US ECONOMICS
U.S. Census Bureau. 11/03/2017. U.S. International Trade in Goods and Services, September 2017
The nation's international trade deficit in goods and services increased to $43.5 billion in September from $42.8 billion in August (revised), as imports increased more than exports.
- September 2017: 43.5° $ billion
- August 2017 (r): 42.8° $ billion
(*) The 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.
(°) Statistical significance is not applicable or not measurable for these surveys. The Manufacturers’ Shipments, Inventories and Orders estimates are not based on a probability sample, so we can neither measure the sampling error of these estimates nor compute confidence intervals.
(r) Revised.
All estimates are seasonally adjusted except for the Rental Vacancy Rate, Home Ownership Rate, Quarterly Financial Report for Retail Trade, and Quarterly Services Survey. None of the estimates are adjusted for price changes.
DoC. BEA. November 3, 2017. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES, September 2017
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce,
announced today that the goods and services deficit was $43.5 billion in September, up $0.7 billion
from $42.8 billion in August, revised. September exports were $196.8 billion, $2.1 billion more
than August exports. September imports were $240.3 billion, $2.8 billion more than August imports.
The September increase in the goods and services deficit reflected an increase in the goods deficit
of $0.6 billion to $65.4 billion and a decrease in the services surplus of $0.2 billion to $21.9
billion.
Year-to-date, the goods and services deficit increased $34.5 billion, or 9.3 percent, from the
same period in 2016. Exports increased $93.0 billion or 5.6 percent. Imports increased $127.5 billion
or 6.3 percent.
Goods and Services Three-Month Moving Averages (Exhibit 2)
The average goods and services deficit decreased less than $0.1 billion to $43.3 billion for the
three months ending in September.
* Average exports of goods and services increased $0.6 billion to $195.4 billion in September.
* Average imports of goods and services increased $0.6 billion to $238.6 billion in September.
Year-over-year, the average goods and services deficit increased $3.0 billion from the three months
ending in September 2016.
* Average exports of goods and services increased $8.4 billion from September 2016.
* Average imports of goods and services increased $11.4 billion from September 2016.
Exports (Exhibits 3, 6, and 7)
Exports of goods increased $1.8 billion to $130.6 billion in September.
Exports of goods on a Census basis increased $2.1 billion.
* Industrial supplies and materials increased $1.9 billion.
o Crude oil increased $1.1 billion.
o Nonmonetary gold increased $0.3 billion.
* Other goods increased $0.8 billion.
* Consumer goods decreased $0.2 billion.
o Pharmaceutical preparations decreased $1.0 billion.
Net balance of payments adjustments decreased $0.3 billion.
Exports of services increased $0.3 billion to $66.2 billion in September.
* Transport increased $0.3 billion.
Imports (Exhibits 4, 6, and 8)
Imports of goods increased $2.4 billion to $196.0 billion in September.
Imports of goods on a Census basis increased $2.5 billion.
* Capital goods increased $1.5 billion.
o Semiconductors increased $0.5 billion.
o Civilian aircraft increased $0.3 billion.
* Industrial supplies and materials increased $1.1 billion.
o Other petroleum products increased $0.7 billion.
* Automotive vehicles, parts, and engines decreased $0.6 billion.
o Passenger cars decreased $0.5 billion.
Net balance of payments adjustments decreased $0.1 billion.
Imports of services increased $0.4 billion to $44.3 billion in September.
* Transport increased $0.3 billion.
Real Goods in 2009 Dollars – Census Basis (Exhibit 11)
The real goods deficit increased less than $0.1 billion to $62.2 billion in September.
* Real exports of goods increased $0.9 billion to $125.7 billion.
* Real imports of goods increased $1.0 billion to $187.9 billion.
Revisions
Revisions to August exports
* Exports of goods were revised down $0.4 billion.
* Exports of services were revised down $0.2 billion.
Revisions to August imports
* Imports of goods were revised down less than $0.1 billion.
* Imports of services were revised down $0.2 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)
The September figures show surpluses, in billions of dollars, with Hong Kong ($2.7), South and
Central America ($2.2), Brazil ($0.8), United Kingdom ($0.7), Singapore ($0.7), OPEC ($0.6), Saudi
Arabia ($0.6), and Canada ($0.1). Deficits were recorded, in billions of dollars, with China ($29.9),
European Union ($14.6), Germany ($5.9), Japan ($5.9), Mexico ($5.1), Italy ($2.9), South Korea
($2.4), India ($2.3), Taiwan ($1.5), and France ($1.2).
* The deficit with Germany increased $1.1 billion to $5.9 billion in September. Exports increased
less than $0.1 billion to $4.5 billion and imports increased $1.1 billion to $10.4 billion.
* The deficit with India increased $0.7 billion to $2.3 billion in September. Exports decreased
$0.3 billion to $2.1 billion and imports increased $0.4 billion to $4.4 billion.
* The balance with members of OPEC shifted from a deficit of $0.8 billion to a surplus of
$0.6 billion in September. Exports increased $1.0 billion to $5.2 billion and imports decreased
$0.4 billion to $4.6 billion.
NOTICE
Effects of 2017 Atlantic Hurricanes on U.S. International Trade in Goods and Services
The effects of the recent hurricanes are embedded in the source data that the U.S. Bureau of Economic
Analysis (BEA) and the U.S. Census Bureau use to produce trade in goods and services statistics.
However, these effects generally cannot be isolated, and thus, BEA and the Census Bureau cannot
separately quantify the impacts of the hurricanes. The impacts of Hurricanes Harvey, Irma, and
Maria are reflected in the source data underlying this “U.S. International Trade in Goods and
Services: September 2017” report and will be reflected in subsequent reports until normal trade
activities resume in affected areas.
FULL DOCUMENT: https://www.bea.gov/newsreleases/international/trade/2017/pdf/trad0917.pdf
DoL. BLS. November 3, 2017. THE EMPLOYMENT SITUATION -- OCTOBER 2017
Total nonfarm payroll employment rose by 261,000 in October, and the unemployment rate
edged down to 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment
in food services and drinking places increased sharply, mostly offsetting a decline in
September that largely reflected the impact of Hurricanes Irma and Harvey. In October,
job gains also occurred in professional and business services, manufacturing, and health
care.
Household Survey Data
The unemployment rate edged down by 0.1 percentage point to 4.1 percent in October, and
the number of unemployed persons decreased by 281,000 to 6.5 million. Since January, the
unemployment rate has declined by 0.7 percentage point, and the number of unemployed
persons has decreased by 1.1 million. (See table A-1.)
Among the major worker groups, the unemployment rates for adult women (3.6 percent) and
Whites (3.5 percent) declined in October. The jobless rates for adult men (3.8 percent),
teenagers (13.7 percent), Blacks (7.5 percent), Asians (3.1 percent), and Hispanics
(4.8 percent) showed little change. (See tables A-1, A-2, and A-3.)
In October, the number of long-term unemployed (those jobless for 27 weeks or more) was
little changed at 1.6 million and accounted for 24.8 percent of the unemployed. (See
table A-12.)
The labor force participation rate decreased by 0.4 percentage point to 62.7 percent in
October but has shown little movement on net over the past 12 months. The employment-
population ratio declined by 0.2 percentage point over the month to 60.2 percent, after
increasing by 0.3 percentage point in September. The employment-population ratio is up
by 0.5 percentage point over the year. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) declined by 369,000 to 4.8 million in October. These
individuals, who would have preferred full-time employment, were working part time
because their hours had been cut back or because they were unable to find full-time
jobs. Over the past 12 months, the number of involuntary part-time workers has decreased
by 1.1 million. (See table A-8.)
In October, 1.5 million persons were marginally attached to the labor force, little
changed from a year earlier. (The data are not seasonally adjusted.) These individuals
were not in the labor force, wanted and were available for work, and had looked for a
job sometime in the prior 12 months. They were not counted as unemployed because they
had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 524,000 discouraged workers in October,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe
no jobs are available for them. The remaining 1.0 million persons marginally attached
to the labor force in October had not searched for work for reasons such as school
attendance or family responsibilities. (See table A-16.)
Establishment Survey Data
Total nonfarm payroll employment increased by 261,000 in October, after changing little
in September (+18,000). Employment in food services and drinking places increased sharply
over the month, mostly offsetting a decline in September that largely reflected the impact
of Hurricanes Irma and Harvey. In October, employment also increased in professional and
business services, manufacturing, and health care. (See table B-1.)
Employment in food services and drinking places rose sharply in October (+89,000),
following a decrease of 98,000 in September when many workers were off payrolls due to
the hurricanes.
Professional and business services added 50,000 jobs in October, about in line with its
average monthly gain over the prior 12 months.
Manufacturing employment rose by 24,000 in October, with job gains in computer and
electronic products (+5,000) and chemicals (+4,000). Employment in fabricated metals
continued to trend up (+4,000). Manufacturing has added 156,000 jobs since a recent
employment low in November 2016.
Health care added 22,000 jobs in October. Employment in ambulatory health care services
continued to trend up over the month (+16,000). Health care has added an average of
24,000 jobs per month thus far in 2017, compared with an average gain of 32,000 per
month in 2016.
Employment in other major industries, including mining, construction, wholesale trade,
retail trade, transportation and warehousing, information, financial activities, and
government, changed little in October.
The average workweek for all employees on private nonfarm payrolls was unchanged at
34.4 hours in October. In manufacturing, the workweek increased by 0.2 hour to 41.0
hours, and overtime edged up by 0.1 hour to 3.5 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls edged up by
0.1 hour to 33.7 hours. (See tables B-2 and B-7.)
Average hourly earnings for all employees on private nonfarm payrolls, at $26.53,
were little changed in October (-1 cent), after rising by 12 cents in September.
Over the past 12 months, average hourly earnings have increased by 63 cents, or
2.4 percent. In October, average hourly earnings of private-sector production
and nonsupervisory employees, at $22.22, were little changed (-1 cent). (See
tables B-3 and B-8.)
The change in total nonfarm payroll employment for August was revised up from
+169,000 to +208,000, and the change for September was revised up from -33,000
to +18,000. With these revisions, employment was 90,000 higher than previously
reported. (Monthly revisions result from additional reports received from
businesses and government agencies since the last published estimates and from
the recalculation of seasonal factors.) After revisions, job gains have averaged
162,000 over the last 3 months.
FULL DOCUMENT: https://www.bls.gov/news.release/pdf/empsit.pdf
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ECONOMIA BRASILEIRA
ABPA. REUTERS. 3 DE NOVEMBRO DE 2017. Exportação de carne de frango do Brasil cresce 16,2% em outubro, diz ABPA
SÃO PAULO (Reuters) - As exportações de carne de frango do Brasil, considerando-se todos os produtos in natura e processados, atingiram 365,5 mil toneladas em outubro, alta de 16,2 por cento na comparação com igual mês do ano passado, segundo dados divulgados nesta sexta-feira pela Associação Brasileira de Proteína Animal (ABPA).
Em receita, os embarques aumentaram em 24,6 por cento, para 634,4 milhões de dólares, ante outubro do ano passado.
No acumulado do ano, as vendas internacionais de carne de frango chegaram a 3,674 milhões de toneladas, queda de 0,5 por cento ante o mesmo período de 2016. A receita de exportação, contudo, subiu 7,2 por cento para 6,158 bilhões de dólares.
“Com este resultado, estamos próximo de zerar as perdas acumuladas ao longo deste ano repleto de adversidades, e sustentamos a perspectiva de um fechamento anual com resultado positivo em volumes e receita”, destacou o presidente-executivo da ABPA, Francisco Turra
Por José Roberto Gomes
REUTERS. 3 DE NOVEMBRO DE 2017. Porto do Itaqui projeta exportação maior em 2017 após safra recorde no Brasil
Por Ana Mano
SÃO PAULO (Reuters) - O porto brasileiro do Itaqui, o de águas profundas mais próximo ao Canal do Panamá, projeta para 2017 um aumento no volume embarcado graças a uma safra de grãos recorde e ao desenvolvimento de uma nova fronteira agrícola no norte do país.
Visão geral do Porto do Itaqui em São Luis, no Maranhão 09/12/2011 REUTERS/Paulo Whitaker
A maior parte da carga de exportação do Itaqui chega via linha férrea, modal considerado mais eficiente que as estradas. É o porto público mais profundo do Brasil, e o tempo de viagem para Europa e América do Norte a partir de lá pode ser sete dias mais curto se comparado a terminais do sul do país.
Itaqui movimenta minerais, grãos, fertilizantes, remessas de combustível e celulose. Até recentemente, foi estratégico para a Petrobras, que aproveitava seu profundo calado para importar combustível em grandes embarcações.
Com uma mudança na estratégia da Petrobras, que praticamente anulou suas operações de transbordo com combustíveis no porto, os grãos tornaram-se ainda mais importantes para as atividades do Itaqui, disse Ted Lago, chefe da empresa estatal maranhense que administra o porto, em uma entrevista por telefone.
Após a mudança da Petrobras, os volumes gerais de carga em 2016 caíram cerca de 23 por cento, num momento em que o novo terminal de grãos do Itaqui ainda estava intensificando suas operações. Uma queda na produção de grãos na região de Matopiba, a nova fronteira agrícola do Brasil, também impactou o volume movimentado no porto no ano passado.
No entanto, a safra em Matopiba se recuperou, e o Brasil teve uma colheita de grãos recorde neste ano. Com isso, o volume total movimentado por Itaqui deve aumentar 12,5 por cento, para 19 milhões de toneladas, com os grãos representando 8 milhões de toneladas, disse Lago.
Ainda assim, recentes questões regulatórias ameaçaram a ambição de Itaqui de se tornar um dos portos públicos mais eficientes do Brasil.
Depois de empresas como a Louis Dreyfus e a Glencore International gastarem cerca de 600 milhões de reais para construir um novo terminal de grãos como parte de um consórcio, uma regulamentação da Antaq limitou a quantidade de grãos que um operador estabelecido, a VLI Operações Portuárias, poderia movimentar em Itaqui.
O limite, que é de 2,4 milhões de toneladas de soja e 90 mil toneladas de farelo de soja, objetivava atrair investidores privados para o novo terminal do Itaqui, disse Lago. A VLI, que tem a mineradora Vale como sua maior acionista, opera uma das duas ferrovias que chegam a Itaqui.
Até que o consórcio conhecido como Tegram Operações Portuárias atinja sua capacidade operacional máxima, o que está previsto para acontecer em meados de 2019, a limitação permanece, disse Lago.
USP. FIPE. ZAP IMÓVEIS. 03/11/2017. Preço de imóveis residenciais fica estável em outubro, diz FipeZap. Com o resultado, diretor do Zap Imóveis acredita que os preços sofrerão pouca variação nos próximos meses, favorecendo os consumidores e o mercado imobiliário. Outubro registra estabilidade no preço médio do m², diz FipeZap
SÃO PAULO - A estabilidade no preço do metro quadrado (m²) de imóveis residenciais se consolidou em outubro, segundo a pesquisa Índice FipeZap Venda, realizada pela Fundação Instituto de Pesquisa Econômica (Fipe), em parceria com o portal Zap Imóveis.
Segundo o diretor de inteligência de mercado do Zap Imóveis, Caio Bianchi, o resultado de 0,0% de variação no mês de outubro ante agosto demonstra que o setor imobiliário passou por uma correção de mercado.
"Acreditamos sim que continue com uma estabilidade que é positiva. Os consumidores percebem que os preços não estão caindo e, com essa estabilidade, percebem que é uma boa hora para investir nesse mercado", disse.
Cidades como Belo Horizonte, que mostrava as valorizações mais acentuadas, e o Rio de Janeiro, por outro lado, demonstrando quedas bruscas, começaram a ter variações mais leves nos últimos meses.
Bianchi explica que a capital fluminense teve uma grande expectativa com os jogos olímpicos no ano passado, o que levou os preços para cima. "Hoje, além do fim dessa expectativa e a correção dos preços, o estado vive uma crise de segurança, que também afeta no quanto vale aquela região", afirmou.
Resultados
O preço médio do m² na venda de imóveis residenciais prontos não variou no mês de outubro ante agosto. No acumulado dos últimos 12 meses (novembro de 2016 até outubro de 2017), o índice registra queda nominal - quando não se considera a inflação - de 0,37%.
Das 20 cidades analisadas, 10 apresentaram queda e a outra metade registrou alta. A que mais se desvalorizou no período foi Santos, com queda de 0,58%, seguida pelo Rio de Janeiro, com 0,47%. Entre as variações positivas, Florianópolis e Belo Horizonte lideram a lista, com elevações de 0,53% e 0,51%.
No acumulado de 2017, a média do m² no País apresenta queda de 0,56%. Dos municípios pesquisados, Belo Horizonte, com 4,01%, e Florianópolis, com 3,63%, novamente representam as maiores altas no ano. Já entre as baixas, o Rio de Janeiro e Fortaleza foram os destaques, recuando 3,86% e 3,39% no período, respectivamente.
Em relação aos valores, a média nacional é de R$ 7.633/m², com o Rio de Janeiro e São Paulo liderando os preços mais elevados, com R$ 9.871 e R$ 8.728, respectivamente.
Guilherme Souza
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LGCJ.:
