Goods & Services Deficit Expanded in August

Washington, DC, October 5, 2018-The goods and services deficit was $53.2 billion in August, up $3.2 billion from $50.0 billion in July, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

August exports were $209.4 billion, $1.7 billion less than July exports. August imports were $262.7 billion, $1.5 billion more than July imports.

The August increase in the goods and services deficit reflected an increase in the goods deficit of $3.6 billion to $76.7 billion and an increase in the services surplus of $0.4 billion to $23.5 billion.

Year-to-date, the goods and services deficit increased $31.0 billion, or 8.6%, from the same period in 2017. Exports increased $129.6 billion or 8.4 percent. Imports increased $160.6 billion or 8.4%.