Research >> Economics
Goods and Services Deficit increased in September 2023
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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.5 billion in September, up $2.9 billion from $58.7 billion in August, revised.
Exports, Imports, and Balance
September exports were $261.1 billion, $5.7 billion more than August exports. September imports were $322.7 billion, $8.6 billion more than August imports.
The September increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $86.3 billion and a decrease in the services surplus of $1.2 billion to $24.8 billion.
Year-to-date, the goods and services deficit decreased $147.4 billion, or 20.0 percent, from the same period in 2022. Exports increased $22.7 billion or 1.0 percent. Imports decreased $124.8 billion or 4.2 percent.
Three-Month Moving Averages
The average goods and services deficit decreased $0.7 billion to $61.6 billion for the three months ending in September.
• Average exports increased $4.5 billion to $256.1 billion in September.
• Average imports increased $3.7 billion to $317.8 billion in September.
Year-over-year, the average goods and services deficit decreased $8.6 billion from the three months ending in September 2022.
• Average exports decreased $4.6 billion from September 2022.
• Average imports decreased $13.2 billion from September 2022.
Posted: November 7, 2023 Tuesday 08:30 AM