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Goods and Services Deficit Grows in February

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https://www.mdm.com/news/research/economic-trends/goods-and-services-deficit-grows-in-february/?utm_source=rss&utm_medium=rss&utm_campaign=goods-and-services-deficit-grows-in-february

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis on Wednesday announced that the goods and services deficit was $71.1 billion in February, up $3.3 billion from $67.8 billion in January, revised.

February exports were $187.3 billion, $5 billion less than January exports. February imports were $258.3 billion, $1.7 billion less than January imports.

The February increase in the goods and services deficit reflected an increase in the goods deficit of $2.8 billion to $88 billion and a decrease in the services surplus of $0.5 billion to $16.9 billion.

Year-to-date, the goods and services deficit increased $56.5 billion, or 68.6%, from the same period in 2020. Exports decreased $36.2 billion or 8.7%. Imports increased $20.3 billion or 4.1%.

The post Goods and Services Deficit Grows in February appeared first on Modern Distribution Management.

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