Thursday, September 17, 2009
[IWS] BEA: INTERNATIONAL TRANSACTIONS, 2nd Qtr. 2009 CURRENT ACCOUNT [16 September 2009]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. International Transactions, 2nd Quarter 2009 Current Account [16 September 2009]
http://www.bea.gov/newsreleases/international/transactions/2009/trans209.htm
or
http://www.bea.gov/newsreleases/international/transactions/2009/pdf/trans209.pdf
[full-text, 7 pages]
or
http://www.bea.gov/newsreleases/international/transactions/2009/xls/trans209.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/international/transactions/2009/pdf/trans209_fax.pdf
The U.S. current-account deficitÂthe combined balances on trade in goods
and services, income, and net unilateral current transfersÂdecreased to $98.8
billion (preliminary) in the second quarter of 2009, the smallest deficit since
the fourth quarter of 2001, from $104.5 billion (revised) in the first quarter.
The decrease was more than accounted for by a decrease in the deficit on goods.
A small increase in the surplus on services also contributed to the lower
current-account deficit. An increase in net unilateral current transfers to
foreigners and a decrease in the surplus on income were partly offsetting.
Goods and services
The deficit on goods and services decreased to $83.0 billion in the second
quarter from $92.4 billion in the first.
Goods
The deficit on goods decreased to $115.5 billion in the second quarter
from $124.0 billion in the first.
Goods exports decreased to $246.1 billion from $249.4 billion. The
decrease was more than accounted for by a decrease in capital goods, reflecting
declines in most categories of capital goods. Automotive products and consumer
goods also decreased. These decreases were partly offset by increases in foods,
feeds, and beverages and in industrial supplies and materials.
Goods imports decreased to $361.6 billion from $373.4 billion. The
decrease was more than accounted for by a decrease in nonpetroleum products,
particularly in nonpetroleum industrial supplies and materials and in capital
goods. Consumer goods and automotive products also decreased. These decreases
were partly offset by an increase in petroleum and products.
Services
The surplus on services increased to $32.5 billion in the second quarter
from $31.6 billion in the first.
Services exports decreased to $121.7 billion from $122.8 billion. The
decrease was more than accounted for by decreases in travel, in passenger fares,
and in "other" transportation (such as freight and port services). These decreases
were partly offset by increases in transfers under U.S. military agency sales
contracts and in "other" private services (such as business, professional, and
technical services, insurance services, and financial services).
Services imports decreased to $89.2 billion from $91.2 billion. The
decrease was more than accounted for by decreases in "other" transportation, in
travel, and in passenger fares. These decreases were partly offset by increases
in "other" private services and in direct defense expenditures.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. International Transactions, 2nd Quarter 2009 Current Account [16 September 2009]
http://www.bea.gov/newsreleases/international/transactions/2009/trans209.htm
or
http://www.bea.gov/newsreleases/international/transactions/2009/pdf/trans209.pdf
[full-text, 7 pages]
or
http://www.bea.gov/newsreleases/international/transactions/2009/xls/trans209.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/international/transactions/2009/pdf/trans209_fax.pdf
The U.S. current-account deficitÂthe combined balances on trade in goods
and services, income, and net unilateral current transfersÂdecreased to $98.8
billion (preliminary) in the second quarter of 2009, the smallest deficit since
the fourth quarter of 2001, from $104.5 billion (revised) in the first quarter.
The decrease was more than accounted for by a decrease in the deficit on goods.
A small increase in the surplus on services also contributed to the lower
current-account deficit. An increase in net unilateral current transfers to
foreigners and a decrease in the surplus on income were partly offsetting.
Goods and services
The deficit on goods and services decreased to $83.0 billion in the second
quarter from $92.4 billion in the first.
Goods
The deficit on goods decreased to $115.5 billion in the second quarter
from $124.0 billion in the first.
Goods exports decreased to $246.1 billion from $249.4 billion. The
decrease was more than accounted for by a decrease in capital goods, reflecting
declines in most categories of capital goods. Automotive products and consumer
goods also decreased. These decreases were partly offset by increases in foods,
feeds, and beverages and in industrial supplies and materials.
Goods imports decreased to $361.6 billion from $373.4 billion. The
decrease was more than accounted for by a decrease in nonpetroleum products,
particularly in nonpetroleum industrial supplies and materials and in capital
goods. Consumer goods and automotive products also decreased. These decreases
were partly offset by an increase in petroleum and products.
Services
The surplus on services increased to $32.5 billion in the second quarter
from $31.6 billion in the first.
Services exports decreased to $121.7 billion from $122.8 billion. The
decrease was more than accounted for by decreases in travel, in passenger fares,
and in "other" transportation (such as freight and port services). These decreases
were partly offset by increases in transfers under U.S. military agency sales
contracts and in "other" private services (such as business, professional, and
technical services, insurance services, and financial services).
Services imports decreased to $89.2 billion from $91.2 billion. The
decrease was more than accounted for by decreases in "other" transportation, in
travel, and in passenger fares. These decreases were partly offset by increases
in "other" private services and in direct defense expenditures.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 6:03 AM
