“The goods and services deficit was $55.5 billion in October, up $0.9 billion from $54.6 billion in September, revised,” the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced on Thursday.
Key takeaways from the press release
- October exports were $211.0 billion, $0.3 billion less than September exports.
- October imports were $266.5 billion, $0.6 billion more than September imports.
- The October increase in the goods and services deficit reflected an increase in the goods deficit of $0.9 billion to $78.1 billion and a decrease in the services surplus of $0.1 billion to $22.6 billion.
- Year-to-date, the goods and services deficit increased $51.3 billion, or 11.4 percent, from the same period in 2017.
- Exports increased $149.3 billion or 7.7 percent. Imports increased $200.6 billion or 8.4 percent.
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