The US goods and services trade deficit widened in August to 105.6 billion dollars, above expectations cited by XTB. Imports grew more than exports, with industrial supplies and capital goods accounting for substantial increases. July’s deficit was revised to 92.8 billion dollars. The figures are seasonally adjusted and retain the effect of price changes. Imports reached 420.8 billion dollars and exports 315.2 billion dollars.
The United States recorded a goods and services trade deficit of 105.6 billion dollars in August. The figures released on October 6 exceeded the 102.05 billion dollars expected in XTB’s assessment. Both exports and imports increased during the month, with the larger rise in imports widening the difference between them.[1], [2]
Imports totalled 420.8 billion dollars after a monthly increase of 17.2 billion dollars. Exports reached 315.2 billion dollars, an increase of 4.5 billion dollars. Within imports, industrial supplies and materials rose by 9.1 billion dollars and capital goods by 6.2 billion dollars. The published series is seasonally adjusted, but the values have not been adjusted for changes in prices.[1]
The revised July deficit was 92.8 billion dollars. XTB used the earlier published reading of 88.6 billion dollars in its comparison; that number precedes the revision. Its assessment also discussed a possible short-term drag on growth from the wider gap. The growth effect was presented as a possibility, alongside the observed trade figures.[1], [2]
