Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
U.S. Trade Gap Widens
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:06 AM EST November 10 2005



Email article | Print article

U.S. trade deficit enlarged by 11.4% in September to a record $66.1 billion, the Commerce Department announced. A surge in energy imports necessary after Hurricanes Katrina and Rita destroyed the energy infrastructure along the Gulf Coast in September to boost imports. At the same time, a strike a Boeing Co. sharply cut the number of airplanes exported in the month.

 
The following is the unedited transcript of the release from the U.S. Census Bureau



Goods and Services Deficit Increases in September 2005

The Nation’s international deficit in goods and services increased to $66.1 billion in September from $59.3 billion (revised) in August, as imports increased and exports decreased.
Goods and Services Exports decreased to $105.2 billion in September from $108.0 billion in August. Goods were $73.4 billion in September, down from $76.7 billion in August, and services were $31.8 billion in September, up from $31.3 billion in August.

Imports increased to $171.3 billion in September from $167.3 billion in August. Goods were $144.5 billion in September, up from $140.8 billion in August, and services were $26.8 billion in September, up from $26.6 billion in August.

For goods, the deficit was $71.1 billion in September, up from $64.1 billion in August. For services, the surplus was $5.0 billion in September, up from $4.7 billion in August.

Goods by Category

The August to September change in exports of goods reflected decreases in capital goods ($2.3 billion); industrial supplies and materials ($1.2 billion); and foods, feeds, and beverages ($0.3 billion). An increase occurred in consumer goods ($0.4 billion). Other goods and automotive vehicles, parts, and engines were virtually unchanged.

The August to September change in imports of goods reflected increases in industrial supplies and materials ($2.7 billion); consumer goods ($0.9 billion); other goods ($0.4 billion); capital goods ($0.3 billion); and foods, feeds, and beverages ($0.2 billion). A decrease occurred in automotive vehicles, parts, and engines ($0.7 billion).

Services by Category

The August to September change in exports of services reflected increases in other private services ($0.2 billion), travel ($0.1 billion), and other transportation ($0.1 billion).
The August to September change in imports of services reflected increases in other transportation ($0.1 billion), travel ($0.1 billion), and other private services ($0.1 billion).

Goods by Geographic Area (Not Seasonally Adjusted)

The goods deficit with China increased from $18.5 billion in August to $20.1 billion in September. Exports decreased $0.7 billion (primarily civilian aircraft and raw cotton) to $3.2 billion, while imports increased $0.9 billion (primarily toys, games, and sporting goods; TV’s and VCR’s; stereo equipment; and computers) to $23.3 billion.

The goods deficit with the European Union decreased from $11.3 billion in August to $10.1 billion in September. Exports increased $0.3 billion (primarily pharmaceutical preparations) to $14.7 billion, while imports decreased $0.9 billion (primarily passenger cars, pharmaceutical preparations, and other industrial machines) to $24.9 billion.

The goods deficit with Mexico increased from $4.2 billion in August to $4.3 billion in September. Exports decreased $0.3 billion (primarily petroleum products, civilian aircraft, and plastic materials) to $10.3 billion, while imports decreased $0.2 billion (primarily crude oil) to $14.6 billion.


Available at: http://www.census.gov/indicator/www/ustrade.html
More: Market Update Archive

 



350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2008 123jump.com. All rights reserved