Asset Based Loan

BEA reports September Goods deficit decreases $1.4 Billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, reported that total September exports of $187.0 billion and imports of $228.5 billion produced a goods and services deficit of $41 billion, a decrease from $43.8 billion in August, revised.  September exports were $5.6 billion greater than August exports of $181.4 billion. September imports were $3.4 billion greater than August imports of $225.2 billion.

In September, the goods deficit was down $1.4 billion from August to $57.5 billion, additionally, the services surplus increased $0.8 billion from August to $15.9 billion.  Exports of goods was down $5.4 billion to $134.0 billion, and imports of goods went up $3.9 billion to $191.5 billion. Exports of services rose $0.3 billion to $53.0 billion, while imports of services declined $0.6 billion to $37.1 billion.

The goods and services deficit declined $2.9 billion from September 2011 to September 2012. Exports rose $6.4 billion, or 3.5%, while imports rose $3.4 billion, or 1.5%.

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