The 2020 Mid-Year Economic Update_long

Goods and Services Deficit Down in September

Year-to-date, the goods and services deficit increased $38.5 billion, or 8.6%, from the same period in 2019.
goods and services deficit September 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced Wednesday that the goods and services deficit was $63.9 billion in September, down $3.2 billion from $67 billion in August, revised.

September exports were $176.4 billion, $4.4 billion more than August exports. September imports were $240.2 billion, $1.2 billion more than August imports.

The September decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.1 billion to $80.7 billion and an increase in the services surplus of less than $0.1 billion to $16.8 billion.

Year-to-date, the goods and services deficit increased $38.5 billion, or 8.6%, from the same period in 2019. Exports decreased $329 billion or 17.4%. Imports decreased $290.4 billion or 12.4%.

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