LONGVIEW – The June 2013 international trade deficit decreased 22.4 percent from May, to $34.2 billion. Exports increased 2.2 percent, to $191.2 billion, and imports fell 2.5 percent, to $225.4 billion.
U.S. Trade Balance is a monthly report, with revisions, based on data co-released by the Census Bureau and Bureau of Economic Analysis of the difference between the dollar value of exports and imports. Foreign trade is an important component of aggregate economic activity, representing a significant portion of gross domestic product. Decision makers rely upon economic indicators every day to put business and investment decisions into a global context.
Chris Bryant, MBA, RFC® is the founder & CEO of Bryant Wealth Management, Inc. He wrote the book, Personal Financial Planning, speaks to a wide-range of audiences, and provides financial planning services for individuals and small businesses. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.