The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.5 billion in November, down $16.3 billion from $77.8 billion in October, revised.
The November decrease in the goods and services deficit reflected a decrease in the goods deficit of $15.3 billion to $84.1 billion and an increase in the services surplus of $1.0 billion to $22.5 billion.
November exports were $251.9 billion, $5.1 billion less than October exports. November imports were $313.4 billion, $21.5 billion less than October imports.
The average goods and services deficit decreased $1.4 billion to $71.2 billion for the three months ending in November. Year-over-year, the average goods and services deficit decreased $3.7 billion from the three months ending in November 2021.
Read the Census/BEA release.