U.S. DEFICIT UP 13.1%
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 $47.1 billion in February, up $1.2 billion from $45.9 billion in January, revised. February exports were $178.1 billion, $1.8 billion more than January exports. February imports were $225.1 billion, $3.0 billion more than January imports.
The February increase in the goods and services deficit reflected an increase in the goods deficit of $0.9 billion to $64.7 billion and a decrease in the services surplus of $0.3 billion to $17.7 billion.
Year-to-date, the goods and services deficit increased $10.8 billion, or 13.1 percent, from the same period in 2015. Exports decreased $20.5 billion or 5.5 percent. Imports decreased $9.7 billion or 2.1 percent.
The average goods and services deficit increased $1.2 billion to $45.9 billion for the three months ending in February.
- Average exports of goods and services decreased $0.9 billion to $178.2 billion in February.
- Average imports of goods and services increased $0.2 billion to $224.1 billion in February.
Year-over-year, the average goods and services deficit increased $3.3 billion from the three months ending in February 2015.
- Average exports of goods and services decreased $11.7 billion from February 2015.
- Average imports of goods and services decreased $8.4 billion from February 2015.
Exports of goods increased $1.8 billion to $118.6 billion in February.
Exports of goods on a Census basis increased $1.9 billion.
- Consumer goods increased $1.1 billion.
- Gem diamonds increased $0.6 billion.
- Pharmaceutical preparations increased $0.3 billion.
- Other goods increased $0.6 billion.
Net balance of payments adjustments decreased $0.1 billion.
Exports of services decreased less than $0.1 billion to $59.5 billion in February.
- Transport, which includes freight and port services and passenger fares, decreased $0.2 billion.
- Financial services decreased $0.1 billion.
- Travel (for all purposes including education) increased $0.2 billion.
Imports of goods increased $2.7 billion to $183.3 billion in February.
Imports of goods on a Census basis increased $2.7 billion.
- Consumer goods increased $3.6 billion.
- Pharmaceutical preparations increased $1.3 billion.
- Toys, games, and sporting goods increased $0.6 billion.
- Automotive vehicles, parts, and engines decreased $1.5 billion.
- Passenger cars decreased $1.3 billion.
Net balance of payments adjustments decreased less than $0.1 billion.
Imports of services increased $0.3 billion to $41.8 billion in February.
- Travel (for all purposes including education) increased $0.1 billion.
- Other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $0.1 billion.
- Transport increased $0.1 billion.
The real goods deficit increased $1.6 billion to $63.3 billion in February.
- Real exports of goods increased $2.6 billion to $118.5 billion.
- Real imports of goods increased $4.1 billion to $181.9 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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