PCE), spending adjusted for price changes, decreased less than 0.1 percent in April after increasing 0.4 percent in March. Spending on durable  goods decreased 0.8 percent in April after increasing 2.1 percent in March.

PCE prices increased less than 0.1 percent in April, after increasing 0.2 percent in March. Excluding food and energy, PCE prices increased 0.1 percent in April, the same increase an in March.

Personal saving rate
Personal saving as a percent of DPI was 5.6 percent in April and 5.2 percent in March.

For more information, read the full report.

Real Consumer Spending June1

First-Quarter GDP Revised Down: “Second” Estimate of GDP

Real gross domestic product (GDP) decreased 0.7 percent in the first quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.9 percentage point from the “advance” estimate released in April. In the fourth quarter of 2014, real GDP increased 2.2 percent.

GDP highlightsq2q real gdp may 29
The first-quarter decline in real GDP reflected declines in the following:

  • Goods exports, notably of capital goods and of autos and parts.
  • Business investment, notably in mining exploration, shafts, and wells.
  • State and local government spending.

Offsetting these contributions to the decrease in first-quarter GDP:

  • Consumer spending on services increased, notably on health care and on housing and utilities.
  • Nonfarm inventory investment also rose, notably in wholesale trade durable goods-related industries.

Revisions
The percent change in first-quarter real GDP was revised down, mainly reflecting an upward revision to imports and downward revisions to inventory investment and to consumer spending. Offsetting these revisions, residential investment was revised up. For more information, see the technical note.

Corporate profitsq2q corp may29
Corporate profits decreased 5.9 percent at a quarterly rate in the first quarter after decreasing 1.4 percent in the fourth quarter of 2014.

  • Profits of domestic nonfinancial corporations decreased 7.7 percent after increasing 1.4 percent.
  • Profits of domestic financial corporations decreased 0.6 percent after decreasing 2.7 percent.
  • Profits from the rest of the world decreased 6.0 percent after decreasing 8.8 percent.

Over the last 4 quarters, corporate profits increased 3.7 percent.

For more information, read the full report.