US October trade deficit widens by 17.8pc to US$42.6b
THE US Commerce Department has said that the nation's goods and services deficit for October totalled $42.6 billion, a 17.8 per cent increase from September, as exports weakened amid higher imports.
The US trade deficit for October was higher than analyst expectations, with economists polled by the Wall Street Journal expecting a trade gap of $42.1 billion, while economists surveyed by Reuters projected a $41.8 billion trade gap, American Shipper reported.
During the month, US exports totalled $186.4 billion, down 1.8 per cent from September, while the nation's imports ticked up 1.3 per cent from September to $229 billion.
On a year-to-date basis, the US trade deficit has actually decreased 2.1 per cent from the corresponding period in 2015.
THE US Commerce Department has said that the nation's goods and services deficit for October totalled $42.6 billion, a 17.8 per cent increase from September, as exports weakened amid higher imports.
The US trade deficit for October was higher than analyst expectations, with economists polled by the Wall Street Journal expecting a trade gap of $42.1 billion, while economists surveyed by Reuters projected a $41.8 billion trade gap, American Shipper reported.
During the month, US exports totalled $186.4 billion, down 1.8 per cent from September, while the nation's imports ticked up 1.3 per cent from September to $229 billion.
On a year-to-date basis, the US trade deficit has actually decreased 2.1 per cent from the corresponding period in 2015.