Goods & Services Deficit Narrowed by $1.2 Billion in August

Washington, DC, October 5, 2017-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, through the Department of Commerce, announced today.

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%, from the same period in 2016. Exports increased $84.9 billion or 5.8%. Imports increased $114.0 billion or 6.4%.