U.S. August Trade in Goods and Services Slips, Deficit Rises

U.S. August Trade in Goods and Services Slips, Deficit Rises

Goods and services deficit in August was $67.1 billion, up $ 3.7 billion from July’s $63.4 billion, according to press release. Trade balance deficit an increase from analysts’ expectations of $66.2 billion

  • Exports deficit $ 171.9 billion, up 2.2%% from previous month’s $168.1 billion.
  • Imports deficit $239.0B billion, a 3.2% increase from previous month’s $231.7 billion
  • Trade balance by regions: (unadjusted)
    • China: -$26.4 billion versus previous -$28.3 billion
    • Japan: -$4.3 billion versus previous -$3.4 billion
    • Canada: -$1.2 billion versus previous -$0.5 billion
    • OPEC: -$1.3 billion versus previous -$1.5 billion
    • Mexico: -$12.5 billion versus previous -$11.5 billion
    • European Union: -$15.7 billion versus previous -$13.1 billion

Dollar Index slightly declining on increasing goods and services deficit. DXY is down 0.04%

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