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Canadian Manufacturing Activity Increased in January

January U.S. Exports Increase, Imports Decrease

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $51.1 billion in January, down $8.8 billion from $59.9 billion in December, revised.

January exports were $207.3 billion, $1.9 billion more than December exports. January imports were $258.5 billion, $6.8 billion less than December imports.

The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.2 billion to $73.3 billion and an increase in the services surplus of $0.5 billion to $22.1 billion.

Year-over-year, the goods and services deficit decreased $1.9 billion, or 3.7 percent, from January 2018. Exports increased $6.1 billion or 3.0 percent. Imports increased $4.1 billion or 1.6 percent.

Year-over-year, the average goods and services deficit increased $2.5 billion from the three months ending in January 2018.

Exports of goods increased $1.8 billion to $137.4 billion in January while exports of services increased $0.2 billion to $70 billion.

Imports of goods decreased $6.5 billion to $210.7 billion in January while imports of services decreased $0.3 billion to $47.8 billion.

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