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 December, up $6.4 billion from $61.0 billion in November, revised.
The December increase in the goods and services deficit reflected an increase in the goods deficit of $7.4 billion to $90.6 billion and an increase in the services surplus of $1.0 billion to $23.2 billion.
December exports were $250.2 billion, $2.2 billion less than November exports. December imports were $317.6 billion, $4.2 billion more than November imports.
The average goods and services deficit decreased $2.1 billion to $68,6 billion for the three months ending in December. Year-over-year, the average goods and services deficit decreased $6.4 billion from the three months ending in December 2021.
Read the Census/BEA release.
Josh Chilowitz
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