US Trade Deficit Hits $87.6 Billion in August

Source: US Census Bureau

The United States trade deficit widened to nearly $87 billion in August, as imports grew at a faster pace than exports. DXY is up 0.37%

• The trade deficit climbed by $0.8 billion to $87.6 billion, up from $86.8 billion in July.
• Exports climbed $1.1 billion to $149.0 billion, while imports jumped $1.9 billion to $236.6 billion.
• Wholesale inventories stood at $731.0 billion, up 1.2% from the previous month and 12.3% from the same month last year.
• Retail inventories were recorded at $603.3 billion, up 0.1% from July and 2.3% from a year ago.