October 10, 2003
Goods and Services Deficit Decreases in August 2003
The Nation's international deficit in goods and services decreased to $39.2 billion in August, from $40.0 billion (revised) in July, as imports decreased more than exports.
Goods and Services
- Good and Services ... Item 1 ->Exports decreased to $83.7 billion in August from $86.0 billion in July. Goods were $57.8 billion in August, down from $60.4 billion in July, and services were $25.9 billion in August, up from $25.7 billion in July.
- <!- Good and Services ... Item 2 ->Imports decreased to $122.9 billion in August from $126.0 billion in July. Goods were $102.2 billion in August, down from $105.4 billion in July, and services were $20.7 billion in August, virtually the same as in July.
- For goods, the deficit was $44.5 billion in August, down from $45.0 billion in July. For services, the surplus was $5.3 billion in August, up $0.3 billion from July.
A slight increase in goods exports and a slight decrease in imports is just a drop in the bucket.
Tell it to the hourly workers, auto workers, IT workers, progammmers, textile workers, and a host of others who are losing jobs to overseas workforces.
The economy and jobs are just as big of bombs for Dubya in 2004 as they were for his dad in 1991.