Archive for the 'BEA News' Category



April 2017 Trade Gap is $47.6 Billion

The U.S. monthly international trade deficit increased in April 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.3 billion in March (revised) to $47.6 billion in April, as exports decreased and imports increased. The previously published March deficit was $43.7 billion. The goods deficit increased $2.3 billion in April to $68.4 billion. The services surplus decreased less than $0.1 billion in April to $20.8 billion.

Balance on Goods and Services June 2

Exports
Exports of goods and services decreased $0.5 billion, or 0.3% percent, in April to $191.0 billion. Exports of goods decreased $0.5 billion and exports of services increased $0.1 billion.

  • The decrease in exports of goods mostly reflected decreases in consumer goods ($0.7 billion) and in automotive vehicles, parts, and engines ($0.5 billion). An increase in foods, feeds, and beverages ($0.6 billion) partly offset the decreases.
  • The increase in exports of services mostly reflected an increase in travel (for all purposes including education) ($0.1 billion).

Imports
Imports of goods and services increased $1.9 billion, or 0.8% percent, in April to $238.6 billion. Imports of goods increased $1.8 billion and imports of services increased $0.1 billion.

  •  The increase in imports of goods mostly reflected increases in consumer goods ($1.9 billion) and in capital goods ($0.9 billion). A decrease in industrial supplies and materials ($1.5 billion) partly offset the increases.
  • The increase in imports of services mostly reflected an increase in travel (for all purposes including education) ($0.1 billion).

For more information, read the full report.

Spending on Durable Goods Rises in April

Personal income increased 0.4 percent in April after increasing 0.2 percent in March.Personal Income Chart May 30 2017 Wages and salaries, the largest component of personal income, increased 0.7 percent in April after remaining unchanged in March.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in April after increasing 0.2 percent in March.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in April after increasing 0.4 percent in March.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in April after increasing 0.5 percent in March. Spending on durable goods increased 1.1 percent in April after increasing 0.3 percent in March.

PCE prices increased 0.2 percent in April after decreasing 0.2 percent in March. Excluding food and energy, PCE prices increased 0.2 percent in April after decreasing 0.1 percent in March.

Personal saving rate
Personal saving as a percent of DPI was 5.3 percent in April, the same as in March.

For more information, read the full report.

Real DPI May 30


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