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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
2018, January, 17, 23:20:00

BP PAYS $1.7 BLN

BP - The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business Economic Loss (BEL) and other claims associated with the CSSP. The cash impact is expected to be spread over a multi-year period.

U.S. DEFICIT $43.6 BLN
2018, January, 15, 10:25:00

OIL PRICES: NOT ABOVE $70 AGAIN

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $70 per barrel at 0558 GMT, up 13 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $64.53 a barrel, up 23 cents.

U.S. DEFICIT $43.6 BLN
2018, January, 15, 10:15:00

WBG: GLOBAL ECONOMIC GROWTH 3.1%

WBG - The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices.

U.S. DEFICIT $43.6 BLN
2018, January, 15, 10:10:00

АТОМНАЯ ЭЛЕКТРОЭНЕРГИЯ РОССИИ: 18.9%

РОСАТОМ - Доля выработки электроэнергии российскими атомными станциями по итогам 2017 года увеличилась до 18,9%.

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