Trade Gap in U.S. Little Changed as Exports, Imports Stall

The trade deficit in the U.S. was little changed in August as imports and exports stalled, indicating a loss of momentum in global economic growth.

The gap increased 0.4 percent to $38.8 billion from a revised $38.6 billion in July that was smaller than previously reported, the Commerce Department reported today in Washington. The median forecast in a Bloomberg survey of 71 economists called for a $39.4 billion deficit.