June Trade Deficit at $79.6B, Better Than Forecast
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services.
Here is an excerpt from the latest report:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised.
Today's headline number of -79.6B was better than the -80.1B Investing.com forecast.
Here is a snapshot that gives a better sense of the extreme volatility of this indicator.
We will publish the next Trade Balance report on September 7.