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2017-08-14 14:15:00

U.S. DEFICIT $43.6 BLN

U.S. DEFICIT $43.6 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 $43.6 billion in June, down $2.7 billion from $46.4 billion in May, revised. June exports were $194.4 billion, $2.4 billion more than May exports. June imports were $238.0 billion, $0.4 billion less than May imports.

The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.1 billion to $65.2 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.

Year-to-date, the goods and services deficit increased $26.7 billion, or 10.7 percent, from the same period in 2016. Exports increased $64.9 billion or 6.0 percent. Imports increased $91.7 billion or 6.9 percent.

The average goods and services deficit decreased $0.5 billion to $45.9 billion for the three months ending in June. 

* Average exports of goods and services increased $1.0 billion to $192.5 billion in June. 

* Average imports of goods and services increased $0.4 billion to $238.4 billion in June.

Year-over-year, the average goods and services deficit increased $4.6 billion from the three months ending in June 2016. 

* Average exports of goods and services increased $9.9 billion from June 2016. 

* Average imports of goods and services increased $14.5 billion from June 2016.

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Earlier: 

U.S. GDP UP 2.6% 

U.S. FEDERAL FUNDS RATE 1.25% 

U.S. OIL PRODUCTION: 9.3 MBD 

U.S. & RUSSIA: LIMITED IMPACT 

U.S. FRB: INDUSTRIAL PRODUCTION UP 0.4% 

U.S. OIL DEBT 

U.S. DEFICIT $46.5 BLN

 

 

 

 

 

Tags: USA, ECONOMY, FINANCE

Chronicle:

U.S. DEFICIT $43.6 BLN
2018, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

U.S. DEFICIT $43.6 BLN
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

U.S. DEFICIT $43.6 BLN
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

U.S. DEFICIT $43.6 BLN
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

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