The Census Bureau report on International Trade in Goods and Service for October 2017 shows that the goods and services deficit was $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised.

October exports were $195.9 billion, down less than $0.1 billion from September exports. October imports were $244.6 billion, $3.8 billion more than September imports.

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Average Goods and Services Deficit for 3 Months Ending in October

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  • Average exports of goods and services increased $0.8 billion to $195.2 billion in October.
  • Average imports of goods and services increased $2.0 billion to $241.2 billion in October.

Year-Over-Year Average Goods and Services Deficit for 3 Months vs October 2106

  • Average exports of goods and services increased $8.2 billion from October 2016.
  • Average imports of goods and services increased $13.2 billion from October 2016.

These results have Trump howling once again about foreign unfair trade practices.

Mike "Mish" Shedlock