U.S. Services Trade Increased In March. By Jaime Niņo. 18 May, 2001
May 18, 2001
The U.S. services surplus increased $0.1 billion to $6.5 billion in March according to the trade statistics released May 18 by the Bureau of Economic Analysis of the Department of Commerce. The increase in the services surplus resulted from $0.2 billion increase in services exports that were greater than the $0.1 billion increase in services imports. Services exports that totaled $25.4 billion presented increases in the travel and passenger fares categories, while services imports that reached $18.9 billion in March experienced a decrease in other transportation services that was partially offset by slight increases in travel and passenger fares imports. In turn, the goods deficit increased to $37.6 billion as imports resumed its fast growing trend.
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