U.S. DEFICIT $50.5 BLN
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 $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised. November exports were $200.2 billion, $4.4 billion more than October exports. November imports were $250.7 billion, $6.0 billion more than October imports.
The November increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $70.9 billion and an increase in the services surplus of $0.1 billion to $20.4 billion.
Year-to-date, the goods and services deficit increased $53.4 billion, or 11.6 percent, from the same period in 2016. Exports increased $112.7 billion or 5.6 percent. Imports increased $166.1 billion or 6.7 percent.
The average goods and services deficit increased $2.1 billion to $48.1 billion for the three months ending in November.
* Average exports of goods and services increased $2.2 billion to $197.3 billion in November.
* Average imports of goods and services increased $4.2 billion to $245.4 billion in November.
Year-over-year, the average goods and services deficit increased $5.5 billion from the three months ending in November 2016.
* Average exports of goods and services increased $11.1 billion from November 2016.
* Average imports of goods and services increased $16.6 billion from November 2016.
Exports of goods increased $4.4 billion to $134.6 billion in November.
Exports of goods on a Census basis increased $4.3 billion.
* Capital goods increased $2.5 billion.
o Civilian aircraft increased $1.2 billion.
* Automotive vehicles, parts, and engines increased $1.0 billion.
o Passenger cars increased $0.6 billion.
* Consumer goods increased $0.7 billion.
Net balance of payments adjustments increased $0.1 billion.
Exports of services increased $0.1 billion to $65.7 billion in November.
* Other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $0.1 billion.
* Financial services increased $0.1 billion.
* Maintenance and repair services decreased $0.1 billion.
Imports of goods increased $6.0 billion to $205.5 billion in November.
Imports of goods on a Census basis increased $6.0 billion.
* Consumer goods increased $2.4 billion.
o Cell phones and other household goods increased $1.1 billion.
* Industrial supplies and materials increased $2.2 billion.
o Crude oil increased $1.1 billion.
* Capital goods increased $1.6 billion.
o Semiconductors increased $0.8 billion.
Net balance of payments adjustments increased less than $0.1 billion.
Imports of services decreased less than $0.1 billion to $45.3 billion in November.
* Transport decreased $0.2 billion.
* Travel (for all purposes including education) increased $0.1 billion.
* Charges for the use of intellectual property increased $0.1 billion.
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