13:30 - Dados States
Enviado: 12/4/2005 13:328:30am 04/12/05 U.S. CHINESE TEXTILE IMPORTS UP 62.4% YEAR-TO-DATE
8:30am 04/12/05 U.S. FEB. TRADE GAP WITH CHINA $13.9 BLN
8:30am 04/12/05 U.S. JAN. TRADE GAP REV $58.5 BLN VS $58.3 PREV EST
8:30am 04/12/05 U.S. FEB. TRADE GAP ABOVE CONSENSUS OF $58.5 BLN
8:30am 04/12/05 U.S. FEB. TRADE GAP WIDENS 4.3% TO RECORD $61.0 BLN
ECONOMIC REPORT: Trade gap hits new record in Feb.; Chinese textile imports up 62.4% in first two months of '05
By Greg Robb, MarketWatch
Last Update: 8:30 AM ET April 12, 2005
WASHINGTON (MarketWatch) - Continued U.S. consumer demand for imported goods and a further surge in textile imports from China boosted the trade deficit to $61.0 billion in February, a 4.3% jump from January and the largest deficit on record, the Commerce Department said.
The February trade gap was larger than economists had forecast. Economists expected the trade deficit to widen to $58.5 billion in February, according to a MarketWatch survey.
The January trade deficit was also larger than initially estimated. The department revised the January trade deficit to $58.5 billion, compared with the previous estimate of $58.3 billion.
The widening trade deficit in February was fueled by a 1.6% rise in imports of goods and services, which totaled a record $161.5 billion in the second month of the year.
Exports were essentially flat, rising 0.1% at a record $100.5 billion.
Imports of goods alone rose 1.7% to $135.9 billion. Although imports of petroleum were the second largest on record, the rise in imports was not just oil. Imports of non-petroleum products were a record $117.4 billion in February.
Imports of consumer goods rose 2.0% in February, led by drugs, clothing and toys.
Exports of goods alone rose 0.1% to $71.2 billion. Increased exports of industrial supplies and consumer goods were offset by declines in exports of capital goods and farm products.
Chinese textiles
The U.S. trade deficit with China widened to $13.9 billion in February compared with $8.3 billion in the same month last year.
In February, imports of textiles from China rose 9.8% to $2.08 billion from the previous month. In the first two months of the year, Chinese textile imports are up 62.4% from the same period in 2004.
The increases followed a Jan.1 expiration of world-wide limits on trade in textile and apparel products. U.S. manufacturers have asked the Bush administration to put new import curbs on Chinese products.
Oil
The U.S. petroleum deficit widened 8% to $16.4 billion.
The U.S. imported 296.9 million barrels of crude oil in February, or 10.6 million barrels per day, compared with 322.8 million or 10.4 million barrels in January.
The average price per barrel of oil rose to $36.85 in Februar y from $35.35 in January.
8:30am 04/12/05 U.S. FEB. TRADE GAP WITH CHINA $13.9 BLN
8:30am 04/12/05 U.S. JAN. TRADE GAP REV $58.5 BLN VS $58.3 PREV EST
8:30am 04/12/05 U.S. FEB. TRADE GAP ABOVE CONSENSUS OF $58.5 BLN
8:30am 04/12/05 U.S. FEB. TRADE GAP WIDENS 4.3% TO RECORD $61.0 BLN
ECONOMIC REPORT: Trade gap hits new record in Feb.; Chinese textile imports up 62.4% in first two months of '05
By Greg Robb, MarketWatch
Last Update: 8:30 AM ET April 12, 2005
WASHINGTON (MarketWatch) - Continued U.S. consumer demand for imported goods and a further surge in textile imports from China boosted the trade deficit to $61.0 billion in February, a 4.3% jump from January and the largest deficit on record, the Commerce Department said.
The February trade gap was larger than economists had forecast. Economists expected the trade deficit to widen to $58.5 billion in February, according to a MarketWatch survey.
The January trade deficit was also larger than initially estimated. The department revised the January trade deficit to $58.5 billion, compared with the previous estimate of $58.3 billion.
The widening trade deficit in February was fueled by a 1.6% rise in imports of goods and services, which totaled a record $161.5 billion in the second month of the year.
Exports were essentially flat, rising 0.1% at a record $100.5 billion.
Imports of goods alone rose 1.7% to $135.9 billion. Although imports of petroleum were the second largest on record, the rise in imports was not just oil. Imports of non-petroleum products were a record $117.4 billion in February.
Imports of consumer goods rose 2.0% in February, led by drugs, clothing and toys.
Exports of goods alone rose 0.1% to $71.2 billion. Increased exports of industrial supplies and consumer goods were offset by declines in exports of capital goods and farm products.
Chinese textiles
The U.S. trade deficit with China widened to $13.9 billion in February compared with $8.3 billion in the same month last year.
In February, imports of textiles from China rose 9.8% to $2.08 billion from the previous month. In the first two months of the year, Chinese textile imports are up 62.4% from the same period in 2004.
The increases followed a Jan.1 expiration of world-wide limits on trade in textile and apparel products. U.S. manufacturers have asked the Bush administration to put new import curbs on Chinese products.
Oil
The U.S. petroleum deficit widened 8% to $16.4 billion.
The U.S. imported 296.9 million barrels of crude oil in February, or 10.6 million barrels per day, compared with 322.8 million or 10.4 million barrels in January.
The average price per barrel of oil rose to $36.85 in Februar y from $35.35 in January.