US: Goods and services deficit was $48.7 billion in October, up $3.8 billion from September

"The goods and services deficit was $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised. October exports were $195.9 billion, down less than $0.1 billion from September exports," the U.S. Census Bureau and the U.S. Bureau of Economic Analysis jointly announced on Tuesday.

Key quotes

October imports were $244.6 billion, $3.8 billion more than September imports.

Year-to-date, the goods and services deficit increased $49.1 billion, or 11.9 percent, from the same period in 2016.

Exports increased $97.5 billion or 5.3 percent. Imports increased $146.6 billion or 6.5 percent.