Trade Deficit Narrowed by $0.9 Billion in August

Washington, DC, September 28, 2017-The international trade deficit was $62.9 billion in August, down $0.9 billion from $63.9 billion in July, according to the U.S. Census Bureau.

Exports of goods for August were $128.9 billion, $0.3 billion more than July exports. Imports of goods for August were $191.8 billion, $0.6 billion less than July imports.

Wholesale inventories for August were estimated at an end-of-month level of $608.4 billion, up 1.0% from July 2017, and were up 4.6% from August 2016. The June 2017 to July 2017 percentage change was unrevised at up 0.6%.

Retail inventories for August were estimated at an end-of-month level of $625.0 billion, up 0.7% from July 2017, and were up 3.7% from August 2016. The June 2017 to July 2017 percentage change was revised from down 0.1% to virtually unchanged.