U.S. DEFICIT $47.6 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 $47.6 billion in April, up $2.3 billion from $45.3 billion in March, revised. April exports were $191.0 billion, $0.5 billion less than March exports. April imports were $238.6 billion, $1.9 billion more than March imports.
The April increase in the goods and services deficit reflected an increase in the goods deficit of $2.3 billion to $68.4 billion and a decrease in the services surplus of less than $0.1 billion to $20.8 billion.
Year-to-date, the goods and services deficit increased $22.1 billion, or 13.4 percent, from the same period in 2016. Exports increased $44.3 billion or 6.1 percent. Imports increased $66.4 billion or 7.5 percent.
Goods and Services Three-Month Moving Averages
The average goods and services deficit decreased $0.4 billion to $45.9 billion for the three months ending in April.
* Average exports of goods and services decreased $0.2 billion to $191.4 billion in April.
* Average imports of goods and services decreased $0.6 billion to $237.3 billion in April.
Year-over-year, the average goods and services deficit increased $5.6 billion from the three months ending in April 2016.
* Average exports of goods and services increased $10.5 billion from April 2016.
* Average imports of goods and services increased $16.0 billion from April 2016.
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