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The
goods
and services deficit was $41.8 billion in January, down $3.8 billion from
$45.6 billion in December. January exports were $189.4 billion, down $5.6
billion from December. January imports were $231.2 billion, down $9.4 billion
from December.
The
January decrease in the goods and services deficit reflected a decrease in the
goods deficit of $3.4 billion to $61.6 billion and an increase in the services
surplus of $0.5 billion to $19.9 billion.
Year-over-year,
the goods and services deficit increased $2.9 billion, or 7.5%, from January
2014. Exports decreased $3.3 billion or 1.7% while imports decreased $0.4
billion or 0.2%.
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On
a global scale, data compiled by the Netherlands
Bureau for Economic Policy Analysis showed that
world trade volume increased by 1.0% in December (from the prior month) while
prices fell by 2.3%.
The foregoing comments represent the
general economic views and analysis of Delphi
Advisors, and are provided solely for the purpose of information, instruction
and discourse. They do not constitute a solicitation or recommendation
regarding any investment.
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