Posts Tagged 'Bureau of Economic Analysis'



Statistics on the Activities of U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2013; Updated Data Available for 2012

Statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis.  The statistics, which provide information for the first time for 2013 as well as updated data for 2012, offer details on the finances and operations of U.S. affiliates of foreign MNEs, including their employment and compensation, sales, value added, capital expenditures, trade in goods, and expenditures for research and development.

Here are some highlights from the statistics:

  • The current-dollar value added of majority-owned U.S. affiliates, a measure of their direct contribution to U.S. gross domestic product, totaled $835.6 billion in 2013. That’s an increase of $43.3 billion, or 5.5 percent, from 2012. Value added by affiliates rose at a faster pace than total U.S. private industry value added. As a result, affiliates’ share of U.S. private industry value added increased to 6.4 percent in 2013, from 6.3 percent in 2012.
  • Affiliates with ultimate beneficial  owners in  seven  countries— the United Kingdom, Japan, Germany, Canada, Switzerland, France, and the Netherlands —accounted for nearly three-fourths of the value added by all majority-owned U.S. affiliates in 2013.
  • Majority-owned U.S. affiliates employed 6.1 million workers, rising 3.6 percent in 2013, following a 3.3 percent increase in 2012. The share of U.S. private industry employment accounted for by U.S. affiliates of foreign multinational enterprises was 5.2 percent, up from 5.1 percent in 2012.
  • The states with the largest shares of total private industry employment accounted for by U.S. affiliates in 2013 were South Carolina (8.1 percent), New Hampshire (7.4 percent), and Delaware (7.1 percent).
  • Exports of goods by affiliates rose by $10.5 billion, or 3 percent, and imports rose by $16.3 billion, or 2.5 percent, in 2013.
  • Research and development performed by affiliates rose by $2.7 billion, or 5.4 percent, in 2013.

For more information, read the full article in the November Survey of Current Business.

In August 2015, BEA released statistics on the activities of U.S. multinational enterprises (including U.S. parent companies and their foreign affiliates).

 

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.

December 2014 Trade Gap is $46.6 Billion

The U.S. monthly international trade deficit increased in December 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.  The deficit increased from $39.8 billion in November (revised) to $46.6 billion in December, as exports decreased and imports increased. The previously published November deficit was $39.0 billion. The goods deficit increased $6.9 billion from November to $66.0 billion in December. The services surplus increased $0.1 billion from November to $19.5 billion in December.

Monthly Balance on Goods and Services Trade Feb5

Exports
Exports of goods and services decreased $1.5 billion in December to $194.9 billion, reflecting a decrease in exports of goods. Exports of services increased.

  • The decrease in exports of goods was more than accounted for by a decrease in industrial supplies and materials. An increase in capital goods was partly offsetting.
  • The increase in exports of services reflected increases in transport, which includes freight and port services and passenger fares, in financial services, and in travel (for all purposes including education).

Imports
Imports of goods and services increased $5.3 billion in December to $241.4 billion, mostly reflecting an increase in imports of goods. Imports of services also increased.

  • The increase in imports of goods mostly reflected increases in industrial supplies and materials and in automotive vehicles, parts, and engines.
  • The increase in imports of services mostly reflected increases in transport and in travel (for all purposes including education).

Goods by geographic area (seasonally adjusted, Census basis)

  • The goods deficit with Canada increased from $1.6 billion in November (revised) to $3.3 billion in December. Exports decreased $0.8 billion to $25.8 billion and imports increased $0.9 billion to $29.0 billion.
  • The goods surplus with South and Central America decreased from $4.3 billion in November to $2.6 billion in December. Exports decreased $0.7 billion $14.8 billion and imports increased $1.0 billion to $12.2 billion.
  • The goods deficit with Germany decreased from $6.3 billion in November to $5.6 billion in December. Exports increased $0.1 billion to $3.9 billion and imports decreased $0.6 billion to $9.6 billion.

Read the full report.


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