The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.2 billion in October, up $4.0 billion from $74.1 billion in September, revised.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $6.1 billion to $99.6 billion and an increase in the services surplus of $2.1 billion to $21.4 billion.
October exports were $256.6 billion, $1.9 billion less than September exports. October imports were $334.8 billion, $2.2 billion more than September imports.
The average goods and services deficit increased $2.5 billion to $72.7 billion for the three months ending in October. Year-over-year, the average goods and services deficit increased less than $0.1 billion from the three months ending in October 2021.
Read the Census/BEA release.