Printer Friendly

INTERNATIONAL STATISTICS.

Industrial Production and Consumer Prices--Major Industrial Countries

Period        Industrial production (2012=100; seasonally adjusted)
              United  Canada  Japan  France  Germany  Italy  United
              States                                         Kingdom

2008 r        100.8   102.7   113.2  109.0    100.9   120.8  110.0
2009           89.2    91.0    88.7   95.4     84.4    98.4  100.2
2010 r         94.1    95.4   102.6   99.5     93.5   105.2  103.4
2011           97.1   100.0    99.8  102.5    100.3   106.1  102.8
2012          100.0   100.0   100.0  100.0    100.0   100.0  100.0
2013 r        102.0   101.5    99.4   99.2    100.1    96.9   99.3
2014          105.2   106.5   101.5   98.1    101.5    96.3  100.8
2015          104.1   105.9   100.2   99.6    102.3    97.3  102.0
2016          102.1   106.4   100.0   99.9    103.5    99.3  103.0
2017 r        103.7   111.1   104.5  102.2    107.0   103.0  105.0
2017: Aug r   103.2   111.9   105.4  102.7    108.9   105.8  105.0
      Sept r  103.2   112.4   104.8  102.9    108.0   103.0  106.1
      Oct r   104.8   111.4   105.3  104.5    106.7   103.4  106.3
      Nov r   105.3   112.8   106.0  104.1    110.2   104.2  106.4
      Dec r   105.8   113.6   108.0  104.3    109.8   106.3  105.3
2018: Jan r   105.4   111.8   103.2  102.4    109.4   104.4  106.2
      Feb r   105.9   113.1   105.2  103.6    107.9   103.8  106.3
      Mar r   106.4   113.8   106.7  103.1    109.6   104.9  106.1
      Apr r   107.7   114.4   107.2  102.6    108.2   103.6  105.3
      May r   106.8   114.8   107.0  102.6    110.6   104.3  104.7
      June r  107.5   114.8   105.0  103.2    110.0   104.6  105.7
      July r  107.8   115.2   104.8  104.0    108.1   102.9  106.2
      Aug r   108.2   115.1   105.0  104.3    108.1   104.7  106.5
      Sept p  108.5           103.9
      Oct p

Period        Consumer prices (1982-84=100; NSA)
              United   Canada  Japan  France  Germany  Italy  United
              States                                          Kingdom
               (1)

2008 r        215.303  197.3   120.3  183.9    163.9   280.0  252.4
2009          214.537  197.9   118.7  184.1    164.5   282.2  251.1
2010 r        218.056  201.4   117.8  186.9    166.3   286.5  262.7
2011          224.939  207.2   117.5  190.8    169.7   294.5  276.3
2012          229.594  210.4   117.5  194.6    173.1   303.5  285.2
2013 r        232.957  212.4   117.9  196.3    175.7   307.1  293.9
2014          236.736  216.4   121.1  197.2    177.3   307.9  300.8
2015          237.017  218.8   122.1  197.3    177.7   308.0  303.8
2016          240.007  222.0   121.9  197.7    178.6   307.7  309.1
2017 r        245.120  225.5   122.5  199.7    181.7   311.5  320.1
2017: Aug r   245.519  225.6   122.5  200.3    182.1   312.7  322.7
      Sept r  246.819  226.2   122.7  199.9    182.3   311.8  323.2
      Oct r   246.663  226.3   122.8  200.1    182.3   311.2  323.4
      Nov r   246.669  227.0   123.2  200.3    182.8   310.6  324.0
      Dec r   246.524  226.2   123.6  201.0    183.9   311.8  326.7
2018: Jan r   247.867  227.7   123.7  200.8    182.6   312.7  324.3
      Feb r   248.991  229.1   123.7  200.7    183.4   312.7  326.7
      Mar r   249.554  229.8   123.3  202.8    184.1   313.7  327.0
      Apr r   250.546  230.5   123.2  203.1    184.1   314.0  328.6
      May r   251.588  230.7   123.3  204.0    184.9   314.9  329.8
      June r  251.989  231.0   123.2  204.0    185.1   315.5  330.7
      July r  252.006  232.2   123.3  203.8    185.6   316.4  331.0
      Aug r   252.146  232.0   124.0  204.8    185.7   317.7  333.9
      Sept p  252.439  231.2   124.2  204.3    186.4   316.1  333.8
      Oct p                           204.6    186.7   316.1

(1) Data relate to all urban consumers.
Note: See Note, p. 17, for information on U.S. industrial production
series.
Sources: As reported by each country, Board of Governors of the Federal
Reserve System, and Department of Labor (Bureau of Labor Statistics).

U.S. International Trade in Goods and Services
[Billions of dollars; monthly data seasonally adjusted]

Period                   Goods: Exports (f.a.s. value)
                BOP    Census basis (by end-use category)
               basis    Total,   Foods,    Industrial   Capital
                        Census   feeds,     supplies     goods
                        basis      and        and        except
                         (1)    beverages  materials   automotive

2008          1,308.8  1,287.4    108.3      388.0       457.7
2009          1,070.3  1,056.0     93.9      296.5       391.2
2010          1,290.3  1,278.5    107.7      391.7       447.5
2011          1,498.9  1,482.5    126.2      501.1       494.0
2012          1,562.6  1,545.8    133.0      501.2       527.2
2013          1,593.7  1,578.5    136.2      508.2       534.4
2014          1,635.6  1,621.9    143.7      505.8       551.5
2015          1,511.4  1,503.3    127.7      427.0       539.5
2016          1,457.0  1,451.0    130.5      397.0       519.6
2017          1,553.4  1,546.3    132.7      464.7       533.3
2017: Sept      130.7    130.2     11.3      39.2         44.9
      Oct       130.9    130.3     10.6       41.5        44.0
      Nov       134.3    133.5     10.7       41.2        46.2
      Dec       136.8    136.1     10.9       42.8        47.0
2018: Jan       133.8    133.0     10.7       40.9        44.9
      Feb       136.7    136.0     10.9       43.0        45.7
      Mar       141.0    140.3     11.8       44.3        47.5
      Apr       141.2    140.6     12.4       45.7        46.1
      May       144.9    144.2     14.1       44.4        48.2
      June      143.1    142.5     14.1       46.3        47.3
      July      140.8    140.2     13.2       46.5        46.3
      Aug r     139.0    138.5     12.0       44.1        46.4
      Sept p    141.9    141.3     11.0       46.9        47.5

Period           Goods: Exports       Goods: Imports (customs value)
                 (f.a.s. value)
               Census basis (by                Census basis (by
               end-use category)               end-use category)
              Automotive   Consumer     BOP     Total,   Foods,
              vehicles,     goods      basis    Census   feeds,
              parts and   (nonfood)             basis      and
               engines      except               (1)    beverages
                          automotive

2008           121.5        161.3     2,141.3  2,103.6     89.0
2009            81.7        149.5     1,580.0  1,559.6     81.6
2010           112.0        165.2     1,939.0  1,913.9     91.7
2011           133.0        175.3     2,239.9  2,208.0    107.5
2012           146.2        181.7     2,303.7  2,276.3    110.3
2013           152.7        188.8     2,294.2  2,268.0    115.1
2014           159.8        199.0     2,385.5  2,356.4    125.9
2015           151.9        197.7     2,273.2  2,248.8    127.8
2016           150.3        193.7     2,208.0  2,187.6    130.0
2017           157.6        197.7     2,360.9  2,342.0    137.8
2017: Sept      13.1         16.3       196.6    195.1     11.7
      Oct       12.7         16.4       199.4    198.0     11.7
      Nov       13.5         16.8       204.8    203.3     11.7
      Dec       13.5         16.8       210.1    208.5     11.9
2018: Jan       13.6         17.9       208.3    206.6     11.8
      Feb       14.5         16.7       213.5    211.9     12.6
      Mar       14.1         17.1       210.4    208.9     12.3
      Apr       13.9         17.2       209.6    208.0     12.3
      May       13.6         17.8       210.7    208.9     12.4
      June      12.9         16.4       212.1    210.4     12.2
      July      13.1         16.0       214.0    212.3     12.4
      Aug r     12.8         17.6       215.6    213.9     12.3
      Sept p    12.9         17.8       219.1    217.6     12.1

Period                Goods: Imports (customs value)          Services
                                                                (BOP
                                                               basis)
                    Census basis (by end-use category)
              Industrial   Capital    Automotive   Consumer    Exports
               supplies     goods     vehicles,     goods
                 and        except    parts and   (nonfood)
              materials   automotive   engines      except
                                                  automotive

2008            779.5       453.7      231.2        481.6       532.8
2009            462.4       370.5      157.7        427.3       512.7
2010            603.1       449.4      225.1        483.2       562.8
2011            755.8       510.8      254.6        514.1       627.1
2012            730.6       548.7      297.8        516.9       655.7
2013            681.5       555.7      308.8        531.7       700.5
2014            667.0       594.1      328.6        557.1       741.1
2015            486.0       602.5      349.2        594.2       755.3
2016            443.3       589.9      350.1        583.4       758.9
2017            507.3       640.6      359.0        601.9       797.7
2017: Sept       41.2        54.8       29.7         49.8        67.7
      Oct        42.8        55.1       29.5         50.2        67.7
      Nov        44.9        56.2       30.2         52.0        68.0
      Dec        45.5        57.1       30.7         55.0        68.2
2018: Jan        46.9        55.7       30.7         53.2        68.2
      Feb        47.1        57.6       31.1         55.7        68.7
      Mar        46.7        56.5       30.9         54.7        69.0
      Apr        47.9        56.9       30.0         51.9        69.3
      May        47.9        59.0       29.7         51.4        69.7
      June       48.8        57.5       30.2         53.4        70.1
      July       49.3        58.2       30.7         52.6        70.3
      Aug r      49.7        57.7       31.7         53.5        70.5
      Sept p     49.5        60.1       31.1         55.4        70.7

Period         Services              Balance of trade
              (BOP basis)        (exports minus imports)
               Imports     Goods,           BOP basis
                           Census    Goods  Services   Goods
                           basis                        and
                                                      services

2008           409.1       -816.2   -832.5  123.8      -708.7
2009           386.8       -503.6   -509.7  125.9      -383.8
2010           409.3       -635.4   -648.7  153.4      -495.2
2011           435.8       -725.4   -741.0  191.3      -549.7
2012           452.0       -730.4   -741.1  203.7      -537.4
2013           461.1       -689.5   -700.5  239.4      -461.1
2014           480.8       -734.5   -749.9  260.3      -489.6
2015           492.0       -745.5   -761.9  263.3      -498.5
2016           509.8       -736.6   -751.1  249.1      -502.0
2017           542.5       -795.7   -807.5  255.2      -552.3
2017: Sept      46.2        -64.9    -65.9   21.5       -44.4
      Oct       46.2        -67.6    -68.5   21.5       -47.0
      Nov       46.4        -69.8    -70.6   21.6       -49.0
      Dec       46.8        -72.4    -73.3   21.4       -51.9
2018: Jan       46.0        -73.6    -74.6   22.2       -52.3
      Feb       46.9        -76.0    -76.8   21.8       -55.0
      Mar       46.3        -68.5    -69.4   22.8       -46.7
      Apr       46.4        -67.4    -68.4   22.9       -45.5
      May       46.5        -64.7    -65.8   23.2       -42.6
      June      46.9        -67.9    -68.9   23.2       -45.7
      July      47.2        -72.0    -73.2   23.1       -50.0
      Aug r     47.1        -75.4    -76.6   23.3       -53.3
      Sept p    47.5        -76.3    -77.2   23.2       -54.0

(1) Total includes ''other'' exports or imports, not shown separately.
Note: BOP refers to balance of payments on international transactions
basis. BOP data shown here are consistent with figures shown on pp. 36
and 37.
Source: Department of Commerce (Bureau of the Census and Bureau of
Economic Analysis).


U.S. International Transactions

In the second quarter of 2018, the current account deficit fell to $101.5 billion from $121.7 billion in the first quarter. The goods and services deficit fell to $133.8 billion from $154.0 billion in the first quarter.
[Millions of dollars; quarterly data seasonally adjusted]

Period                         Current Account (1)
                       Goods (2)            Services
             Exports   Imports    Balance   Exports  Imports  Balance
                                    on                          on
                                   goods                       goods

2008        1,308,795  2,141,287  -832,492  532,817  409,052  123,765
2009        1,070,331  1,580,025  -509,694  512,722  386,801  125,920
2010        1,290,279  1,938,950  -648,671  562,759  409,313  153,446
2011        1,498,887  2,239,886  -740,999  627,061  435,761  191,300
2012        1,562,630  2,303,749  -741,119  655,724  452,013  203,711
2013        1,593,708  2,294,247  -700,539  700,491  461,087  239,404
2014        1,635,563  2,385,480  -749,917  741,094  480,761  260,333
2015        1,511,381  2,273,249  -761,868  755,310  491,966  263,343
2016        1,456,957  2,208,008  -751,051  758,888  509,838  249,050
2017        1,553,383  2,360,878  -807,495  797,690  542,471  255,219
2016: I       353,330    539,770  -186,440  186,905  125,727   61,179
      II      361,159    546,454  -185,295  189,118  125,922   63,196
      III     371,283    556,600  -185,316  191,760  128,214   63,546
      IV      371,186    565,185  -194,000  191,104  129,975   61,129
2017: I       381,138    579,484  -198,346  195,168  131,781   63,387
      II      382,492    582,440  -199,948  197,252  134,004   63,248
      III     387,814    584,637  -196,823  201,293  137,261   64,032
      IV      401,939    614,317  -212,378  203,977  139,426   64,551
2018: I       411,442    632,244  -220,802  205,994  139,182   66,812
      II p    429,238    632,396  -203,158  209,152  139,806   69,346

Period                             Current Account (1)
            Balance   Primary income receipts and   Balance   Balance
               on            payments                 on        on
             goods    Receipts  Payments  Balance  secondary  current
              and                           on      Income    account
            services                      primary     (3)
                                          income

2008        -708,726  815,567   685,918   129,649  -102,312   -681,389
2009        -383,774  613,249   498,089   115,160  -103,907   -372,521
2010        -495,225  680,169   511,948   168,221  -104,261   -431,265
2011        -549,699  755,937   544,853   211,084  -107,047   -445,662
2012        -537,408  767,972   560,497   207,475   -96,900   -426,832
2013        -461,135  792,819   586,842   205,977   -93,643   -348,801
2014        -489,584  824,543   606,152   218,391   -94,006   -365,199
2015        -498,525  810,073   606,464   203,608  -112,848   -407,764
2016        -502,001  830,174   637,151   193,023  -123,895   -432,873
2017        -552,277  928,118   706,386   221,731  -118,597   -449,142
2016: I     -125,261  199,946   154,498    45,447   -32,087   -111,901
      II    -122,099  207,929   160,387    47,543   -28,501   -103,057
      III   -121,770  206,389   162,480    43,909   -31,465   -109,327
      IV    -132,871  215,911   159,787    56,124   -31,842   -108,589
2017: I     -134,959  217,567   164,962    52,604   -25,355   -107,709
      II    -136,700  223,979   175,444    48,535   -33,672   -121,837
      III   -132,791  237,632   179,410    58,222   -28,878   -103,447
      IV    -147,826  248,940   186,569    62,371   -30,692   -116,148
2018: I     -153,989  256,029   194,854    61,175   -28,896   -121,710
      II p  -133,812  259,930   199,085    60,845   -28,493   -101,460

Period       Current
             account
             balance
               as a
            percentage
              of GDP

2008          -4.6
2009          -2.6
2010          -2.9
2011          -2.9
2012          -2.6
2013          -2.1
2014          -2.1
2015          -2.2
2016          -2.3
2017          -2.3
2016: I       -2.4
      II      -2.2
      III     -2.3
      IV      -2.3
2017: I       -2.2
      II      -2.5
      III     -2.1
      IV      -2.3
2018: I       -2.4
      II p    -2.0

(1) Current and capital account statistics in the international
transactions accounts differ slightly from statistics in the National
Income and Product Accounts (NIPAs) because of adjustments made to
convert the international statistics to national accounting concepts. A
reconciliation can be found in NIPA table 4.3B.
(2) Adjusted from Census data to align with concepts and definitions
used to prepare the international and national economic accounts. The
adjustments are necessary to supplement coverage of Census data, to
eliminate duplication of transactions recorded elsewhere in the
international accounts, to value transactions according to a standard
definition, and for earlier years, to record transactions in the
appropriate period.
(3) Includes U.S. government and private transfers, such as U.S.
government grants and pensions, fines and penalties, withholding taxes,
personal transfers, insurance-related transfers, and other current
transfers.
See p. 37 for continuation of table.


In the financial account, U.S. net borrowing was $134.3 billion in the second quarter of 2018, resulting from a net decrease in U.S. financial assets of $175.1 billion plus a net decrease in financial derivatives of $17.0 billion, less a net decrease in U.S. liabilities of $57.7 billion. U.S. net borrowing was down from $160.9 billion in the first quarter.
[Millions of dollars; quarterly data seasonally adjusted]

Period                           Financial account
            Balance  Net U.S. acquisition of financial assets excluding
              on                    financial derivatives
            capital   [net increase in assets / financial outflow (+)]
            account    Total      Direct    Portfolio     Other
              (1)               investment  investment  investment
                                  assets      assets      assets

2008         6,010    -317,607   343,584    -284,269    -381,770
2009          -140     131,074   312,597     375,883    -609,662
2010          -157     958,703   349,829     199,620     407,420
2011        -1,186     492,530   436,615      85,365     -45,327
2012         6,904     176,764   377,239     248,760    -453,695
2013          -412     649,587   392,796     481,298    -221,408
2014           -45     866,523   387,528     582,676    -100,099
2015           -42     202,208   307,058     160,410    -258,968
2016           -59     348,625   312,975      36,283      -2,723
2017        24,746   1,182,749   379,222     586,695     218,522
2016: I        -58      39,781    76,062     -64,312      29,222
      II         0     350,387   103,425     147,012      99,761
      III       -1      40,432    95,894     -33,346     -23,759
      IV         0     -81,975    37,593     -13,071    -107,947
2017: I         -1     366,101   135,054     141,783      89,505
      II         0     315,922    49,976     180,700      85,095
      III   24,787     373,591   102,936     175,910      94,804
      IV       -40     127,135    91,256      88,301     -50,883
2018: I         -2     251,126  -139,326     304,094      86,365
      II p       0    -175,112   -28,972     -23,737    -125,471

Period      Financial account
              Net U.S.     Net U.S. incurrence of liabilities excluding
             acquisition              financial derivatives
            of financial     [net increase in liabilities / financial
               assets                      inflow (+)]
              excluding
              financial
             derivatives
            [net increase
              in assets
             / financial
            outflow (+)]
             Reserve         Total      Direct      Portfolio
             assets (4)               investment   investment
                                      liabilities  liabilities

2008          4,848          462,408   341,091      523,683
2009         52,256          325,644   161,082      357,352
2010          1,835        1,391,042   264,039      820,434
2011         15,877          983,522   263,499      311,626
2012          4,460          632,034   250,343      747,017
2013         -3,099        1,052,068   288,131      511,987
2014         -3,583        1,109,443   251,857      697,607
2015         -6,292          501,121   509,087      213,910
2016          2,090          741,529   494,455      231,349
2017         -1,690        1,537,683   354,829      799,182
2016: I      -1,191          152,172   158,914      -52,832
      II        189          368,537   186,295        4,783
      III     1,642          243,723   130,934      217,768
      IV      1,450          -22,901    18,312       61,630
2017: I        -241          429,098   112,354      160,111
      II        150          445,338    97,118      263,170
      III       -61          504,082   107,107      294,275
      IV     -1,539          159,164    38,250       81,626
2018: I          -7          441,080    57,949      301,503
      II p    3,068          -57,743    24,565       10,071

Period                Financial account                 Statistical
               Net U.S.      Financial    Net lending   discrepancy
            incurrence of   derivatives       (+)
             liabilities       other         or net
              excluding         than       borrowing
              financial      reserves,        (-)
             derivatives        net           from
            [net increase   transactions   financial
            in liabilities                  account
             / financial                  transactions
             inflow (+)]                      (5)
               Other
            investment
            liabilities

2008        -402,367          32,947       -747,069      -71,690
2009        -192,789         -44,816       -239,386      133,275
2010         306,569         -14,076       -446,415      -14,992
2011         408,397         -35,006       -525,998      -79,150
2012        -365,327           7,064       -448,205      -28,277
2013         251,949           2,222       -400,259      -51,046
2014         159,979         -54,335       -297,255       67,989
2015        -221,876         -27,035       -325,948       81,859
2016          15,725           7,827       -385,078       47,855
2017         383,671          23,074       -331,860       92,536
2016: I       46,089          10,782       -101,609       10,350
      II     177,458             608        -17,541       85,516
      III   -104,979           3,437       -199,854      -90,527
      IV    -102,843          -7,000        -66,073       42,515
2017: I      156,633          -5,609        -68,606       39,104
      II      85,050           9,306       -120,111        1,727
      III    102,701          18,600       -111,891      -33,231
      IV      39,288             777        -31,252       84,936
2018: I       81,628          29,024       -160,930      -39,218
      II p   -92,379         -16,969       -134,337      -32,877

Period      U.S. official
               reserve
               assets,
                 net
            (unadjusted,
               end of
             period) (4)

2008          77,648
2009         130,760
2010         132,433
2011         147,953
2012         150,175
2013         144,575
2014         130,090
2015         117,581
2016         117,332
2017         123,313
2016: I      119,727
      II     120,202
      III    122,431
      IV     117,332
2017: I      118,793
      II     122,015
      III    123,863
      IV     123,313
2018: I      126,510
      II p   125,099

(4) Consists of monetary gold, special drawing rights (SDRs), the U.S.
reserve position in the International Monetary Fund (IMF), and other
reserve assets, including foreign currencies.
(5) Net lending means that U.S. residents are net suppliers of funds to
foreign residents, and net borrowing means the opposite.
Sources: Department of Commerce (Bureau of Economic Analysis),
Department of the Treasury, and the Board of Governors of the Federal
Reserve System.
COPYRIGHT 2018 Superintendent of Documents
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Economic Indicators
Article Type:Report
Geographic Code:0INDU
Date:Oct 1, 2018
Words:3873
Previous Article:FEDERAL FINANCE.
Next Article:TOTAL OUTPUT, INCOME, AND SPENDING.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters