Research >> Economics
Goods and Services Deficit Decreased in September 2010
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The Nation’s international trade deficit in goods and services decreased to $44.0 billion in September from $46.5 billion (revised) in August, as exports increased and imports decreased.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total September exports of $154.1 billion and imports of $198.1 billion resulted in a goods and services deficit of $44.0 billion, down from $46.5 billion in August, revised. September exports were $0.5 billion more than August exports of $153.6 billion. September imports were $2.0 billion less than August imports of $200.1 billion.
In September, the goods deficit decreased $2.2 billion from August to $56.9 billion, and the services surplus increased $0.2 billion to $12.9 billion. Exports of goods were virtually unchanged at $107.6 billion, and imports of goods decreased $2.2 billion to $164.4 billion. Exports of services increased $0.5 billion to $46.5 billion, and imports of services increased $0.3 billion to $33.7 billion.
The goods and services deficit increased $8.8 billion from September 2009 to September 2010. Exports were up $19.9 billion, or 14.8 percent, and imports were up $28.8 billion, or 17.0 percent.
Posted: November 10, 2010 Wednesday 08:30 AM