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5 Oct 2017
US: Goods & services deficit was $42.4 bln in Aug, down $1.2 billion from $43.6 billion in July
"The goods and services deficit was $42.4 billion in August, down $1.2 billion from $43.6 billion in July, revised," the U.S. Census Bureau and the U.S. Bureau of Economic Analysis said on Thursday.
Key takeaways:
- August exports were $195.3 billion, $0.8 billion more than July exports.
- August imports were $237.7 billion, $0.4 billion less than July imports.
- The August decrease in the goods and services deficit reflected a decrease in the goods deficit of $0.9 billion to $64.4 billion and an increase in the services surplus of $0.3 billion to $22.0 billion.
- Year-to-date, the goods and services deficit increased $29.1 billion, or 8.8 percent, from the same period in 2016.
- Exports increased $84.9 billion or 5.8 percent.
- Imports increased $114.0 billion or 6.4 percent.