“The goods and services deficit was $50.1 billion in July, up $4.3 billion from $45.7 billion in June, revised,” the U.S. Census Bureau and the U.S. Bureau of Economic Analysis jointly announced on Wednesday.
Key quotes from the press release
- July exports were $211.1 billion, $2.1 billion less than June exports. July imports were $261.2 billion, $2.2 billion more than June imports.
- The July increase in the goods and services deficit reflected an increase in the goods deficit of $4.2 billion to $73.1 billion and a decrease in the services surplus of $0.1 billion to $23.1 billion.
- Year-to-date, the goods and services deficit increased $22.0 billion, or 7.0 percent, from the same period in 2017.
- Exports increased $115.7 billion or 8.6 percent. Imports increased $137.7 billion or 8.3 percent.
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