05 January 2018

BEA News: U.S. International Trade in Goods and Services, November 2017

Sorry, folks, anyone else having a problem trying to figure out what these numbers are all about?
Huh?
FOR IMMEDIATE RELEASE AT 8:30 A.M. EST, Friday, January 5, 2018
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
BEA News: U.S. International Trade in Goods and Services, November 2017
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 $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised. November exports were $200.2 billion, $4.4 billion more than October exports. November imports were $250.7 billion, $6.0 billion more than October imports. 
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm
See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.
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 $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised.
November exports were $200.2 billion, $4.4 billion more than October exports.
November imports were $250.7 billion, $6.0 billion more than October imports.
The November increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $70.9 billion and an increase in the services surplus of $0.1 billion to $20.4 billion. Year-to-date, the goods and services deficit increased $53.4 billion, or 11.6 percent, from the same period in 2016.
Exports increased $112.7 billion or 5.6 percent.
Imports increased $166.1 billion or 6.7 percent.
Goods and Services Three-Month Moving Averages (Exhibit 2)
The average goods and services deficit increased $2.1 billion to $48.1 billion for the three months ending in November. * Average exports of goods and services increased $2.2 billion to $197.3 billion in November. * Average imports of goods and services increased $4.2 billion to $245.4 billion in November.
Year-over-year, the average goods and services deficit increased $5.5 billion from the three months ending in November 2016.     
READ MORE? > hit the link above

No comments: