U.S. DEFICIT UP TO $44.5 BLN
According to U.S. Department of Commerce, the goods and services deficit was $44.5 billion in June, up $3.6 billion from $41.0 billion in May, revised. June exports were $183.2 billion, $0.6 billion more than May exports. June imports were $227.7 billion, $4.2 billion more than May imports.
The June increase in the goods and services deficit reflected an increase in the goods deficit of $3.8 billion to $66.0 billion and an increase in the services surplus of $0.3 billion to $21.5 billion.
Year-to-date, the goods and services deficit decreased $5.8 billion, or 2.3 percent, from the same period in 2015. Exports decreased $54.2 billion or 4.7 percent. Imports decreased $60.0 billion or 4.3 percent.
The average goods and services deficit increased $3.0 billion to $40.9 billion for the three months ending in June.
- Average exports of goods and services increased $1.0 billion to $182.8 billion in June.
- Average imports of goods and services increased $4.0 billion to $223.7 billion in June.
Year-over-year, the average goods and services deficit decreased $0.4 billion from the three months ending in June 2015.
- Average exports of goods and services decreased $8.0 billion from June 2015.
- Average imports of goods and services decreased $8.4 billion from June 2015.
Exports of goods increased $0.5 billion to $120.4 billion in June.
Exports of goods on a Census basis increased $0.7 billion.
- Foods, feeds, and beverages increased $0.6 billion.
- Consumer goods increased $0.4 billion.
- Capital goods increased $0.3 billion.
Net balance of payments adjustments decreased $0.2 billion.
Exports of services increased $0.1 billion to $62.8 billion in June.
- Financial services and maintenance and repair services each increased $0.1 billion.
- Travel (for all purposes including education) decreased $0.1 billion.
Imports of goods increased $4.4 billion to $186.4 billion in June.
Imports of goods on a Census basis increased $4.2 billion.
- Industrial supplies and materials increased $2.3 billion.
- Crude oil increased $1.4 billion.
- Consumer goods increased $1.9 billion.
- Capital goods increased $1.0 billion.
Net balance of payments adjustments increased $0.1 billion.
Imports of services decreased $0.2 billion to $41.2 billion in June.
- Travel (for all purposes including education) decreased $0.1 billion.
- Transport, which includes freight and port services and passenger fares, decreased $0.1 billion.
The real goods deficit increased $3.8 billion to $64.7 billion in June.
- Real exports of goods decreased $0.6 billion to $117.1 billion.
- Real imports of goods increased $3.2 billion to $181.8 billion.
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