Research >> Economics
Goods and Services Deficit Decreased in August 2011
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The Nation’s international trade deficit in goods and services was virtually unchanged at $45.6 billion in August, as exports 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 August exports of $177.6 billion and imports of $223.2 billion resulted in a goods and services deficit of $45.6 billion, virtually unchanged from July, revised. August exports were $0.1 billion less than July exports of $177.7 billion. August imports were $0.1 billion less than July imports of $223.3 billion.
In August, the goods deficit increased $0.1 billion from July to $61.4 billion, and the services surplus increased $0.2 billion to $15.8 billion. Exports of goods decreased $0.1 billion to $126.7 billion, and imports of goods were virtually unchanged at $188.1 billion. Exports of services were virtually unchanged at $50.9 billion, and imports of services decreased $0.2 billion to $35.1 billion.
The goods and services deficit increased $0.1 billion from August 2010 to August 2011. Exports were up $22.7 billion, or 14.7 percent, and imports were up $22.8 billion, or 11.4 percent.
Posted: October 13, 2011 Thursday 08:30 AM