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Tuesday, June 18, 2024

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    In August, the US trade deficit for goods fell 7.3%.

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    According to figures released Friday, the US trade deficit for goods fell 7.3% to $84.3 billion in August.

    The trade deficit (the difference between imported and exported commodities) fell $6.6 billion from $90.9 billion in July, according to a report from the Commerce Department’s Census Bureau.

    The sum was expected to come in at $91.2 billion.

    According to the data, goods exports totaled $168.9 billion in August, up $3.6 billion from the previous month.

    Imports of products were around $253.1 billion last month, which was $3.1 billion less than July imports.

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