Goods and Services Deficit Rises in November

The deficit was $80.2 billion in November, up $13 billion from a revised $67.2 billion in October, according to the latest report.
goods and services deficit November 2021

The goods and services deficit was $80.2 billion in November, up $13 billion from a revised $67.2 billion in October, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

November exports were $224.2 billion, $0.4 billion more than October exports. November imports were $304.4 billion, $13.4 billion more than the previous month.

The increase in the goods and services deficit reflected an increase in the goods deficit of $15.1 billion to $99 billion and an increase in the services surplus of $2.1 billion to $18.8 billion, according to the latest data.

Year-to-date, the goods and services deficit increased $174.6 billion, or 28.6%, from the same period in 2020. Exports increased $354.4 billion or 18.2%. Imports increased $529.0 billion or 20.7%.

Year-over-year, the average goods and services deficit increased $11.7 billion from the three months ending in November 2020.

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