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Goods and Services Deficit Increased in April 2016
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The Nation's international trade deficit in goods and services increased to $37.4 billion in April from $35.5 billion in March (revised), as imports increased 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 $37.4 billion in April, up $1.9 billion from $35.5 billion in March, revised. April exports were $182.8 billion, $2.6 billion more than March exports. April imports were $220.2 billion, $4.5 billion more than March imports.
The April increase in the goods and services deficit reflected an increase in the goods deficit of $1.4 billion to $58.8 billion and a decrease in the services surplus of $0.5 billion to $21.4 billion.
Year-to-date, the goods and services deficit decreased $8.1 billion, or 4.8 percent, from the same period in 2015. Exports decreased $39.0 billion or 5.1 percent. Imports decreased $47.1 billion or 5.1 percent.
Posted: June 3, 2016 Friday 08:30 AM