Tin tức thị trường
08.10.2024

U.S. trade deficit improves more than anticipated in August

The U.S. Commerce Department announced on Tuesday that the U.S. goods and services trade deficit narrowed by 10.8 per cent to $70.4 billion in August compared to a revised shortfall of $78.9 billion (from $78.8 billion) in July. This marked the smallest trade gap since March ($68.0 billion).

Economists had anticipated a shortfall of $70.6 billion for August.

According to the report, the August drop in the goods and services deficit reflected a decline in the goods deficit of $8.4 billion to $94.9 billion and a gain in the services surplus of $0.1 billion to $24.4 billion.

Overall, exports of goods and services from the U.S. climbed by 2.0 per cent m-o-m to $271.8 billion in August, the highest level on record, while imports fell by 0.9 per cent m-o-m to $342.2 billion.

Year-to-date, the goods and services deficit jumped by 8.9 per cent from the same period in 2023. Exports increased by 3.9 per cent, while imports surged by 4.9 per cent.


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