Research >> Economics
Goods and Services Deficit Increased in September 2018
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August, revised.
Exports, Imports, and Balance
September exports were $212.6 billion, $3.1 billion more than August exports. September imports were $266.6 billion, $3.8 billion more than August imports. The September increase in the goods and services deficit reflected an increase in the goods deficit of $0.6 billion to $77.2 billion and a decrease in the services surplus of $0.1 billion to $23.2 billion.
Year-to-date, the goods and services deficit increased $40.7 billion, or 10.1 percent, from the same period in 2017. Exports increased $143.8 billion or 8.2 percent. Imports increased $184.5 billion or 8.6 percent.
Three-Month Moving Averages
The average goods and services deficit increased $2.8 billion to $52.5 billion for the three months ending in September.
- Average exports decreased $0.2 billion to $211.0 billion in September.
- Average imports increased $2.5 billion to $263.5 billion in September.
Year-over-year, the average goods and services deficit increased $8.2 billion from the three months ending in September 2017.
- Average exports increased $14.7 billion from September 2017.
- Average imports increased $22.9 billion from September 2017.
Posted: November 2, 2018 Friday 08:30 AM