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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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Sunday, April 5, 2015

February 2015 International Trade (General)

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The goods and services deficit was $35.4 billion in February, down $7.2 billion from $42.7 billion in January. February exports were $186.2 billion, $3.0 billion less than January exports. February imports were $221.7 billion, $10.2 billion less than January imports.
The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $7.4 billion to $55.2 billion and a decrease in the services surplus of $0.1 billion to $19.7 billion.
Exports to Canada and Mexico, the main U.S. trading partners, fell in February. Exports to China tumbled 8.9%, while those to the European Union were unchanged. Imports from China plunged 18.1%, pushing the politically sensitive U.S.-China trade deficit down 21.2% to $22.5 billion.
Year-to-date, the goods and services deficit decreased $2.6 billion (3.2%), from the same period in 2014. Exports decreased $5.3 billion (1.4%). Imports decreased $7.9 billion (1.7%). 
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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 1.4% in January (but +2.3% year-over-year) while prices fell by 1.8% (-16.1% YoY).
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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