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This Article is From Oct 08, 2016

U.S. Takes Olympic Gold With Record Imports of Services: Chart

U.S. Takes Olympic Gold With Record Imports of Services: Chart

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(Bloomberg) -- The Summer Olympics in Rio de Janeiro delivered more than just medals for America; they left a mark on U.S. trade data. Services imports climbed in August as charges for the use of intellectual property jumped to a record $4.5 billion, Commerce Department data showed Wednesday. The temporary boost from rights fees to broadcast the event is typical of months when the summer or winter games are held. The overall trade gap widened to $40.7 billion.

To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net. To contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Sophie Caronello, Vince Golle

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