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Economists at investment firms that analyze the Treasury Department's daily and monthly accounting statements have been predicting a $50 billion surplus for months, with some saying privately that the number could be even higher.
A big trade surplus that month pushed up the 12-month surplus to $71.1 billion.
Archives|ITALY'S ADVERSE BALANCE.; Import Surplus for Two Months 586,000,000 Lire Above 1924.
ITALY'S ADVERSE BALANCE.; Import Surplus for Two Months 586,000,000 Lire Above 1924.
Until then, they face a supply surplus of nine months' worth of unsold homes.
The availability of a surplus, anticipated for months, once seemed to offer the nation the opportunity for a philosophical debate over its direction in a new era of plenty.
The two parties vowed as recently as last year to pay off nearly all the debt within this decade, but the disappearance of the budget surplus in recent months appears to have put that goal out of reach.
But a bigger than expected 43.0% decline in imports brought Japan's trade balance to its first surplus in five months, of 82.4 billion yen ($841.6 million).
Sweden's 12-month surplus fell to $5.1 billion in August.
He added that China would resume trade surpluses in the months ahead.
Portugal and even Greece have been running surpluses in recent months, though this may not last.
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