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Construction Spending Down in December

December U.S. Exports Decrease, Imports Increase

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $59.8 billion in December, up $9.5 billion from $50.3 billion in November, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. 

December exports were $205.1 billion, $3.9 billion less than November exports. December imports were $264.9 billion, $5.5 billion more than November imports.

The December increase in the goods and services deficit reflected an increase in the goods deficit of $9.0 billion to $81.5 billion and a decrease in the services surplus of $0.5 billion to $21.8 billion.

For 2018, the goods and services deficit increased $68.8 billion, or 12.5%, from 2017. Exports increased $148.9 billion or 6.3%. Imports increased $217.7 billion or 7.5%.

Exports of goods decreased $3.9 billion to $135.6 billion in December while exports of services decreased less than $0.1 billion to $69.5 billion.

Imports of goods increased $5.1 billion to $217.2 billion in December while imports of services increased $0.5 billion to $47.7 billion.

The real goods deficit increased $10 billion to $91.6 billion in December.

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