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US trade deficit widens to $54 bn in September

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Dion Global

05 Nov 2018

The US Commerce Department said the trade deficit widened to USD 54.0 billion in September from a revised USD 53.3 billion in August.

The wider than expected trade deficit came as the value of imports jumped by USD 3.8 billion or 1.5 per cent to USD 266.6 billion in September from USD 262.8 billion in August.

Notable increases in imports of capital goods and consumer goods more than offset a drop in imports of trucks, buses, and special purpose vehicles.

Meanwhile, the value of exports also surged up by USD 3.1 billion or 1.5 per cent to USD 212.6 billion in September from USD 209.4 billion in August.