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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.

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 (PDF) (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

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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.