Research >> Economics
Goods and Services Deficit Increased in October 2018
The nation's international trade deficit in goods and services increased to $55.5 billion in October from $54.6 billion in September (revised), as exports decreased and imports increased. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.5 billion in October, up $0.9 billion from $54.6 billion in September, revised.
Exports, Imports, and Balance
October exports were $211.0 billion, $0.3 billion less than September exports. October imports were $266.5 billion, $0.6 billion more than September imports. The October increase in the goods and services deficit reflected an increase in the goods deficit of $0.9
billion to $78.1 billion and a decrease in the services surplus of $0.1 billion to $22.6 billion. Year‐to‐date, the goods and services deficit increased $51.3 billion, or 11.4 percent, from the same period in 2017. Exports increased $149.3 billion or 7.7 percent. Imports increased $200.6 billion or 8.4 percent.
Three‐Month Moving Averages
The average goods and services deficit increased $1.7 billion to $54.6 billion for the three months ending in October.
- Average exports increased $0.4 billion to $210.2 billion in October.
- Average imports increased $2.1 billion to $264.8 billion in October.
Year‐over‐year, the average goods and services deficit increased $9.4 billion from the three months ending in October 2017.
- Average exports increased $12.7 billion from October 2017.
- Average imports increased $22.1 billion from October 2017.
Posted: December 6, 2018 Thursday 08:30 AM