Story thread · 2 reports / 2 sources

US advance goods trade balance for August -$132.6 billion vs -$115.00 billion expected

investinglive.com · 3h · first reportShare

Prior was -118.9 billion The US international trade deficit in goods widened to $132.6 billion in August, up $13.7 billion from $118.9 billion in July. The increase was driven primarily by a larger rise in imports than exports. Goods imports climbed $17.4 billion to $336.1 billion, while exports increased $3.7 billion to $203.4 billion. The inventory data showed continued accumulation across both wholesale and retail businesses. Wholesale inventories rose 0.7% from July and were 6.6% higher than a year earlier, while retail inventories increased 0.3% m/m and 4.8% y/y. Both monthly inventory increases were smaller than the previous month's gains, which stood at 1.3% for wholesale inventories and 0.8% for retail inventories. The wider goods trade deficit indicates that imports grew substantially faster than exports in August. In the national accounts, a wider trade deficit can weigh on measured GDP growth because imports are subtracted from overall economic output, although the eventual