US trade deficit widens in SeptemberNov, 03, 2022 Posted by Gabriel Malheiros
The U.S. trade deficit widened sharply in September, likely as a strong dollar and softening global demand weighed on exports.
The Commerce Department said on Thursday that the trade deficit increased 11.6% to $73.3 billion. Exports of goods and services fell 1.1%, while imports increased 1.5%.
A smaller trade deficit was the main driver of the rebound in gross domestic product in the third quarter. The economy grew at a 2.6% annualized rate last quarter after contracting at a 0.6% pace in the second quarter.
To read the full original article, please go to: https://www.reuters.com/markets/us/us-trade-deficit-widens-september-2022-11-03/
- Ports and Terminals Aug, 21, 2019 0
- Economy Jul, 15, 2021 0
- Trade Regulations Jul, 02, 2020 0
- Grains Feb, 07, 2020 0