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July 2016

Secretary Pritzker on International Trade in Goods and Services in May 2016

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the May 2016 U.S. International Trade in Goods and Services monthly data. U.S. exports of goods and services decreased slightly to $182.4 billion in May from $182.7 billion in April. New monthly export records were established in Telecommunications, Computer, and Information services -- $3.1 billion – and in Insurance Services -- $1.5 billion. Year-to-date, the trade deficit has improved 3.5 percent or $7.2 billion. The goods trade deficit year-to-date has improved with China (7.3 percent) and the European Union (5.4 percent) during that period.

Remarks By U.S. Secretary of Commerce Penny Pritzker at EU-U.S. Privacy Shield Framework Press Conference

BRUSSELS – Today, U.S. Secretary of Commerce Penny Pritzker joined European Union Commissioner Věra Jourová to announce the approval of the EU-U.S. Privacy Shield Framework. The Framework is a milestone achievement that will provide strong data privacy and facilitate more trade and job creating investments in both the U.S. and Europe.

New Foreign Direct Investment in the United States, 2014 and 2015

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion; according to the Bureau of Economic Analysis (BEA) in statistics released today.

A New Data Joint Adventure

Data: The Innovation Currency of the Digital AgeData, you might say, is the innovation currency of the Digital Age.  Data solutions surround us – like when we’re in the backseat of an Uber browsing LinkedIn while the driver uses Waze for the best route while streaming Pandora on the radio.  Every day innovators are using public and private data to dream up and deliver new customer solutions.  And we’re just at the beginning. 

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