
The U.S. goods-trade gap widened sharply in July as a surge in imports eclipsed largely flat exports, according to advance data from the Commerce Department’s Census Bureau. The deficit rose to $103.6 billion from a revised $84.9 billion in June, far exceeding the $90.2 billion shortfall economists had expected. Imports climbed 7.1% from the prior month to $281.5 billion, an $18.6 billion increase led by consumer goods and industrial supplies. Exports slipped 0.1% to $178.0 billion, shaving $0.1 billion off the total. The 22% month-on-month jump in the gap signals trade could weigh on third-quarter GDP growth after having boosted output in the previous quarter.
💲Economía | Déficit comercial de bienes en Estados Unidos aumenta bruscamente en julio 🇺🇸 https://t.co/IvOYLLgahI
The advance international trade deficit in goods increased to $103.6 billion in July from $84.9 billion in June as exports decreased and imports increased. Learn more: https://t.co/qZYlxNEIvs #CensusEconData #AdvanceInternationalTradeGoods https://t.co/S64hUGdLTc
⚠️BREAKING: *U.S. JULY TRADE DEFICIT RISES TO -$103.6 BILLION; EST. -$90.2B; PREV. -$84.8B 🇺🇸🇺🇸 https://t.co/3rhDq2sfWi
