The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in August, down $3.1 billion from $70.5 billion in July, revised.
The headline number of -67.4B was better than the -67.70B Investing.com forecast.
Here is a snapshot that gives a better sense of the extreme volatility of this indicator.
Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.
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