EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Thursday, June 16, 2016
News Release: U.S. International Transactions
The U.S. current-account deficit—a net measure of transactions between the United States and
the rest of the world in goods, services, primary income, and secondary income—increased to
$124.7 billion (preliminary) in the first quarter of 2016 from $113.4 billion (revised) in the fourth quarter of 2015, according to statistics released by the Bureau of Economic Analysis (BEA).
The deficit increased to 2.7 percent of current-dollar gross domestic product (GDP) from 2.5
percent in the fourth quarter.
The $11.3 billion increase reflected a $9.6 billion decrease in the surplus on primary income
to $37.5 billion and a $4.0 billion increase in the deficit on secondary income to $40.3 billion.
These changes were partly offset by a $2.0 billion decrease in the deficit on goods to $186.4
billion and a $0.4 billion increase in the surplus on services to $64.6 billion.
Notice About Tables Included in the News Release of the International Transactions Accounts
BEA is increasing the number of tables published in the news release of the International
Transactions Accounts. This news release includes tables with additional details for the current account and financial account:
Table 1. U.S. International Transactions page 8
Table 2. U.S. International Trade in Goods 10
Table 3. U.S. International Trade in Services 14
Table 4. U.S. International Transactions in Primary Income 16
Table 5. U.S. International Transactions in Secondary Income 17
Table 6. U.S. International Financial Transactions for Direct Investment 18
Table 7. U.S. International Financial Transactions for Portfolio Investment 20
Table 8. U.S. International Financial Transactions for Other Investment 22
Table 9. Revisions to U.S. International Transactions 24
The statistics in tables 1-8 are available in BEA's Interactive Web Application.
the rest of the world in goods, services, primary income, and secondary income—increased to
$124.7 billion (preliminary) in the first quarter of 2016 from $113.4 billion (revised) in the fourth quarter of 2015, according to statistics released by the Bureau of Economic Analysis (BEA).
The deficit increased to 2.7 percent of current-dollar gross domestic product (GDP) from 2.5
percent in the fourth quarter.
The $11.3 billion increase reflected a $9.6 billion decrease in the surplus on primary income
to $37.5 billion and a $4.0 billion increase in the deficit on secondary income to $40.3 billion.
These changes were partly offset by a $2.0 billion decrease in the deficit on goods to $186.4
billion and a $0.4 billion increase in the surplus on services to $64.6 billion.
Notice About Tables Included in the News Release of the International Transactions Accounts
BEA is increasing the number of tables published in the news release of the International
Transactions Accounts. This news release includes tables with additional details for the current account and financial account:
Table 1. U.S. International Transactions page 8
Table 2. U.S. International Trade in Goods 10
Table 3. U.S. International Trade in Services 14
Table 4. U.S. International Transactions in Primary Income 16
Table 5. U.S. International Transactions in Secondary Income 17
Table 6. U.S. International Financial Transactions for Direct Investment 18
Table 7. U.S. International Financial Transactions for Portfolio Investment 20
Table 8. U.S. International Financial Transactions for Other Investment 22
Table 9. Revisions to U.S. International Transactions 24
The statistics in tables 1-8 are available in BEA's Interactive Web Application.
Current Account Transactions (tables 1-5)
Financial Account (tables 1, 6, 7, and 8)
Statistical Discrepancy (table 1)
Revisions
The statistics of the U.S. international transactions accounts released today have been revised
for the first quarter of 2012 to the fourth quarter of 2015 to incorporate newly available and
revised source data, improved estimation methodologies, and updated seasonal adjustments. Key
changes introduced in this annual revision are summarized below and in table A.
Revisions to fourth quarter 2015
Revisions to Fourth-Quarter 2015 International Transactions Accounts Aggregates
[Billions of dollars, seasonally adjusted]
Estimate
Preliminary Revised
Current-account balance -125.3 -113.4
Goods balance -187.3 -188.4
Services balance 53.5 64.2
Primary-income balance 42.8 47.1
Secondary-income balance -34.3 -36.3
Net lending from financial-account transactions -29.4 -21.8
Statistical discrepancy 95.9 91.6
The first-quarter statistics in this release are preliminary and will be revised on September 15, 2016.
Revisions to Fourth-Quarter 2015 International Transactions Accounts Aggregates
[Billions of dollars, seasonally adjusted]
Estimate
Preliminary Revised
Current-account balance -125.3 -113.4
Goods balance -187.3 -188.4
Services balance 53.5 64.2
Primary-income balance 42.8 47.1
Secondary-income balance -34.3 -36.3
Net lending from financial-account transactions -29.4 -21.8
Statistical discrepancy 95.9 91.6
The first-quarter statistics in this release are preliminary and will be revised on September 15, 2016.
Source: http://www.bea.gov/newsreleases/international/transactions/2016/trans116.htm?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=News+Releases
NOTE: See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.
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