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Discrepancies in Trade Statistics between the United States and China Have Decreased, Joint Report Shows

Washington, DC - The U.S. Department of Commerce today released findings on the differences between the official trade statistics produced by the United States and China.

Commerce Releases Report Detailing the 2010 Geographic Concentration of Manufacturing Across United States

WASHINGTON, D.C. – The U.S. Commerce Department's Economics and Statistics Administration today released a new report that assesses the importance of manufacturing to local economies throughout the United States. The manufacturing sector added roughly 500,000 new jobs from the beginning of 2010 through the end of 2012, and contributed more than 25 percent of the overall growth in gross output between 2009 and 2011. 

Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in October 2012

WASHINGTON – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the October 2012 U.S. International Trade in Goods and Services (PDF) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. In October 2012, imports of goods and services declined 2.1 percent from September to reach $222.8 billion, and exports of goods and services reached $180.5 billion, down 3.6 percent over this period.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in September 2012

The U.S. Commerce Department’s Census Bureau and Bureau of Economic Analysis today released the balance of foreign trade for September 2012. The trade deficit narrowed 5.1 percent from August to September, to $41.5 billion–significantly better than market expectations that the monthly deficit would grow. Exports rose 3.1 percent, to $187.0 billion, and imports increased 1.5 percent, to $228.5 billion. Goods exports increased by $5.4 billion to a record high $134.0 billion. Services exports rose by $0.3 billion to $53.0 billion, also a record high.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in July 2012

Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the July 2012 U.S. International Trade in Goods and Services report (July 2012) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in July 2012 were down 1.0 percent from June 2012 to reach $183.3 billion and imports declined 0.8 percent to $225.3 billion.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in July 2012

WASHINGTON, D.C. – The Commerce Department’s U.S. Census Bureau today released new residential construction data for July 2012. Permits for new housing units were up 6.8 percent from June and up 29.5 percent from July 2011. Housing starts for July 2012 were down 1.1 percent from June, but up 21.5 percent from July 2011.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in June 2012

WASHINGTON, D.C. – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the June 2012 U.S. International Trade in Goods and Services (June 2012) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. The U.S. trade deficit in June shrank a significant 10.7 percent from May, to $42.9 billion, exceeding private-sector expectations. Exports grew a strong 0.9 percent, to a record $185.0 billion, and imports declined 1.5 percent, to $227.9 billion. June exports of goods ($132.8 billion) were also the highest on record.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on the Advance Estimate of GDP in the Second Quarter of 2012

The U.S. Commerce Department’s Bureau of Economic Analysis today released the advance estimate of gross domestic product (GDP) for the second quarter of 2012. Real GDP grew 1.5 percent at an annual rate in the second quarter, consistent with private sector expectations.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in June 2012

WASHINGTON - The Commerce Department's U.S. Census Bureau today released June 2012 data on new residential construction. Housing starts in June 2012 were at a seasonally adjusted annual rate of 760,000, up 6.9 percent from May’s revised estimate and up 23.6 percent from June 2011. Starts of multifamily structures increased 12.8%, and single-family starts rose 4.7%. Building permits for the month were at a seasonally adjusted annual rate of 755,000, down 3.7 percent from the revised May rate but up 19.3 percent from one year earlier.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in May 2012

WASHINGTON – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the May 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in May 2012 increased 0.2 percent from April 2012 to reach $183.1 billion, with record exports in total services ($52.4 billion), and foods, feeds, and beverages ($11.8 billion).

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