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2017-09-08 08:40:00

U.S. DEFICIT $43.7 BLN

U.S. DEFICIT $43.7 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 $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.

The July increase in the goods and services deficit reflected a decrease in the goods deficit of less than $0.1 billion to $65.3 billion and a decrease in the services surplus of $0.2 billion to $21.6 billion.

Year-to-date, the goods and services deficit increased $27.9 billion, or 9.6 percent, from the same period in 2016. Exports increased $76.8 billion or 6.0 percent. Imports increased $104.8 billion or 6.7 percent.

The average goods and services deficit decreased $1.2 billion to $44.5 billion for the three months ending in July.

  • Average exports of goods and services increased $0.9 billion to $193.9 billion in July.
  • Average imports of goods and services decreased $0.3 billion to $238.4 billion in July.

Year-over-year, the average goods and services deficit increased $2.3 billion from the three months ending in July 2016.

  • Average exports of goods and services increased $10.1 billion from July 2016.
  • Average imports of goods and services increased $12.4 billion from July 2016.

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Tags: U.S., ECONOMY, TRADE, FINANCE