March 26, 2017

Trade Deficit Inches Down in July

Following a record increase in the trade deficit this past June, trade statistics for July show the rate declined to $42.8 billion. The downward shift is a result of exports increasing 1.5% to $153.3 billion, whereas imports decreased 2% to $196.1 billion, according to this month’s trade report [.pdf]. However, excluding June of 2010, the trade deficit is still as high as its been since November of 2008, as the graph below shows. In addition, the 3 last months have averaged a trade deficit of $44.7 billion, which is the highest 3 month average since December of 2008.

The trade deficit has improved, albeit after a record plummet in June.

Speak Your Mind