Keeping you up to date on the latest data releases.
- International Trade
In August, the US trade deficit expanded slightly, by $0.2 billion to a level of $38.8 billion after expanding $4.1 billion July. The widening was driven by a $0.1 billion expansion in imports and unchanged exports. On a year-over-year basis, imports increased 0.9 percent after posting 0.5 percent yearly gains in July. Exports expanded 3.9 percent on a yearly basis and increased 3.2 percent in June. Import activity did not extend last month’s strength, coming in slightly softer. Export activity in August was less tepid than previous months and shows strength relative to the same period last year.