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“The goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August,” the U.S. Census Bureau and the U.S. Bureau of Economic Analysis jointly announced today.

Key highlights from the press release

  • September exports were $212.6 billion, $3.1 billion more than August exports.
  • September imports were $266.6 billion, $3.8 billion more than August imports.
  • The September increase in the goods and services deficit reflected an increase in the goods deficit of $0.6 billion to $77.2 billion and a decrease in the services surplus of $0.1 billion to $23.2 billion.
  • Year-to-date, the goods and services deficit increased $40.7 billion, or 10.1 percent, from the same period in 2017.
  • Exports increased $143.8 billion or 8.2 percent. Imports increased $184.5 billion or 8.6 percent.