Research >> Economics
Goods and Services Deficit Decreased in September 2011
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The Nation’s international trade deficit in goods and services decreased to $43.1 billion in September from $44.9 billion (revised) in August, as exports increased more than imports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total September exports of $180.4 billion and imports of $223.5 billion resulted in a goods and services deficit of $43.1 billion, down from $44.9 billion in August, revised. September exports were $2.5 billion more than August exports of $177.9 billion. September imports were $0.7 billion more than August imports of $222.8 billion.
In September, the goods deficit decreased $2.0 billion from August to $58.9 billion, and the services surplus decreased $0.2 billion to $15.8 billion. Exports of goods increased $2.6 billion to $129.3 billion, and imports of goods increased $0.6 billion to $188.2 billion. Exports of services decreased $0.1 billion to $51.1 billion, and imports of services increased $0.1 billion to $35.3 billion.
The goods and services deficit decreased $0.9 billion from September 2010 to September 2011. Exports were up $24.7 billion, or 15.9 percent, and imports were up $23.8 billion, or 11.9 percent.
Posted: November 10, 2011 Thursday 08:30 AM