Research >> Economics
Goods and Services Deficit Decreased in November 2014
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The Nation’s international trade deficit in goods and services decreased to $39.0 billion in November from $42.2 billion in October (revised), 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 the goods and services deficit was $39.0 billion in November, down $3.2 billion from $42.2 billion in October, revised. November exports were $196.4 billion, $2.0 billion less than October exports. November imports were $235.4 billion, $5.2 billion less than October imports.
The November decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.3 billion to $58.3 billion and a decrease in the services surplus of $0.1 billion to $19.3 billion.
Year-to-date, the goods and services deficit increased $22.3 billion, or 5.1 percent, from the same period in 2013. Exports increased $60.0 billion or 2.9 percent. Imports increased $82.4 billion or 3.3 percent.
Posted: January 7, 2015 Wednesday 08:30 AM