What is Macro Pulse?

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
Macro Pulse's timely yet in-depth coverage.


Wednesday, October 7, 2015

August 2015 International Trade (General)

Click image for larger view
The goods and services deficit was $48.3 billion in August, up $6.5 billion from $41.8 billion in July. August exports were $185.1 billion, $3.7 billion less than July exports. August imports were $233.4 billion, $2.8 billion more than July imports.
The August increase in the goods and services deficit reflected an increase in the goods deficit of $6.6 billion to $67.9 billion and an increase in the services surplus of $0.1 billion to $19.6 billion.
Year-to-date, the goods and services deficit increased $17.6 billion, or 5.2 percent, from the same period in 2014. Exports decreased $58.9 billion or 3.8 percent. Imports decreased $41.3 billion or 2.2 percent.
The August figures show surpluses, in billions of dollars, with South and Central America ($3.3) and OPEC ($1.0). Deficits were recorded, in billions of dollars, with China ($32.9), European Union ($14.5), Germany ($6.8), Mexico ($5.3), Japan ($5.2), South Korea ($2.7), Canada ($2.2), Italy ($2.1), France ($2.0), India ($1.9), United Kingdom ($0.3), Brazil ($0.2), and Saudi Arabia (less than $0.1).
Of particular interest:
   * The deficit with China increased $4.2 billion to $32.9 billion. Exports decreased $0.6 billion to $9.8 billion and imports increased $3.6 billion to $42.8 billion.
   * The deficit with the European Union increased $2.1 billion to $14.5 billion. Exports decreased $0.7 billion to $21.7 billion and imports increased $1.4 billion to $36.2 billion. 
Click image for larger view
On a global scale, data compiled by the Netherlands Bureau for Economic Policy Analysis showed that world trade volume contracted by 0.4% in July (+0.8% year-over-year) while prices fell by 1.1% (-13.7% 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.