Trade Gap Probably Widened on Oil Costs: U.S. Economy Preview
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The U.S. trade deficit probably climbed in August on higher crude oil costs at the same time slower global growth reduced demand for American exports, economists said before a report this week.
The gap widened to $44 billion during the month from $42 billion in July, according to the median forecast of 62 economists in a Bloomberg survey before the Commerce Department’s report on Oct 11. More expensive oil pushed up producer prices in September, figures from the Labor Department may show the next day.