Market Updates
U.S. Trade Deficit Eased In September
Brian Turner
05 Oct, 2022
New York City
The trade deficit in August declined to $67.4 billion, the lowest since May 2021, the Bureau of Economic Analysis reported Wednesday.
The goods deficit declined $3.4 billion to $87.6 billion and the services surplus narrowed by $0.4 billion to $20.2 billion.
Imports in August fell 1.1% to $326.3 billion driven by the fall in imports of oil and fuel and computer parts.
Exports declined 0.3% to $258.9 billion. driven by a decline in oil related products and travel services and non-monetary gold shipment.
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