Home | News & Opinion | Trade gap narrows in August

Trade gap narrows in August

By
Font size: Decrease font Enlarge font
Trade gap narrows in August

Trade deficit lowest in seven months.

The Department of Commerce announced today that the nation’s international trade deficit in goods and services decreased to $40.1 billion in August from a revised $40.3 billion in July, the lowest deficit in seven months.

Analysts had expected a deficit of $42.2 billion.

Exports increased to $198.5 billion in August from $198.0 billion in July. Exports of goods were $138.8 billion in August, up from $138.7 billion in June. Exports of services were $59.6 billion in August, up from $59.2 billion in July.

Imports increased to $238.6 billion in August from $238.2 billion in July. Imports of goods were $198.7 billion in August, up from $198.6 billion in July. Imports of services increased to $39.9 billion, compared to $39.8 in July.

For the full report, click here.

Share this:

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha