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In-depth Data on Foreign Investment Get an Update

The Bureau of Economic Analysis has updated its most detailed data on foreign-owned businesses in the United States, providing an extraordinary level of detail for researchers and others interested in the effects of foreign direct investment in U.S. states and specific industries.

The new data reflect industry categories applied down to the level of individual establishments – such as each foreign-owned office, factory, or hotel – for the year 2007. The statistics are the result of a periodic, complex project that merges BEA and Census Bureau datasets. Although the resulting statistics are produced with a time lag, there is unique value in their in-depth look at foreign investment by industry, state, and country of ownership.

The establishment-level data is broken down into more than 1,000 industry categories, compared with about 200 industry categories in other BEA data on foreign direct investment.

For all foreign-owned establishments, there are statistics on employment, payroll and shipping or sales. There are additional statistics for manufacturing establishments, including value added, total compensation of employees, employee benefits, hourly wage rates of production workers, and expenditures for new plants and equipment.

For example, 2,237 people worked in foreign-owned seafood processing plants in Alaska in 2007. There were 400 French-owned clothing stores in the United States. And shipments or sales from Japanese-owned establishments in Indiana were valued at $23.2 billion.

The project links BEA’s less-detailed data on foreign-owned companies with Census’ establishment-level data on all companies in the United States. The previous release of establishment data for foreign direct investment covered 2002.

A U.S. business is defined as a foreign-owned U.S. affiliate if it is owned 10 percent or more, either directly or indirectly, by a foreign entity.

Finance and Insurance Led Growth Across States in the Fourth Quarter

Real gross domestic product (GDP) increased in every state and the District of Columbia in the fourth quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth ranged from 3.4 percent in Texas to 0.1 percent in Kansas and Mississippi. Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to U.S. economic growth in the fourth quarter.

gdp-state-q4-2016

  • Texas was the fastest growing economy (3.4 percent), followed by Utah and Washington which grew 3.2 percent and 3.1 percent, respectively.
  • Finance and insurance grew 6.3 percent nationally, and was the leading contributor to real GDP growth in 24 states.
  • Retail trade grew 5.7 percent nationally, contributing to real GDP growth in every state.
  • Professional, scientific, and technical services grew 3.6 percent nationally, contributing to real GDP growth in 47 states and the District of Columbia.
  • Mining grew 5.2 percent nationally after six consecutive quarters of decline, and was the largest contributor to real GDP growth in West Virginia, North Dakota, and Oklahoma.

For more information, read the full report.

March 2017 Trade Gap is $43.7 Billion

The U.S. monthly international trade deficit decreased in March 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.8 billion in February (revised) to $43.7 billion in March, as imports decreased more than exports. The previously published February deficit was $43.6 billion. The goods deficit increased $0.4 billion in March to $65.5 billion. The services surplus increased $0.4 billion in March to $21.8 billion.

Balance on Goods and Services Trade May 4 2017

Exports
Exports of goods and services decreased $1.7 billion, or 0.9 percent, in March to $191.0 billion. Exports of goods decreased $2.1 billion and exports of services increased $0.4 billion.

  • The decrease in exports of goods mainly reflected decreases in industrial supplies and materials ($1.8 billion) and in automotive vehicles, parts, and engines($0.9 billion). An increase in capital goods ($0.7 billion) partly offset the decreases.
  • The increase in exports of services mainly reflected increases in financial services($0.1 billion) and in maintenance and repair services($0.1 billion).

Imports
Imports of goods and services decreased $1.7 billion, or 0.7 percent, in March to $234.7 billion. Imports of goods decreased $1.7 billion and imports of services decreased less than $0.1 billion.

  • The decrease in imports of goods mostly reflected decreases in capital goods ($0.9 billion) and in industrial supplies and materials($0.7 billion). An increase in automotive vehicles, parts, and engines($1.1 billion) partly offset the decreases.
  • The decrease in imports of services mainly reflected a decrease in transport($0.1 billion), which includes freight and port services and passenger fares.

For more information, read the full report.


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