- Analytics
- News and Tools
- Market News
- U.S. trade deficit narrows less than forecast in July
U.S. trade deficit narrows less than forecast in July
The U.S.
Commerce Department reported on Wednesday U.S. the goods and services trade
deficit narrowed to $54.0 billion in July from a revised $55.5 billion in the
previous month (originally a gap of $55.2 billion).
Economists had
expected a deficit of $53.5 billion.
According to
the report, the July decrease in the goods and services deficit reflected a decline
in the goods deficit of $1.6 billion to $73.7 billion and a drop in the
services surplus of $0.1 billion to $19.7 billion.
Exports of
goods and services from the U.S. rose 0.6 percent m-o-m to $ 207.4 billion in July, while imports edged
down 0.1 percent m-o-m to $261.4 billion.
Year-to-date, the goods and services deficit surged 8.2 percent from the same period in 2018. Exports fell 0.2 percent, while imports rose 1.4 percent.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
