Source: Bureau of Economic Analysis
The United States’s trade deficit widened by double-digits in September, as exports contracted while imports grew slightly during the month.
- The US international trade in goods and services deficit stood at $80.9 billion in September, up 11.2%.
- The latest reading includes an increase in the goods deficit of $8.9 billion to $98.2 billion, and in the services surplus of $0.8 billion to $17.2 billion.
- This comes as exports for the month fell by 3.0% to $207.6 billion, while imports climbed 0.6% to $288.5 billion.
- Exports of goods fell by $7.1 billion to $142.7 billion, and exports of services jumped $0.6 billion to $64.9 billion.
- Imports of goods increased by $1.9 billion to $240.9 billion, and imports of services fell by $0.2 billion to $47.6 billion.