Research >> Economics
Goods and Services Deficit Increased in August 2019
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The nation's international trade deficit in goods and services increased to $54.9 billion in August from $54.0 billion in July (revised), as imports increased more than exports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.9 billion in August, up $0.9 billion from $54.0 billion in July, revised.
August exports were $207.9 billion, $0.5 billion more than July exports. August imports were $262.8 billion, $1.3 billion more than July imports. The August increase in the goods and services deficit reflected an increase in the goods deficit of $0.8 billion to $74.4 billion and a decrease in the services surplus of less than $0.1 billion to $19.5 billion. Year‐to‐date, the goods and services deficit increased $28.3 billion, or 7.1 percent, from the same period in 2018. Exports decreased $3.2 billion or 0.2 percent. Imports increased $25.1 billion or 1.2 percent.
Three‐Month Moving Averages
The average goods and services deficit decreased $0.3 billion to $54.8 billion for the three months ending in August.
- Average exports decreased $0.8 billion to $207.2 billion in August.
- Average imports decreased $1.1 billion to $262.0 billion in August.
Year‐over‐year, the average goods and services deficit increased $3.2 billion from the three months ending in August 2018.
- Average exports decreased $2.0 billion from August 2018.
- Average imports increased $1.2 billion from August 2018.
Posted: October 4, 2019 Friday 08:30 AM