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Thursday, October 25, 2018

US trade deficit widens for fourth straight month, hits $76 billion

The U.S. trade deficit widened for a fourth straight month in September, bringing it to $76 billion, according to data released by the Census Bureau.

The data showed exports grew by 1.8 percent from August to September, from $138.4 billion to $140.95 billion. Imports, meanwhile, expanded by 1.5 percent to $217 billion from $213.9 billion on a month-over-month basis.

Wholesale inventories, meanwhile, grew by 0.3 percent to $644.1 billion in September from $642 billion in August.

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