WASHINGTON — Fueled by imports growing at a faster rate than exports, July's trade deficit was $62.2 billion, up from $58.8 billion during the previous month, the Commerce Department reported today.
The deficit is the highest in 16 months, according to data released by the department.
The United States exported $168 billion in goods and services in July, compared with $162.8 billion in June.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
