U.S. DEFICIT UP TO $48.7 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 $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised. October exports were $195.9 billion, down less than $0.1 billion from September exports. October imports were $244.6 billion, $3.8 billion more than September imports. 

The October increase in the goods and services deficit reflected an increase in the goods deficit of $3.8 billion to $69.1 billion and a decrease in the services surplus of less than $0.1 billion to $20.3 billion.

Year-to-date, the goods and services deficit increased $49.1 billion, or 11.9 percent, from the same period in 2016. Exports increased $97.5 billion or 5.3 percent. Imports increased $146.6 billion or 6.5 percent.

The average goods and services deficit increased $1.2 billion to $46.0 billion for the three months ending in October.

• Average exports of goods and services increased $0.8 billion to $195.2 billion in October.
• Average imports of goods and services increased $2.0 billion to $241.2 billion in October.

Year-over-year, the average goods and services deficit increased $5.1 billion from the three months ending in October 2016.

• Average exports of goods and services increased $8.2 billion from October 2016.
• Average imports of goods and services increased $13.2 billion from October 2016.

Exports of goods decreased $0.3 billion to $130.3 billion in October.

Exports of goods on a Census basis decreased $0.5 billion.

• Foods, feeds, and beverages decreased $1.3 billion.
• Soybeans decreased $1.4 billion.
• Capital goods decreased $1.2 billion.
• Civilian aircraft decreased $1.1 billion.
• Industrial supplies and materials increased $2.6 billion.

Net balance of payments adjustments increased $0.2 billion.

Exports of services increased $0.3 billion to $65.6 billion in October.

• Financial services increased $0.1 billion.
• Other business services, which includes research and development services; professional and management services;
• and technical, trade-related, and other services, increased $0.1 billion.

Imports of goods increased $3.5 billion to $199.4 billion in October.

Imports of goods on a Census basis increased $3.5 billion.

• Industrial supplies and materials increased $1.8 billion.
• Crude oil increased $1.5 billion.
• Other goods increased $1.1 billion.
• Consumer goods increased $0.8 billion.
• Cell phones and other household goods increased $0.3 billion.

Net balance of payments adjustments decreased less than $0.1 billion.

Imports of services increased $0.3 billion to $45.2 billion in October.

• Transport increased $0.3 billion.

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Earlier:

2017, December, 1, 12:30:00 U.S. GDP UP 3.3% BEA - Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the third quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.

2017, November, 20, 09:10:00 U.S. PETROLEUM DEMAND UP TO 19.9 MBD API - Total petroleum deliveries in October moved up by 1.1 percent from October 2016 to average 19.9 million barrels per day. These were the highest October deliveries in 10 years, since 2007. Compared with September, total domestic petroleum deliveries, a measure of U.S. petroleum demand, decreased 1.8 percent. For year-to-date, total domestic petroleum deliveries moved up 1.2 percent compared to the same period last year.

2017, November, 7, 12:20:00 U.S. DEFICIT $43.5 BLN 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 $43.5 billion in September, up $0.7 billion from $42.8 billion in August, revised. September exports were $196.8 billion, $2.1 billion more than August exports. September imports were $240.3 billion, $2.8 billion more than August imports.

2017, October, 23, 11:20:00 U.S. DEFICIT - 2017: $666 BLN U.S. Treasury Secretary Steven T. Mnuchin and Office of Management and Budget (OMB) Director Mick Mulvaney today released details of the fiscal year (FY) 2017 final budget results. The deficit in FY 2017 was $666 billion, $80 billion more than in the prior fiscal year, but $36 billion less than forecast in the FY 2018 Mid-Session Review (MSR). As a percentage of Gross Domestic Product (GDP), the deficit was 3.5 percent, 0.3 percentage point higher than the previous year.

2017, October, 20, 12:25:00 U.S. FOREIGN ACQUISITIONS UP $125 BLN The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $125.0 billion. Of this, net foreign private inflows were $131.5 billion, and net foreign official outflows were $6.5 billion.

2017, October, 18, 18:45:00 U.S. INDUSTRIAL PRODUCTION UP 0.3% FRB - Industrial production rose 0.3 percent in September. The rates of change for July and August were notably revised; the current estimate for July, a decrease of 0.1 percent, was 0.5 percentage point lower than previously reported, while the estimate for August, a decrease of 0.7 percent, was 0.2 percentage point higher than before.

2017, October, 16, 11:55:00 U.S. ECONOMY UP Economic activity in the United States has been growing moderately so far this year, and the labor market has continued to strengthen. The terrible hurricanes that hit Texas, Florida, Puerto Rico, and our neighbors in the Caribbean caused tremendous damage and upended many lives, and our hearts go out to those affected. While the effects of the hurricanes on the U.S. economy are quite noticeable in the short term, history suggests that the longer-term effects will be modest and that aggregate economic activity will recover quickly.