US Trade Deficit Widens to $67.1 Billion in August

The United States’ goods and services deficit rose by $3.7 billion to $67.1 billion in August, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Tuesday. This reading missed the market expectation for a deficit of $66.1 billion.

“August exports were $171.9 billion, $3.6 billion more than July exports. August imports were $239.0 billion, $7.4 billion more than July imports,” the publication further revealed.