U.S. International Trade in Goods and Services October 2017

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, advised that the goods and services deficit for October 2017 was $48.7 billion compared  to $44.9 billion, up $3.8 billion. Exports for October were $0.1 billion from September to $195.9 billion, while imports were valued at $244.6 billion, up $3.8 billion  compared to September 2017.

The increase in the  goods and services deficit was traced to an increase in the goods deficit of $3.8 billion to $69.1 billion and a decrease in the services surplus of less than $0.1 billion to $20.3 billion. According to the Bureau, “Year-to-date, the goods and services deficit increased $49.1 billion, or 11.9%, from the same period in 2016. Exports increased $97.5 billion or 5.3%. Imports increased $146.6 billion or 6.5%.”

 

Goods and Services Three-Month Moving Averages

the average goods and services deficit for the three months ended October increase to $46 billion by $1.2 billion. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis noted, “Average exports of goods and services increased $0.8 billion to $195.2 billion in October. Average imports of goods and services increased $2.0 billion to $241.2 billion in October.”

The average goods and services deficit year over year rose $5.1 billion from the quarter ended October 20116. Of this average export of goods and services climbed $8.2 billion from October 2016, while average imports for the corresponding period rose $13.2 billion.

 

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2017-12-06T15:41:30+00:00