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Asset Based Loan

Goods and Services Deficit Up

According to the February 10, 2012 report by the Bureau of Economic Analysis,  through the Department of Commerce, “total December Exports of $178.8 Billion and imports of $227.6 Billion resulted in a goods and services deficit of $48.8 billion, up from $47.1 billion in November, revised.

December exports were $1.2 billion more than November exports of $177.5 billion.   December imports were $3.0 billion more than November imports of $224.6 billion.

In December, the goods deficit increased $1.8 Billion from November to $64.3 billion, and the services surplus was virtually unchanged from November at $15.5 billion.  Exports of goods increased $.9 billion to $127.1 billion, and imports of goods increased $2.7 billion to $191.4 billion.   Exports of services increased $.3 billion to $51.7 billion, and imports of services increased $.3 billion to $36.2 billion.