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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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Monday, March 7, 2016

January 2016 International Trade (General)

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The goods and services deficit was $45.7 billion in January, up $1.0 billion from $44.7 billion in December, revised.  January exports were $176.5 billion, $3.8 billion less than December exports. January imports were $222.1 billion, $2.8 billion less than December imports.
The January increase in the goods and services deficit reflected an increase in the goods deficit of $1.1 billion to $63.7 billion and an increase in the services surplus of $0.1 billion to $18.0 billion.
Year-over-year, the goods and services deficit increased $2.1 billion (4.8%), from January 2015. Exports decreased $12.5 billion (6.6%). Imports decreased $10.5 billion (4.5%).
Goods by Selected Countries and Areas
The January figures show surpluses (in billions of dollars) with South and Central America ($3.1) and Brazil ($0.6).  Deficits were recorded with China ($31.1), European Union ($12.6), Germany ($5.8), Japan ($5.6), Mexico ($5.6), South Korea ($2.9), Italy ($2.4), India ($2.3), France ($1.5), Canada ($0.5), Saudi Arabia ($0.2), OPEC ($0.2), and United Kingdom ($0.1).
* The deficit with China increased $1.4 billion to $31.1 billion. Exports increased less than $0.1 billion to $8.6 billion and imports increased $1.5 billion to $39.8 billion.
* The deficit with Mexico increased $0.8 billion to $5.6 billion. Exports decreased less than $0.1 billion to $19.5 billion and imports increased $0.8 billion to $25.1 billion. 
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On a global scale, data compiled by the Netherlands Bureau for Economic Policy Analysis showed that world trade volume were essentially unchanged in December (+0.6% year-over-year) while prices rose by 0.3% (-10.6% 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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