US Trade Deficit In 2016 Was The Biggest In Four Years

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zerohedge.com / by Tyler Durden / Feb 7, 2017 8:43 AM

In a report that will be closely watched by Donald Trump, the U.S. Bureau of Economic Analysis announced that the US trade deficit in December decreased modestly last December: In the last month of 2016, the US deficit decreased from $45.7 billion in November (revised from $45.2) to $44.3 billion in December, less than the $45 billion expected, as exports increased more than imports.

The goods deficit decreased $1.2 billion in December to $65.7 billion, offset by a services surplus increased $0.3 billion in December to $21.4 billion.

The breakdown: exports of goods and services increased $5.0 billion, or 2.7 percent, in December to $190.7 billion. Exports of goods increased $4.8 billion and exports of services increased $0.2 billion.

  • The increase in exports of goods mostly reflected increases in capital goods ($3.3 billion) and in industrial supplies and materials ($0.7 billion).
  • The increase in exports of services reflected increases in transport ($0.1 billion), which includes freight and port services and passenger fares, and in travel (for all purposes including education) ($0.1 billion).

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Read more ... source: The Bitcoin Channel

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