Trade
US Trade Deficit Widens by More Than Forecast on Goods Demand
- Shortfall in trade expanded 4.9% to $61.5 billion in September
- American demand for foreign-made goods remains solid
Shipping containers on a ship at the Port of Savannah in Savannah, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
The US trade deficit widened by more than expected in September, reflecting the resilience of American demand for foreign goods.
The shortfall in goods and services trade expanded 4.9% from the prior month to $61.5 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists had called for a $59.8 billion gap.