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2017-06-05 14:35:00

U.S. DEFICIT $47.6 BLN

U.S. DEFICIT $47.6 BLN

BEA - 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 $47.6 billion in April, up $2.3 billion from $45.3 billion in March, revised. April exports were $191.0 billion, $0.5 billion less than March exports. April imports were $238.6 billion, $1.9 billion more than March imports. 

The April increase in the goods and services deficit reflected an increase in the goods deficit of $2.3 billion to $68.4 billion and a decrease in the services surplus of less than $0.1 billion to $20.8 billion.

Year-to-date, the goods and services deficit increased $22.1 billion, or 13.4 percent, from the same period in 2016. Exports increased $44.3 billion or 6.1 percent. Imports increased $66.4 billion or 7.5 percent.

Goods and Services Three-Month Moving Averages

The average goods and services deficit decreased $0.4 billion to $45.9 billion for the three months ending in April.

* Average exports of goods and services decreased $0.2 billion to $191.4 billion in April. 

* Average imports of goods and services decreased $0.6 billion to $237.3 billion in April. 

Year-over-year, the average goods and services deficit increased $5.6 billion from the three months ending in April 2016. 

* Average exports of goods and services increased $10.5 billion from April 2016. 

* Average imports of goods and services increased $16.0 billion from April 2016. 

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Earlier: 

U.S. DEFICIT $43.7 BLN 

U.S. DEFICIT $43.6 BLN 

U.S. DEFICIT $48.5 BLN 

U.S. DEFICIT $44.3 BLN 

U.S. DEFICIT: $45.2 BLN 

U.S. DEFICIT: $113 BLN 

U.S. DEFICIT: $42.6 BLN

 

 

Tags: USA, ECONOMY, TRADE

Chronicle:

U.S. DEFICIT $47.6 BLN
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

U.S. DEFICIT $47.6 BLN
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

U.S. DEFICIT $47.6 BLN
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

U.S. DEFICIT $47.6 BLN
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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