US goods-trade gap widens to 4-month high
Imports, except for motor vehicles, up for the first time since April
Washington
THE US merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released on Thursday by the Commerce Department.
The report also showed inventories increased at wholesalers and fell at retailers. Goods-trade gap in September increased to US$64.1 billion from $63.3 billion in August. Wholesale inventories increased 0.3 per cent month-on-month, after a revised 0.8 per cent rise in the prior month. Retail stockpiles fell one per cent month-on-month as auto inventories dropped by most since 2009.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says