Trade Deficit Jumps Over $80 Billion

The trade deficit jumped 11% to $80.9 billion dollars in September, according to the Bureau of Economic Analysis…(BEA)

• EXPORTS of goods and services fell 3.0% in September to $207.6 billion.

• IMPORTS of goods and services increased 0.6% in September to $288.5 billion.

The increase in imports was the result of an increase in capital goods ($2.5 billion) and in industrial supplies and materials ($1.0 billion). The decrease in exports of goods was the result of a decrease in industrial supplies and materials ($5.7 billion) and in capital goods ($1.6 billion).