Keeping you up to date on the latest data releases.
- International Trade
In September, the US trade deficit expanded $3.1 billion to $41.8 billion after increasing $0.1 billion in August. September’s trade deficit expanded greater than the consensus forecast of −$39.0 billion. The overall expansion was driven by a 1.2 percent increase in imports and a −0.2 percent decrease in exports. On a year-over-year basis, imports increased 1.0 percent, up from August’s 0.9 percent gain. Exports expanded 1.1 percent on a yearly basis in September after rising 4.0 percent in August. Although import activity picked up after a tepid August, export activity still remains soft, averaging a −0.3 percent monthly decrease over the past three months.