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2017-04-05 18:40:00

U.S. DEFICIT $43.6 BLN

U.S. DEFICIT $43.6 BLN

USDC - U.S. Secretary of Commerce Wilbur L. Ross, Jr. issued the following statement today on the release of the February 2017 U.S. International Trade in Goods and Services monthly data. In February 2017, the trade deficit stood at $43.6 billion compared to $45.6 billion in February 2016. In February 2017, exports of goods and services stood at $192.9 billion, compared to $180.7 billion in February 2016. In February 2017, imports of goods and services stood at $236.4 billion, compared to $226.3 billion in February 2016.

"While we've seen an improvement in the trade figures between January and February, we continue to be very focused on eliminating our nation's trade imbalance," said Secretary Ross. "Just last week, President Trump issued two executive orders, the first of which directs Commerce to lead a comprehensive review of our trade deficits and foreign violations of trade our trade rules. The second provides a mechanism by which we will collect all duties from importers who are cheating. This administration is determined to achieve free and fair trade, to protect hard working Americans, and to grow our economy."

The seasonally adjusted trade deficit in February stood at $43.6 billion, down from $48.2 billion in January, a decrease of $4.6 billion or 9.6 percent. Exports increased $.4 billion from $192.5 billion in January to $192.9 billion in February. Imports decreased $4.3 billion from $240.7 billion in January to $236.4 billion in February.

The increase in exports of goods was driven by consumer goods which increased $.7 billion to $17.1 billion and military and other goods which increased $.5 billion to $4.9 billion. The decrease in imports of goods were driven by consumer goods which decreased $3.1 billion to $49.0 billion and automotive vehicles, parts and engines which decreased $2.6 billion to $29.1 billion. There was a services surplus for the month of $21.4 billion.

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Earlier: 

U.S. OIL CAPEX UP TO 72% 

U.S. OIL EXPORTS UP 12% 

U.S. OIL DEMAND UP TO 19.3 MBD 

U.S. DRILLING UP 

U.S. ECONOMY WILL UP

 

 

Tags: USA, ECONOMY, TRADE

Chronicle:

U.S. DEFICIT $43.6 BLN
November, 15, 15:25:00

ЦЕНА НЕФТИ: СНОВА ВЫШЕ $61

РЕЙТЕР - К 9.32 МСК фьючерсы на нефть сорта Brent опустились на 1,27 процента до $61,42 за баррель. Фьючерсные контракты на американскую нефть WTI к этому времени торговались у отметки $55,07 за баррель, на 1,13 процента ниже предыдущего закрытия.

U.S. DEFICIT $43.6 BLN
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

U.S. DEFICIT $43.6 BLN
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

U.S. DEFICIT $43.6 BLN
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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