US trade deficit narrows slightly in September; imports hit record high
SPY•The US trade deficit narrowed 0.7% to $105.0 billion in September, while imports rose 1.2% to a record $426.6 billion. Exports increased 1.9% to $321.5 billion.
SPY•SPY•SPY•The US trade deficit narrowed 0.7% to $105.0 billion in September, while imports rose 1.2% to a record $426.6 billion. Exports increased 1.9% to $321.5 billion.
The US trade deficit narrowed 0.7% to $105.0 billion in September, below economists’ forecast of $108.0 billion. Imports rose 1.2% to a record $426.6 billion, including record capital goods imports of $158.0 billion as the AI buildout drove purchases of computers and accessories.
Exports advanced 1.9% to $321.5 billion. Goods exports rose 2.5% to $211.0 billion, while services imports and exports both reached records. The inflation-adjusted goods trade deficit widened 3.0% to $119.5 billion; an economist quoted in the article said net exports are still likely to weigh on fourth-quarter GDP growth.
