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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Saturday, February 7, 2015

December 2014 International Trade (General)

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The goods and services deficit was $46.6 billion in December (well above expectations of $37.9 billion), up $6.8 billion from $39.8 billion in November. December exports were $194.9 billion, down $1.5 billion from November. December imports were $241.4 billion, up $5.3 billion from November.
The December increase in the goods and services deficit reflected an increase in the goods deficit of $6.9 billion to $66.0 billion and an increase in the services surplus of $0.1 billion to $19.5 billion.
For 2014, the goods and services deficit was $505.0 billion, up $28.7 billion or 6.0% from 2013. Exports were $2,345.4 billion, up $65.2 billion or 2.9%.  Imports were $2,850.5 billion, up $93.9 billion or 3.4%. 
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On a global scale, data compiled by the Netherlands Bureau for Economic Policy Analysis showed that world trade volume decreased by 1.0% in November (from the prior month) while prices fell by 1.5%.
The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.

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