US Trade Balance deficit narrowed to $40.8 billion

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Wednesday, Nov 04 2015

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $40.8 billion in September, down $7.2 billion from $48.0 billion in August, revised. Analysts were anticipating deficit of $42.7billion. September exports were $187.9 billion, $3.0 billion more than August exports. September imports were $228.7 billion, $4.2 billion less than August imports.

The September decrease in the goods and services deficit reflected a decrease in the goods deficit of $7.3 billion to $60.3 billion and a decrease in the services surplus of $0.1 billion to $19.5 billion. Year-to-date, the goods and services deficit increased $14.9 billion, or 3.9%, from the same period in 2014. Exports decreased $66.3 billion or 3.8%. Imports decreased $51.3 billion or 2.4%.

After the data USD added few points. Euro is currently being traded few points above 1.0910 level, Sterling is around 1.54 handle, while Aussie is above 0.7170 area. Later today, Janet Yellen testimony is scheduled for a release.

More in this category: « Private sector added 182,000 jobs, ADP reports Non-Manufacturing PMI jumped to 59.1 »

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