U.S. DEFICIT UP TO $48.7 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 $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised. October exports were $195.9 billion, down less than $0.1 billion from September exports. October imports were $244.6 billion, $3.8 billion more than September imports.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $3.8 billion to $69.1 billion and a decrease in the services surplus of less than $0.1 billion to $20.3 billion.
Year-to-date, the goods and services deficit increased $49.1 billion, or 11.9 percent, from the same period in 2016. Exports increased $97.5 billion or 5.3 percent. Imports increased $146.6 billion or 6.5 percent.
The average goods and services deficit increased $1.2 billion to $46.0 billion for the three months ending in October.
- Average exports of goods and services increased $0.8 billion to $195.2 billion in October.
- Average imports of goods and services increased $2.0 billion to $241.2 billion in October.
Year-over-year, the average goods and services deficit increased $5.1 billion from the three months ending in October 2016.
- Average exports of goods and services increased $8.2 billion from October 2016.
- Average imports of goods and services increased $13.2 billion from October 2016.
Exports of goods decreased $0.3 billion to $130.3 billion in October.
Exports of goods on a Census basis decreased $0.5 billion.
- Foods, feeds, and beverages decreased $1.3 billion.
- Soybeans decreased $1.4 billion.
- Capital goods decreased $1.2 billion.
- Civilian aircraft decreased $1.1 billion.
- Industrial supplies and materials increased $2.6 billion.
Net balance of payments adjustments increased $0.2 billion.
Exports of services increased $0.3 billion to $65.6 billion in October.
- Financial services 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.
Imports of goods increased $3.5 billion to $199.4 billion in October.
Imports of goods on a Census basis increased $3.5 billion.
- Industrial supplies and materials increased $1.8 billion.
- Crude oil increased $1.5 billion.
- Other goods increased $1.1 billion.
- Consumer goods increased $0.8 billion.
- Cell phones and other household goods increased $0.3 billion.
Net balance of payments adjustments decreased less than $0.1 billion.
Imports of services increased $0.3 billion to $45.2 billion in October.
- Transport increased $0.3 billion.
|August, 13, 14:05:00|
|August, 13, 14:00:00|
|August, 13, 13:55:00|
|August, 13, 13:50:00|
|August, 13, 13:45:00|
|August, 13, 13:40:00|
PLATTS - State-run Indian Oil Corp has signed its first US term crude oil deal, buying 6 million barrels, as the Asian buyer steps up efforts to devise an alternative buying strategy amid uncertainty about purchases from Iran because of US sanctions.
PLATTS - Angola's crude oil exports rebounded to a four-month high of 1.63 mil b/d in June even as the OPEC member struggles to arrest declines at some of its ageing deepwater oil fields, finance ministry data showed.
BAKER HUGHES A GE - U.S. Rig Count is up 13 rigs from last week to 1,057, with oil rigs up 10 to 869, gas rigs up 3 to 186, and miscellaneous rigs unchanged at 2. Canada Rig Count is down 14 rigs from last week to 209, with oil rigs down 12 to 140 and gas rigs down 2 to 69.
REUTERS - Front-month Brent crude oil futures LCOc1 were at $71.88 per barrel at 0646 GMT, down 19 cents, or 0.3 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down by 22 cents, or 0.3 percent, at $66.59 a barrel.