Goods and Services Deficit Grows in June - Modern Distribution Management

Goods and Services Deficit Grows in June

Year-over-year, the goods and services deficit increased $4.8 billion, or 6.7%, from May.
Inflation PCE index february 2022 BEA

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis on Thursday announced that the goods and services deficit was $75.7 billion in June, up $4.8 billion, or 6.7%, from $71 billion in May, revised.

June exports were $207.7 billion, $1.2 billion more than May exports. June imports were $283.4 billion, $6 billion more than May imports.

The June increase in the goods and services deficit reflected an increase in the goods deficit of $4 billion to $93.2 billion and a decrease in the services surplus of $0.7 billion to $17.4 billion.

Year-to-date, the goods and services deficit increased $135.8 billion, or 46.4%, from the same period in 2020. Exports increased $150.9 billion or 14.3%. Imports increased $286.7 billion or 21.3%.

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