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Ed Meek
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Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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U.S. Trade Deficit Narrowed in September

Planes, cars and heavy machinery drive exports to record high

| BY Donald Liebenson


The U.S. trade deficit dropped in September from $44.9 billion in August to $43.1, the Commerce Department reported. September exports, at $180.4 billion, were $2.5 billion more than in August, while imports were $0.7 billion more than the previous month.

The goods deficit decreased in September $2 billion from August to $58.9 billion, while the services surplus decreased $0.2 billion to $15.8 billion. Exports of goods increased $2.6 billion to $129.3 billion, and imports of goods increased $0.6 billion to $188.2 billion. Exports of services decreased $0.1 billion to $51.1 billion, and imports of services increased $0.1 billion to $35.3 billion.

The September-to-September goods and services deficit decreased $0.9 billion. Exports were up almost 16 percent to $24.7 billion, and imports increased nearly 12 percent to $23.8 billion.

The August to September increase in good exports was led by industrial supplies and materials ($1.4 billion), consumer goods ($0.8 billion), automotive vehicles, parts and engins ($0.2 billion) and capital goods ($0.1 billion). Foods, feeds and beverages were virtually unchanged.

The increase in imports of goods in this period reflected increases in industrial supplies and materials ($0.9 billion, automotive vehiclkes, parts and engines ($0.5 billion) and foods, feeds and beverages ($0.2 billion).

Year-to-year figures for September saw an increase in the exports of industrial supplies and materials ($11.8 billion), capital goods ($3.9 billion), automotive vehicles, parts and engines ($1.8 billion), consumer goods ($1.5 billion) and foods, feeds and beverages ($0.9 billion).

Imports of oil edged up 0.3 percent to $36.4 billion. The average price for a barrel of oil dropped to $101.02 in September, the fourth consecutive monthly decline, but still above a year ago when a barrel of crude averaged $72.33.

Chinese imports fell from $37.4 billion in August to $36.4 billion, narrowing the trade deficit with that country to $28.1 billion. This is the third highest deficit recorded, and it is on track to set a record as the highest trade imbalance the U.S. has ever recorded with a single country, the Associated Press reports.

Other deficits were recorded with Japan ($5.2 billion), Mexico ($5 billion), Germany ($4.3 billion), and Canada ($3.5 billion). The September figures show trade surpluses with Hong Kong ($4.3 billion), Australia ($1.4 billion), Singapore ($1.3 billion) and Egypt ($0.1 billion).

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.