Friday, December 05, 2014

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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

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES  October 2014 [5 December 2014]

http://www.bea.gov/newsreleases/international/trade/2014/trad1014.htm

or

http://www.bea.gov/newsreleases/international/trade/2014/pdf/trad1014.pdf

[full-text, 55 pages]

and

Highlights

http://www.bea.gov/newsreleases/international/trade/2014/pdf/trad1014_fax.pdf

 

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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