<\/p>\n
More evidence that trade activity isn’t up to snuff.<\/p>\n
<\/p>\n Reuters<\/a>: The U.S. trade deficit narrowed unexpectedly in October as the weak U.S. dollar helped boost exports and demand for imported oil fell to its lowest daily level since January 2000, a Commerce Department report showed on Thursday.<\/p>\n <\/span><\/p>\n The trade gap shrank 7.6 percent to $32.9 billion, from a downwardly revised estimate of $35.7 billion in September. Analysts surveyed before the report had expected the gap to widen to about $36.8 billion.<\/p>\n Here’s the full report<\/a> from the Commerce Department<\/p>\n <\/span><\/p>\n —-<\/p>\n Goods and Services<\/p>\n The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department In October, the goods deficit decreased $2.6 billion from September to $44.8 billion, In October, the goods and services deficit decreased $26.5 billion from October 2008. Goods (Census basis)<\/p>\n The September to October increase in exports of goods reflected increases in capital The September to October increase in imports of goods reflected increases in capital The October 2008 to October 2009 decrease in exports of goods reflected decreases in The October 2008 to October 2009 decrease in imports of goods reflected decreases in Services<\/p>\n Services exports increased $0.2 billion from September to October. The increase was Services imports increased $0.1 billion from September to October. The increase was The October 2008 to October 2009 decrease in exports of services was $2.6 billion. The October 2008 to October 2009 decrease in imports of services was $2.5 billion. Goods and Services Moving Average<\/p>\n For the three months ending in October, exports of goods and services averaged $133.3 Selected Not Seasonally Adjusted Goods Details<\/p>\n The October figures show surpluses, in billions of dollars, with Hong Kong $1.6 ($1.9 Advanced technology products exports were $23.7 billion in October and imports were Revisions<\/p>\n Goods exports for September were virtually unrevised. Goods imports for September Services exports and imports for April 2009 through September 2009 reflect the Services exports for September were revised up $1.5 billion to $43.1 billion. The NOTICE<\/p>\n Changes to Low Value Estimates For Goods<\/p>\n Beginning with the January 2010 statistics, to be released on March 11, 2010, the U.S. State Import Data For Goods<\/p>\n Beginning with the January 2010 statistics, to be released on March 11, 2010, the U.S. Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n More evidence that trade activity isn’t up to snuff. Reuters: The U.S. trade deficit narrowed unexpectedly in October as the weak U.S. dollar helped boost exports and demand for imported oil fell to its lowest daily level since January 2000, a Commerce Department report showed on Thursday. The trade gap shrank 7.6 percent to $32.9 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-74541","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=74541"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74541\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=74541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=74541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=74541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
of Commerce, announced today that total October exports of $136.8 billion and imports
of $169.8 billion resulted in a goods and services deficit of $32.9 billion, down
from $35.7 billion in September, revised. October exports were $3.5 billion more
than September exports of $133.4 billion. October imports were $0.7 billion more
than September imports of $169.0 billion.<\/p>\n
and the services surplus increased $0.2 billion to $11.9 billion. Exports of goods
increased $3.2 billion to $93.5 billion, and imports of goods increased $0.7 billion
to $138.4 billion. Exports of services increased $0.2 billion to $43.3 billion, and
imports of services increased $0.1 billion to $31.4 billion.<\/p>\n
Exports were down $12.9 billion, or 8.6 percent, and imports were down $39.3 billion,
or 18.8 percent.<\/p>\n
goods ($1.2 billion); consumer goods ($1.0 billion); other goods ($0.6 billion);
industrial supplies and materials ($0.4 billion); automotive vehicles, parts, and
engines ($0.4 billion); and foods, feeds, and beverages ($0.2 billion).<\/p>\n
goods ($1.1 billion); consumer goods ($1.0 billion); automotive vehicles, parts, and
engines ($0.4 billion); and foods, feeds, and beverages ($0.2 billion). Decreases
occurred in industrial supplies and materials ($1.8 billion) and other goods ($0.4
billion).<\/p>\n
industrial supplies and materials ($3.9 billion); capital goods ($3.8 billion);
automotive vehicles, parts, and engines ($2.1 billion); and foods, feeds, and beverages
($0.7 billion). Increases occurred in consumer goods ($0.4 billion) and other goods
($0.1 billion).<\/p>\n
industrial supplies and materials ($25.0 billion); capital goods ($5.2 billion);
consumer goods ($3.7 billion); automotive vehicles, parts, and engines ($1.2 billion);
foods, feeds, and beverages ($0.7 billion); and other goods ($0.7 billion).<\/p>\n
more than accounted for by increases in other private services (which includes items
such as business, professional, and technical services, insurance services, and
financial services), other transportation (which includes freight and port services),
and passenger fares. A decrease in transfers under U.S. military sales contracts was
partly offsetting.<\/p>\n
mostly accounted for by an increase in passenger fares. Changes in the other categories
of services imports were small.<\/p>\n
The largest decreases were in travel ($1.1 billion), other transportation ($0.8 billion),
and royalties and license fees ($0.6 billion).<\/p>\n
Decreases occurred in other transportation ($1.6 billion), passenger fares ($0.8
billion), and travel ($0.5 billion).<\/p>\n
billion, while imports of goods and services averaged $166.3 billion, resulting in an
average trade deficit of $33.0 billion. For the three months ending in September, the
average trade deficit was $32.5 billion, reflecting average exports of $130.8 billion
and average imports of $163.3 billion.<\/p>\n
for September), Australia $1.3 ($0.9), Singapore $0.9 ($0.3), and Egypt $0.4 ($0.3).
Deficits were recorded, in billions of dollars, with China $22.7 ($22.1), OPEC $5.8
($7.9), European Union $4.9 ($5.5), Mexico $4.6 ($4.6), Japan $4.4 ($4.1), Canada $2.0
($1.5), Venezuela $1.7 ($2.0), Nigeria $1.4 ($1.9), Taiwan $0.7 ($0.7), and Korea $0.5
($0.8).<\/p>\n
$29.3 billion, resulting in a deficit of $5.6 billion. October exports were $3.2
billion more than the $20.5 billion in September, while October imports were $2.8
billion more than the $26.5 billion in September.<\/p>\n
were revised down $0.3 billion. Goods carry-over in October was $0.1 billion (0.1
percent) for exports and $0.6 billion (0.4 percent) for imports. For September,
revised export carry-over was virtually zero. For September, revised import carry-over
was $0.2 billion (0.2 percent), revised down from $0.9 billion (0.7 percent).<\/p>\n
incorporation of more comprehensive and revised quarterly and monthly data. For
services exports, the largest monthly revisions were in other private services,
transfers under U.S. military sales contracts, and royalties and license fees.
For services imports, the largest monthly revisions were in other private services.<\/p>\n
revision was mostly accounted for by upward revisions in other private services,
transfers under U.S. military sales contracts, and royalties and license fees.
Services imports for September were revised up $0.9 billion to $31.4 billion.
The revision was mostly accounted for by an upward revision in other private services.<\/p>\n
Census Bureau will change the current import and export low value estimation methodologies
to improve coverage and quality. The U.S. Census Bureau estimates imports and exports
of goods valued below the established filing exemption levels. Data users will see
a change in the low value estimates as a result of the implementation of these
methodologies. Additional information is available at http:\/\/www.census.gov\/foreign-trade\/
aip\/lvpaper.html.<\/p>\n
Census Bureau will introduce a state import data series. The state of import will
reflect the U.S. state or territory of ultimate destination of the imported merchandise.
A new exhibit will be added to the FT900: U.S. International Trade in Goods and Services
Supplement. In addition, the following data products will be produced: state import
data by 6-digit Harmonized System (HS) and state import data by 4-digit North American
Industry Classification System (NAICS). An example of the data structure for these
products can be found at http:\/\/www.census.gov\/foreign-trade\/reference\/products\/layouts\/
index.html. With the release of the January 2010 statistics, historical data tables
and products back to January 2008 will also be made available.<\/p>\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"