Source: Bureau of Economic Analysis
The US posted a less than $0.1 billion decline in international goods and services deficit in February 2022, with the balances little changed at -$89.2 billion. SPY is down -0.35%, DXY is up +0.17%.
- Total exports and imports both improved by a monthly $4.1 billion to $228.6 billion and $317.8 billion, respectively, in February.
- Goods deficit declined by $1.1 billion to $107.5 billion. Services surplus fell by $1.1 billion to $18.3 billion.
- The goods and services deficit increased by 34.5% or $45.7 billion year-to-date, compared to the prior year. Exports rose by 17.6% or $68.0 billion, while imports surged by 22.0% or $113.7 billion.
- On a three-month average, the goods and services deficit rose by $3.0 billion to hit $86.8 billion. On a year-over-year basis, the deficit widened by $20.6 billion for the three months ending February 2022.