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US goods trade deficit widens to $87.6bn in August
By Iain Gilbert
Date: Tuesday 28 Sep 2021
LONDON (ShareCast) - (Sharecast News) - The US goods trade deficit widened to $87.6bn last month from a revised $86.8bn in July, according to the Commerce Department, as an increase in foreign-made consumer goods led to imports outpacing exports.
Economists were expecting a print of $87.3bn.
Exports of goods for August were $149.0bn, $1.1bn more than July exports, while imports of goods were $236.6bn, $1.9bn more than July imports.
Wholesale inventories rose 1.2% month-on-month to $731.0bn, while retail inventories rose 0.1% to $603.3bn.