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Trade deficit in the US widens

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In the US, the trade deficit in goods increased by 14.9 percent in September, rising to $108.2 billion. The US Department of Commerce released September data on trade balance, wholesale inventories, and retail inventories. The trade deficit in goods, referred to as the “preliminary merchandise trade deficit,” jumped by 14.9 percent in September compared to the previous month, reaching $108.2 billion. Market expectations for the trade deficit reached its highest level since March 2022 at $95.9 billion. The trade deficit in goods was $94.2 billion in August. During this period, goods exports amounted to $174.2 billion, while goods imports were recorded at $282.4 billion. Wholesale inventories decreased by 0.1 percent to $905 billion in September, while retail inventories increased by 0.8 percent to $824.3 billion.

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