Research >> Economics
Goods and Services Deficit Decreased in October 2011
The Nation’s international trade deficit in goods and services decreased to $43.5 billion in October from $44.2 billion (revised) in September, as imports decreased more than exports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total October exports of $179.2 billion and imports of $222.6 billion resulted in a goods and services deficit of $43.5 billion, down from $44.2 billion in September, revised. October exports were $1.5 billion less than September exports of $180.6 billion. October imports were $2.2 billion less than September imports of $224.8 billion.
In October, the goods deficit decreased $0.7 billion from September to $58.8 billion, and the services surplus was virtually unchanged at $15.3 billion. Exports of goods decreased $1.5 billion to $127.8 billion, and imports of goods decreased $2.2 billion to $186.6 billion. Exports of services were virtually unchanged at $51.4 billion, and imports of services increased $0.1 billion to $36.1 billion.
The goods and services deficit increased $4.0 billion from October 2010 to October 2011. Exports were up $19.7 billion, or 12.3 percent, and imports were up $23.7 billion, or 11.9 percent.
Posted: December 9, 2011 Friday 08:30 AM