The U.S. trade deficit widened in December for the second straight month as domestic demand for imported goods ended the year on a strong note. The gap between imports and exports increased by 1.8% to $80.7 billion in December, slightly lower than the all-time high of $80.8 billion in September, ... READ MORE >
trade deficit
Chart of the day: U.S. trade deficit improved significantly in October
The United States trade deficit posted a sharp decline in October to $67.1 billion from the record $81.4 billion in September, according to data released by the U.S. Census Bureau on Tuesday. The improvement was led by a surge in exports, which rose by $16.5 billion, or an 8.1% increase on the month, ... READ MORE >
Goods trade deficit hit new low in September amid strong demand
The goods trade deficit set another record low in September at $96.3 billion as American demand remained strong, according to the Census Bureau advance report released Wednesday. The imbalance between the recovery rates in the United States and in other countries remained a heavy drag on the trade of ... READ MORE >
Chart of the day: U.S. trade deficit reached record high in August
The U.S. trade deficit rose to a record $73.25 billion in August, up from $70.3 billion in July, as both goods and service trade balances declined, according to Commerce Department data released on Tuesday. This put the trade deficit back to June's level of $73.23 billion—the previous record—and ... READ MORE >
CHART OF THE DAY: U.S. trade deficit improved in July after a record high
The U.S. trade deficit of goods and services, which measures exports minus imports, declined by $4.6 billion to $70.1 billion in July as domestic demand for foreign goods slowed and foreign countries' needs for U.S. goods rose. Even though this number was in line with the advanced goods trade balance ... READ MORE >
CHART OF THE DAY: Industrial trade deficit rises amid growing domestic demand
The U.S. goods trade deficit for industrial products increased in May as the value of industrial supplies, capital goods and autos imported continued to outpace exports of such goods. This is in line with the overall U.S. goods trade deficit, which increased to $88.1 billion from $85.7 billion in ... READ MORE >
Pre-holiday data deluge: A November to remember
A series of economic reports released on Wednesday captured the cross currents in the American economy: Jobless claims increase First-time jobless claims rose for the second consecutive week, with the top line increasing to 778,000 for the week ending Nov. 21, up from 742,000 previously, according to ... READ MORE >
U.S. trade balance narrows, bolstering Q1 ’19 GDP expectations
The U.S. trade deficit narrowed to $49.3 billion in February from $51.1 billion in January, impacted by one-time factors in the aerospace and agriculture industries. The deficit—which represents an eight-month low—boosted our first-quarter GDP estimate by 0.4 percent to 1.9 percent. The trade data in ... READ MORE >