US trade deficit in August the worst since 2006
The US's services trade surplus falls to the smallest since 2012 while its trade shortfall in merchandise climbs to record
06 October 2020 - 17:41
The US trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a rise in demand ahead of the holiday-shopping season.
The overall gap in trade in goods and services expanded to $67.1bn in August from a revised $63.4bn in July, according to US commerce department data released on Tuesday. The median estimate in a Bloomberg survey of economists had called for a widening to $66.2bn. The positive balance on services dropped to $16.8bn...
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