U.S. DEFICIT UP $17.6 BLN
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 $48.3 billion in August, up $6.5 billion from $41.8 billion in July, revised. August exports were $185.1 billion, $3.7 billion less than July exports. August imports were $233.4 billion, $2.8 billion more than July imports.
The August increase in the goods and services deficit reflected an increase in the goods deficit of $6.6 billion to $67.9 billion and an increase in the services surplus of $0.1 billion to $19.6 billion.
Year-to-date, the goods and services deficit increased $17.6 billion, or 5.2 percent, from the same period in 2014. Exports decreased $58.9 billion or 3.8 percent. Imports decreased $41.3 billion or 2.2 percent.
The average goods and services deficit increased $1.9 billion to $45.1 billion for the three months ending in August.
- Average exports of goods and services decreased $0.9 billion to $187.2 billion in August.
- Average imports of goods and services increased $1.0 billion to $232.3 billion in August.
Year-over-year, the average goods and services deficit increased $3.4 billion from the three months ending in August 2014.
- Average exports of goods and services decreased $9.4 billion from August 2014.
- Average imports of goods and services decreased $6.0 billion from August 2014.
Exports of goods decreased $4.1 billion to $124.5 billion in August.
Exports of goods on a Census basis decreased $4.0 billion. Industrial supplies and materials decreased $2.2 billion.
- Fuel oil decreased $0.6 billion.
- Plastic materials decreased $0.2 billion.
- Crude oil decreased $0.2 billion.
Net balance of payments adjustments decreased $0.1 billion.
Exports of services increased $0.4 billion to $60.6 billion in August.
- Financial services increased $0.1 billion.
- Travel (for all purposes including education) increased $0.1 billion.
Imports of goods increased $2.5 billion to $192.4 billion in August. Imports of goods on a Census basis increased $3.3 billion.
Consumer goods increased $4.0 billion.
- Cell phones and other household goods increased $2.1 billion.
- Toys, games and sporting goods increased $0.3 billion.
Net balance of payments adjustments decreased $0.8 billion.
Imports of services increased $0.3 billion to $41.1 billion in August.
- Travel (for all purposes including education) increased $0.2 billion.
- Transport, which includes freight and port services and passenger fares, increased $0.1 billion.
The real goods deficit increased $7.3 billion to $63.4 billion in August.
- Real exports of goods decreased $1.9 billion to $119.2 billion.
- Real imports of goods increased $5.4 billion to $182.7 billion.
Revisions to July exports
- Exports of goods were revised upward $0.4 billion.
- Exports of services were revised downward $0.1 billion.
Revisions to July imports
- Imports of goods were revised upward $0.2 billion.
- Imports of services were revised upward less than $0.1 billion.
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
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