Keeping you up to date on the latest data releases.
- U.S. Trade
The U.S. trade deficit in September narrowed by $1.8 billion to −$43.2 billion, down from August’s revised −$44.9 billion (−$45.6 billion previously). Imports increased by $0.7 billion to $223.5 billion in September, marking the first time in three months imports posted gains. Exports increased by $2.5 billion to $180.4 billion, rising for the third consecutive month. Exports outpacing imports lead to the decline in the overall deficit which is now at its narrowest level since December 2010. September’s 0.3 percent increase in imports was driven by gains in food, industrial supplies, and automobile categories. The gains were offset by declines in capital and consumer goods. Year-over-year, imports rose 11.9 percent in September. The 1.4 percent jump in exports was lead by broad based gains across most major categories. Exports continued to post double digit gains on a yearly basis rising 15.9 percent.