Slight Decrease for Trade Deficit in August, Marks Fourth Straight Month of Reduction
The U.S. goods and services deficit decreased to $40.1 billion in August from $40.3 billion in July, the Census Bureau said. The goods deficit increased $0.1 billion in August, but increases in the services surplus counteracted the total figure. Goods…
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exports increased $0.1 billion to $138.8 billion, and goods imports increased $0.1 billion to $198.7 billion, said Census. The U.S. registered export increases in capital goods ($1 billion); consumer goods ($0.8 billion); and industrial supplies and materials ($0.7 billion). The July to August increase in imports reflected a slight boost in capital goods ($1.8 billion) and consumer goods ($0.7 billion).