U.S. DEFICIT: $45.2 BLN
U.S. BEA - 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 $45.2 billion in November, up $2.9 billion from $42.4 billion in October, revised. November exports were $185.8 billion, $0.4 billion less than October exports. November imports were $231.1 billion, $2.4 billion more than October imports.
The November increase in the goods and services deficit reflected an increase in the goods deficit of $3.4 billion to $66.6 billion and an increase in the services surplus of $0.5 billion to $21.4 billion.
Year-to-date, the goods and services deficit decreased $4.9 billion, or 1.1 percent, from the same period in 2015. Exports decreased $56.6 billion or 2.7 percent. Imports decreased $61.4 billion or 2.4 percent.
The average goods and services deficit increased $1.5 billion to $41.3 billion for the three months ending in November.
- Average exports of goods and services decreased $0.7 billion to $187.3 billion in November.
- Average imports of goods and services increased $0.8 billion to $228.6 billion in November.
Year-over-year, the average goods and services deficit decreased less than $0.1 billion from the three months ending in November 2015.
- Average exports of goods and services increased $1.7 billion from November 2015.
- Average imports of goods and services increased $1.7 billion from November 2015.
Exports of goods decreased $0.7 billion to $122.4 billion in November.
Exports of goods on a Census basis decreased $1.0 billion.
- Capital goods decreased $1.8 billion.
- Civilian aircraft decreased $1.3 billion.
- Industrial supplies and materials increased $1.5 billion.
Net balance of payments adjustments increased $0.3 billion.
Exports of services increased $0.3 billion to $63.5 billion in November.
- Financial services increased $0.2 billion.
- Travel (for all purposes including education) increased $0.1 billion.
Imports of goods increased $2.7 billion to $189.0 billion in November.
Imports of goods on a Census basis increased $2.5 billion.
- Industrial supplies and materials increased $2.2 billion.
- Crude oil increased $0.9 billion.
Net balance of payments adjustments increased $0.2 billion.
Imports of services decreased $0.3 billion to $42.1 billion in November.
- Travel (for all purposes including education) decreased $0.2 billion.
- Transport, which includes freight and port services and passenger fares, decreased $0.1 billion.
The real goods deficit increased $3.3 billion to $63.6 billion in November.
- Real exports of goods decreased $1.1 billion to $119.4 billion.
- Real imports of goods increased $2.1 billion to $182.9 billion.
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