Goods and services deficit down last month
WASHINGTON - Despite an overall annual growth, the U.S. goods and services deficit was down $2.7 billion in June, government agencies reported Friday.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced Friday that the goods and services deficit was $43.6 billion in June, down $2.7 billion from $46.4 billion in May, revised.
June exports were $194.4 billion, $2.4 billion more than May exports. June imports were $238.0 billion, $0.4 billion less than May imports.
The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.1 billion to $65.2 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.
Year-to-date, the goods and services deficit increased $26.7 billion, or 10.7 percent, from the same period in 2016. Exports increased $64.9 billion or 6.0 percent. Imports increased $91.7 billion or 6.9 percent.
NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in Exhibits 1-20b of this release. For information on data sources, definitions, revision procedures, and scheduled release dates through December 2017, see the information section on page A-1 of this release. The next release is September 6, 2017.