Click image
for larger view
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%).
Click image
for larger view
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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.