29 Feb

United States Economic Statistics part-II

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United States Consumer Price Index (CPI) 
The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services.
 
CPI (Consumer Price Index) in the U.S increased to 238.11 Index Points in January of 2016 from 237.85 Index Points in December of 2015. CPI in the U.S averaged 105.86 Index Points from 1950 until 2016, reaching an all-time high point of 238.11 Index Points in November of 2015 and record low points of 23.51 Index Points in January of 1950.
 
United States Core Inflation Rate
The core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes volatile food and fuel costs.
 
Core consumer prices in the U.S which exclude energy and food increased 2.20 % in January of 2016 over the same January month in the last year. Core inflation accelerated for the 3rd consecutive month, reaching the highest percentage since June of 2012 and beating market expectations of 2.1 %. Upward pressure came from prices of services less energy 3 % compared to 2.9 % in December, namely shelter 3.2 % the same as in December, transportation services 2.7 % from 2.6 % in December and medical care 3.3 % from 2.9 % in December. On a monthly basis, core consumer prices increased 0.3 %. Core Inflation Rate in the U.S averaged 3.71 % from 1957 until 2016, reaching an all-time high percentage of 13.60 % in June of 1980 and a record low percentage of 0 % in May of 1957
 
United States Inflation Rate
Unadjusted CPI (Consumer Price Index) for All Urban Consumers is based on the prices of a market basket of energy (9.3 %), food (14 % of total weight), services fewer energy services (57.3 %) and commodities less food and energy commodities (19.4 %). The last category is divided by transportation services (5.5 %) and shelter (32.1 %), medical care services (5.8 %).
 
Consumer prices in the U.S went up 1.4 % year-on-year in January of 2016, following a 0.7 % increase in the previous month. The inflation rate accelerated for the 4th straight month, inflation rate reaching the highest since October of 2014 and beating market expectations of a 1.3 % gain, driven by prices of rents, medical care, and transportation while energy cost fell at a slower pace. Core inflation reached the highest percentage in 4-1/2-years. Inflation Rate in the United States averaged 3.30 % from 1914 until 2016, reaching an all-time high percentage of 23.70 % in June of 1920 and a record low percentage of -15.80 % in June of 1921
 
United States Inflation Rate MoM
The CPI (Consumer Price Index) in the U.S (United States) was unchanged percent in January over the previous month December of 2015 as an increase in the index for all items less energy and food offset a decline in energy. Inflation Rate month-on-month (Mom) in the U.S averaged 0.29 % from 1950 until 2016, reaching an all-time high percentage of 1.80 % in February of 1951 and a record low percentage of -1.80 % in November of 2008.
 
United States Central Bank Balance Sheet
Central Bank Balance Sheet in the U.S increased to 4459074 Million USD on February 17 from 4446480 Million USD in the previous week. Central Bank Balance Sheet in the U.S averaged 2092555.98 Million USD from 2002 until 2016, reaching an all-time high balance of 4473864 Million USD in February of 2015 and a record low balance of 672444 Million USD in January of 2003. 
 
United States Net Purchases of U.S Treasury Bonds and Notes
Foreign Bond Investment refers to net amount purchases of United States treasury bonds and notes by companies or foreign individuals. Negative figures indicate a net outflow of capital from the U.S or net sales by foreigners to United States residents.
 
Foreign investors sold 35.91 billion USD of United States Treasuries in December of 2015, after buying 38.4 billion USD in November. Foreign Bond Investment in the U.S averaged 11056.42 Million USD from 1978 until 2015, reaching an all-time high purchase of 118012 Million USD in August of 2010 and record low purchases of -55152 Million’s USD in October of 2015. 
 
United States Foreign Exchange Reserves
Foreign Exchange Reserves are the foreign assets controlled or held by the country central bank. The reserves are made of a specific currency or gold. They can also be special drawing rights and marketable securities denominated in foreign currencies like government bonds, treasury bills, corporate bonds, foreign currency loans and equities.
 
Foreign Exchange Reserves in the U.S increased to 117581 Million USD in December from 116640 Million USD in November of 2015. Foreign Exchange Reserves in the U.S averaged 53234.59 Million USD from 1957 until 2015, reaching an all-time high reserve of 153075 Million USD in September of 2012 and a record low reserve of 12128 United States Dollar (USD) Million in August of 1971.
 
US Dollar LIBOR Three Month Rate
The 3 month United States Dollar LIBOR interest rate is the average interest rate at which an LIBOR contributor bank can obtain unsecured funding in the London interbank market for a 3 month period in United States dollars.
 
US Dollar LIBOR Three Month Rate was quoted at 0.64 % on Friday, February 26. Interbank Rate in the U.S averaged 3.99 % from 1986 until 2016, reaching an all-time high percentage of 10.63 % in March of 1989 and a record low percentage of 0.22 % in May of 2014.
 
United States Fed Funds Rate
The authority to set interest rates is divided between the FOMC (Federal Open Market Committee) and the Board of Governors of the Federal Reserve (Board). The Federal Open Market Committee decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate. The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks.
 
The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 % to 0.5 % during its Federal Open Market Committee (FOMC) meeting held in January 2016, following last month’s hike. Board policymakers didn’t rule out a March rate increase but said they are monitoring the impacts of global economic and financial developments on United States outlook. Interest Rate in the U.S averaged 5.90 % from 1971 until 2016, reaching an all-time high percentage of 20 % in March of 1980 and a record low percentage of 0.25 % in December of 2008.
 
United States Gold Reserves
Gold Reserves are country’s gold assets held or controlled by the central bank.
 
United States Gold Reserves remained unchanged at 8133.46 Tons in the 3rd quarter of 2015 from 8133.46 Tons in the 2nd quarter of 2015. Gold Reserves in the U.S averaged 8135.60 Tons from 2000 until 2015, reaching an all-time high reserve of 8149.05 Tons in the 3rd quarter of 2001 and a record low reserve of 8133.46 Tons in the 3rd quarter of 2005. Gold Reserves in the U.S is reported by the World Gold Council.
 
United States Exports
The U.S is the world's 3rd biggest exporter, yet exports account only for 13 % of Gross Domestic Product. Main exports are capital goods (39 % of total exports) and industrial supplies (28 %). Others include consumer goods (12 %); automotive vehicles, parts and engines (10.5 %); foods, feeds, and beverages (7 %). Main exports partners are Canada (19 % of total exports), Mexico (14 %), China (7 %), Japan (4 %), Germany (3 %) and the United Kingdom (3 %).
 
Exports in the U.S declined 0.3 % to 181.5 billion USD in December from 182.01 billion USD in the previous month. It is the third consecutive monthly fall. Considering full 2015, sales went down 4.8 %. Exports in the U.S averaged 48843.23 Million USD from 1950 until 2015, reaching an all-time high export of 197759 Million USD in October of 2014 and record low export of 772 Million USD in March of 1950.
 
United States Imports
The U.S is the world's second biggest importer. Main imports are capital goods (29 %) and consumer goods (26 %). Others include Industrial Supplies (24 %), automotive vehicles, parts and engines (15 %), foods, feeds and beverages (5 %). Shipments from China represent 19 % of the total imports followed by Canada (14.5 %), Mexico (12 %), Japan (6 %), and Germany (5 %). 
 
Imports in the U.S edged up 0.3 % to 224854 Million USD in December from 224237 Million USD in November of 2015, rising for the first time in four months. Considering full 2015, purchases went downside 3.1 %. Imports in the U.S averaged 62080.36 Million USD from 1950 until 2015, reaching an all-time high import of 240524 Million USD in December of 2014 and a record low import of 577 Million USD in March of 1950. 
 
United States Balance of Trade
The United States has been running consistent trade deficits since 1976 due to high imports of consumer products and oil. In recent years, the biggest trade deficits were recorded with Mexico, China, Germany, and Japan. The United States records trade surpluses with Hong Kong, United Arab Emirates, Netherlands, and Australia.
 
The United States trade gap widened to 43.4 billion USD in December of 2015 from a downwardly revised 42.2 billion USD in the previous month and roughly in line with expectations. Exports shrank for the 3rd straight month while imports posted the 1st rise in four months. Considering full 2015, the country’s trade deficit widened 4.6 % from 2014 as exports fell more than imports. The balance of Trade in the U.S averaged -13237.15 Million USD from 1950 until 2015, reaching an all-time high balance of 1946 Million USD in June of 1975 and a record low balance of -67823 Million USD in August of 2006. 
 
United States Current Account
Current Account is the sum of the balance of trade ( the difference between exports, imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
 
The current account gap in the United States rose to 124.1 billion USD or 2.7% of GDP in the 3rd quarter of 2015 from an upwardly revised) 111.1 billion USD or 2.5% of GDP in the 2nd quarter. The increase in the deficit was mostly accounted for by a decrease in the surplus on primary income 46.1 billion USD from 52.8 billion USD) and an increase in the deficit on secondary income (-36.6 billion USD from -30.8 billion USD). Current Account in the U.S averaged -45298.48 Million USD from 1960 until 2015, reaching an all-time high balance of 9957 Million USD in the 1st quarter of 1991 and a record low balance of -216063 Million USD in the 3rd quarter of 2006.
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