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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Paul Kern who wrote (73912)	11/9/2006 8:39:19 AM
From: Paul Kern	of 110194

DJ DATA SNAP: US Sep Trade Gap Shrinks More Than Expected =============================================================== Sep International Trade ! ! Sep Aug ! Consensus: ! Deficit: $64.30B $68.96Br ! $65.80B ! Exports: $123.16B $122.61Br ! Actual: ! Imports: $187.46B $191.57Br ! $64.30B ! =============================================================== By Jeff Bater Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. trade balance improved during September, shrinking to a gap smaller than expected as oil prices fell and the nation curbed its overseas purchases for the first time in seven months. The U.S. deficit in international trade of goods and services decreased by 6.8% to $64.30 billion from $68.96 billion in August, the Commerce Department said Thursday. August's shortfall was previously estimated at $69.86 billion. The September trade deficit was lower than Wall Street expected. The median estimate of 22 economists surveyed by Dow Jones Newswires was a deficit of $65.80 billion. Imports in September declined for the first time since February, sliding 2.1%. The U.S. economy has weakened since the beginning of this year, increasing at a rate of 1.6% July through September after rising 2.6% in the second quarter and 5.6% in the first quarter. U.S. imports decreased to $187.46 billion in September from $191.57 billion in August. The volume of crude oil imports dropped, down to 316.59 million barrels from 343.49 million, but the average price of a barrel of crude fell by $3.60 to $62.52. The value of crude oil imports decreased to $19.79 billion from $22.71 billion in August. The nation's bill for all energy-related petroleum products dropped to $25.81 billion from August's $30.50 billion. Purchases of industrial materials such as petroleum products and iron from overseas fell by $3.57 billion. Imports of capital goods like telecommunications equipment decreased by $555 million. Purchases of cars and parts made abroad decreased, down by $413 million. Imports of foods and beverages declined by $103 million. Consumer goods imports - including clothing - climbed by $562 million. U.S. exports rose by 0.5% to a record $123.16 billion in September from $122.61 billion in August. Sales climbed by $713 million for capital goods, including civilian aircraft. Exports increased by $1.01 billion for industrial materials. Exports of foods and beverages fell, decreasing by $284 million. Sales of autos and parts dropped by $676 million. Exports of consumer goods such as artwork were down $359 million. Deficits with major trading partners in September mostly fell. The deficit with China increased to $22.96 billion from $21.96 billion in August. But the trade gap with the euro area fell to $5.24 billion from $8.94 billion. The monthly shortfall with Mexico decreased to $5.84 billion from $6.23 billion. The trade gap with Canada fell to $5.67 billion from $6.07 billion. The deficit with Japan shrank to $6.73 billion from $7.47 billion. -By Jeff Bater, Dow Jones Newswires; 202-862-6616; jeff.bater@dowjones.com

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