January 07, 2020
Goods and Services Trade Deficit
The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October.”
November exports ($208.6 billion), were more than October exports by $1.4 billion, whereas, November imports amounted to $251.7 billion which was $2.5 billion less than October imports.
For the period under review compared with that of 2018, there was a 0.7% or $3.9 billion decrease in the goods and services deficit. Moreover, exports fell $0.1 billion or less than 0.1%. Imports also fell $3.9 billion or 0.1%.
Three-Month Moving Averages
For the three months ended in November, the average goods and services deficit fell $3.5 billion to $47.0 billion. This was due to a $0.2 billion decline in average exports $207.8 billion in November and a $3.7 billion decrease in average imports to $254.9 billion in November.
In relation to export of goods, these consists of capital goods, consumer goods , automotive vehicles parts, and engines which all increased by $0.6 billion, $0.5 billion and $0.4 billion, respectively. While, Other goods decreased by $0.5 billion. Additionally, export of services rose by $0.4 billion.
As for imports of goods; capital goods, consumer goods, other goods and industrial supplies and materials, all fell $1.2 billion, $1.0 billion, $0.8 billion and $0.6 billion repectively, whereas, automotive vehicles, parts, and engines climbed $1.1 billion. However, imports of services increased by $0.4 billion.
The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
