Description
The U.S. Imports of Goods and Services is jointly released by the Bureau of Economic Analysis (BEA) and the U.S. Census Bureau. It measures the total value of goods and services imported into the United States from around the world during a specific period.
An increase in the total value of imports typically indicates stronger domestic demand, with businesses and consumers requiring more foreign goods and services. This may suggest robust economic growth, but it can also lead to a widening trade deficit. Conversely, a decrease in the import value may indicate weakening domestic demand or disruptions in global supply chains, potentially impacting economic growth.
This data is released monthly, reflecting the import activity of the United States for the previous month.