US goods trade deficit widens sharply in September
The goods trade gap increased 14.9% to US$108.2 billion last month
Add BT as a preferred source
THE US trade deficit in goods widened sharply in September amid a surge in imports, suggesting that trade remained a drag on economic growth in the third quarter.
The goods trade gap increased 14.9 per cent to US$108.2 billion last month also as exports fell, the Commerce Department’s Bureau of Economic Analysis said on Tuesday (Oct 29).
That would mark the third straight quarter that trade has subtracted from gross domestic product. The government is scheduled to publish its advance GDP estimate for the July-September quarter on Wednesday.
The economy likely grew at a brisk 3.0 per cent annualised rate last quarter, a Reuters survey of economists showed, matching the second quarter’s pace. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
