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Thursday, September 19, 2019
HomeNewsEconomyU.S. Trade Deficit Widened Further than Expected in July

U.S. Trade Deficit Widened Further than Expected in July

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)
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)

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.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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