US Trade Deficit Widened by Less than Expected in July
- Exports of cars, services helped limit impact of more imports
- Spending by visitors to the US climbed to highest since 2019
This article is for subscribers only.
The US trade deficit widened in July by less than forecast, reflecting an increase in exports of cars and services.
The shortfall in goods and services trade grew to $65 billion from a revised $63.7 billion in the prior month, Commerce Department data showed Wednesday. The figures aren’t adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a $68 billion deficit.