The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.5 billion in September, up $0.7 billion from $42.8 billion in August, revised. September exports were $196.8 billion, $2.1 billion more than August exports. September imports were $240.3 billion, $2.8 billion more than August imports.
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/
The September increase in the goods and services deficit reflected an increase in the goods deficit of $0.6 billion to $65.4 billion and a decrease in the services surplus of $0.2 billion to $21.9 billion. Year-to-date, the goods and services deficit increased $34.5 billion, or 9.3 percent, from the same period in 2016. Exports increased $93.0 billion or 5.6 percent. Imports increased $127.5 billion or 6.3 percent.
NOTE THE REVISIONS >
Revisions
Revisions to August exports *
Exports of goods were revised down $0.4 billion.
Exports of services were revised down $0.2 billion.
Revisions to August imports *
Imports of goods were revised down less than $0.1 billion. *
Imports of services were revised down $0.2 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)
The September figures show surpluses, in billions of dollars, with Hong Kong ($2.7), South and Central America ($2.2), Brazil ($0.8), United Kingdom ($0.7), Singapore ($0.7), OPEC ($0.6), Saudi Arabia ($0.6), and Canada ($0.1).
Deficits were recorded, in billions of dollars, with China ($29.9), European Union ($14.6), Germany ($5.9), Japan ($5.9), Mexico ($5.1), Italy ($2.9), South Korea ($2.4), India ($2.3), Taiwan ($1.5), and France ($1.2).
* The deficit with Germany increased $1.1 billion to $5.9 billion in September.
Exports increased less than $0.1 billion to $4.5 billion and imports increased $1.1 billion to $10.4 billion.
* The deficit with India increased $0.7 billion to $2.3 billion in September. Exports decreased $0.3 billion to $2.1 billion and imports increased $0.4 billion to $4.4 billion.
* The balance with members of OPEC shifted from a deficit of $0.8 billion to a surplus of $0.6 billion in September. Exports increased $1.0 billion to $5.2 billion and imports decreased $0.4 billion to $4.6 billion.
NOTICE Effects of 2017 Atlantic Hurricanes on U.S. International Trade in Goods and Services The effects of the recent hurricanes are embedded in the source data that the U.S. Bureau of Economic Analysis (BEA) and the U.S. Census Bureau use to produce trade in goods and services statistics. However, these effects generally cannot be isolated, and thus, BEA and the Census Bureau cannot separately quantify the impacts of the hurricanes. The impacts of Hurricanes Harvey, Irma, and Maria are reflected in the source data underlying this “U.S. International Trade in Goods and Services: September 2017” report and will be reflected in subsequent reports until normal trade activities resume in affected areas.
No comments:
Post a Comment