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[IWS] BEA: U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES October 2014 [5 December 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
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U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES October 2014 [5 December 2014]
[full-text, 55 pages]
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 $43.4 billion in October, down $0.2 billion
from $43.6 billion in September, revised. October exports were $197.5 billion, $2.3 billion more
than September exports. October imports were $241.0 billion, $2.1 billion more than September imports.
The October decrease in the goods and services deficit reflected a decrease in the goods deficit
of less than $0.1 billion to $62.7 billion and an increase in the services surplus of $0.1 billion
to $19.2 billion.
Year-to-date, the goods and services deficit increased $20.5 billion, or 5.1 percent, from the
same period in 2013. Exports increased $57.8 billion or 3.1 percent. Imports increased $78.3 billion
or 3.4 percent.
Goods and Services Three-Month Moving Averages (Exhibit 2)
The average goods and services deficit increased $0.9 billion to $42.4 billion for the three months
ending in October.
* Average exports of goods and services decreased $0.2 billion to $197.2 billion in October.
* Average imports of goods and services increased $0.7 billion to $239.5 billion in October.
Year-over-year, the average goods and services deficit increased $2.1 billion from the three months
ending in October 2013.
* Average exports of goods and services increased $5.6 billion from October 2013.
* Average imports of goods and services increased $7.6 billion from October 2013.
AND MUCH MORE...including TABLES...
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