Trade Deficit: record $4.7 billion rally in September

Manufacturing News, Source : The Manufacturer US
Published : 09 Nov 2006 15:46

9 Nov, Washington DC -- Seems we narrowed the trade deficit in September, thanks largely to manufacturers. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total September exports of $123.2 billion and imports of $187.5 billion resulted in a goods and services deficit of $64.3 billion, $4.7 billion less than the $69.0 billion in August, revised.

September exports were $0.6 billion more than August exports of $122.6 billion. September imports were $4.1 billion less than August imports of $191.6 billion.

In September, the goods deficit decreased $4.8 billion from August to $70.1 billion, and the services surplus decreased $0.1 billion to $5.8 billion. Exports of goods increased $0.6 billion to $88.6 billion, and imports of goods decreased $4.2 billion to $158.7 billion. Exports of services were virtually unchanged at $34.5 billion, and imports of services were virtually unchanged at $28.7 billion.

In September, the goods and services deficit was down $0.7 billion from September 2005. Exports were up $16.8 billion, or 15.8 percent, and imports were up $16.2 billion, or 9.4 percent.

The August to September change in exports of goods

reflected increases in industrial supplies and materials ($1.0 billion); capital goods ($0.7 billion); and other goods ($0.3 billion). Decreases occurred in automotive vehicles, parts, and engines ($0.7 billion); consumer goods ($0.4 billion); and foods, feeds, and beverages ($0.3 billion).

The August to September change in imports of goods

reflected decreases in industrial supplies and materials ($3.6 billion); capital goods ($0.6 billion); automotive vehicles, parts, and engines ($0.4 billion); and foods, feeds, and beverages ($0.1 billion). An increase occurred in consumer goods ($0.6 billion). Other goods were virtually unchanged.

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