U.S. Trade Deficit Widens to Record in August as Imports Rebound
Source: The Wall Street Journal.
ECONOMY U.S. ECONOMY
U.S. Trade Deficit Widens to Record in August as Imports Rebound
Trade gap in goods and services expands to $73.3 billion in August, Commerce Department says; Imports rose 1.4%, exports up 0.5%
By Yuka Hayashi
https://twitter.com/TokyoWoods
Yuka.Hayashi@wsj.com
Oct. 5, 2021 8:58 am ET
The U.S. trade deficit widened to a fresh record in August as American consumers continued to show a strong appetite for imported goods such as pharmaceutical products and toys, though supply-chain disruptions continued to constrain global trade.
The Commerce Department on Tuesday said the trade gap in goods and services expanded to $73.3 billion in August from $70.3 billion in July as the increase in imports outpaced the growth in exports. The August deficit was slightly larger than the prior record of $73.2 billion in June.
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Read more: https://www.wsj.com/articles/u-s-trade-deficit-widens-to-record-august-as-imports-rebound-11633438717
From the source:
U.S. International Trade in Goods and Services, August 2021
https://www.democraticunderground.com/111691443
October 05, 2021
U.S. International Trade in Goods and Services, August 2021
https://www.bea.gov/news/2021/us-international-trade-goods-and-services-august-2021
The U.S. monthly international trade deficit increased in August 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.3 billion in July (revised) to $73.3 billion in August, as imports increased more than exports. The previously published July deficit was $70.1 billion. The goods deficit increased $1.6 billion in August to $89.4 billion. The services surplus decreased $1.4 billion in August to $16.2 billion.
Current Release
https://www.bea.gov/news/2021/us-international-trade-goods-and-services-august-2021
