9/28, 2:34 PM (Source: TeleTrader)
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US trade deficit down to $87.3B in August

The goods and services trade deficit in the United States came in at $87.3 billion in August, going down by $2.9 billion from the revised figure of $90.2 billion recorded in July, the US Bureau of Economic Analysis and the US Census Bureau revealed in a preliminary report published on Wednesday.

The country's exports of goods landed at $179.8 billion, falling by $1.7 billion compared to July, while imports of goods slumped by $4.6 billion on a monthly level to $267.1 billion. Wholesale inventories rose by 1.3% on a monthly basis to $913.1 billion or 25.1% in comparison to the corresponding month the year before. Retail inventories stood at $741.0 billion in August, adding 1.4% on a monthly basis, and 21.6% annually.

Baha Breaking News (BBN) / AB