Trade Deficit Widens 6.3% To $72.2 Billion, Worse Than Expected

Investment Advisor Representative - Sitka Pacific Capital Management • Aug 28, 2018 at 3:30 PM EDT

Economists expected the trade deficit to widen, but the report was outside the range of any estimate.The Advance Economic Trade Report (Goods Only), shows the international trade deficit was $72.2 billion in July, up $4.3 billion from $67.9 billion.

Economists expected the trade deficit to widen, but the report was outside the range of any estimate.

The Advance Economic Trade Report (Goods Only), shows The international trade deficit was $72.2 billion in July, up $4.3 billion from $67.9 billion in June.

Exports of goods for July were $140.0 billion, $2.5 billion less than June exports.

Imports of goods for July were $212.2 billion, $1.8 billion more than June imports.

The Advance report is goods only the full report is goods plus services.

Trump will not be pleased.

Disclosure:

None.