U.S. DEFICIT: $42.6 BLN
BEA wrote, 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 $42.6 billion in October, up $6.4 billion from $36.2 billion in September, revised. October exports were $186.4 billion, $3.4 billion less than September exports. October imports were $229.0 billion, $3.0 billion more than September imports.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $6.3 billion to $63.4 billion and a decrease in the services surplus of $0.1 billion to $20.8 billion.
Year-to-date, the goods and services deficit decreased $8.8 billion, or 2.1 percent, from the same period in 2015. Exports decreased $58.7 billion or 3.1 percent. Imports decreased $67.5 billion or 2.9 percent.
The average goods and services deficit increased $1.0 billion to $39.8 billion for the three months ending in October.
- Average exports of goods and services increased less than $0.1 billion to $188.0 billion in October.
- Average imports of goods and services increased $1.0 billion to $227.8 billion in October.
Year-over-year, the average goods and services deficit decreased $2.6 billion from the three months ending in October 2015.
- Average exports of goods and services increased $1.5 billion from October 2015.
- Average imports of goods and services decreased $1.2 billion from October 2015.
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