Keeping you up to date on the latest data releases.
- U.S. Trade
The U.S. trade deficit in August was unchanged from July’s revised $45.6 billion ($44.8 billion previously). Imports inched down $0.1 billion to $223.2 billion ($223.3 previously) and exports fell by $0.1 billion as well to $177.6 billion ($177.7 billion, previously). The symmetric $0.1 billion decrease in both categories resulted in no change in the overall trade deficit. Third quarter trade reflects some flattening of activity in automotive sectors as supply problems in Japan recover. August’s slight decline in imports (down 0.1 percent) was lead by decreases in consumer goods ($0.8 billion), automotive vehicles, parts, and engines ($0.7 billion) and increases in industrial supplies and materials ($0.9 billion). On a year-over-year, imports rose 11.4 percent in August. The decline in exports (down 0.1 percent) was lead by increases in industrial supplies and materials ($0.8 billion), consumer goods ($0.2 billion), foods, feeds and beverages ($0.2 billion) and decreases in automotive vehicles, parts, and engines ($1.0 billion) and capital goods ($0.4 billion).Year-over-year exports rose 14.7 percent, continuing to post double digit gains.