Import, Export, Logistics concept – Map global partner connection of Container Cargo freight ship for Logistic Import Export background (Photo: AdobeStock/Elements of this image furnished by NASA)
The U.S. trade deficit came in at an estimated $72.2 billion in July, up $4.3 billion from $67.9 billion in June. The consensus forecast was calling for an increase of $69.4 billion.
Exports of goods for July were $140.0 billion, $2.5 billion less than June exports. Imports of goods for July were $212.2 billion, $1.8 billion more than June imports.
Advance Wholesale Inventories
Wholesale inventories adjusted for seasonal variations but not for price changes were estimated at an end-of-month level of $637.0 billion for July, up 0.7% from June 2018 and up 5.2% from July 2017. The May 2018 to June 2018 percentage change was unrevised from the preliminary estimate of up 0.1%.
Advance Retail Inventories
Retail inventories adjusted for seasonal variations but not for price changes were estimated at an end-of-month level of $637.7 billion for July, up 0.4% from June 2018 and up 2.3% from July 2017. The May 2018 to June 2018 percentage change was revised from up 0.1% to unchanged.
