Goods & Services Deficit Widened to $48.7 Billion in October

Washington, DC, December 5, 2017-The goods and services deficit was $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced.

October imports were $244.6 billion, $3.8 billion more than September imports. October exports were $195.9 billion, down less than $0.1 billion from September exports.

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%, from the same period in 2016. Exports increased $97.5 billion or 5.3%. Imports increased $146.6 billion or 6.5%.