US: Goods and services deficit was $43.7 bln in March, down $0.1 bln from $43.8 bln in February

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, published its latest International Trade in Goods and Services report, with the key highlights found below:

• The goods and services deficit was $43.7 billion in March, down $0.1 billion from $43.8 billion in February, revised. March exports were $191.0 billion, $1.7 billion less than February exports. March imports were $234.7 billion, $1.7 billion less thanFebruary imports.

• The March decrease in the goods and services deficit reflected an increase in the goods deficit of $0.4 billion to $65.5 billion and an increase in the services surplus of $0.4 billion to $21.8 billion.

• Year-to-date, the goods and services deficit increased $9.4 billion, or 7.5 percent, from the same period in 2016. Exports increased $38.0 billion or 7.1 percent. Imports increased $47.5 billion or 7.1 percent.