The Business Times

US trade deficit widens in September

    • The Commerce Department said on Thursday (Nov 3) that the trade deficit increased 11.6 per cent to US$73.3 billion. Exports of goods and services fell 1.1 per cent, while imports increased 1.5 per cent.
    • The Commerce Department said on Thursday (Nov 3) that the trade deficit increased 11.6 per cent to US$73.3 billion. Exports of goods and services fell 1.1 per cent, while imports increased 1.5 per cent. PHOTO: REUTERS
    Published Thu, Nov 3, 2022 · 09:02 PM

    THE US trade deficit widened sharply in September, likely as a strong US dollar and softening global demand weighed on exports.

    The Commerce Department said on Thursday (Nov 3) that the trade deficit increased 11.6 per cent to US$73.3 billion. Exports of goods and services fell 1.1 per cent, while imports increased 1.5 per cent.

    A smaller trade deficit was the main driver of the rebound in gross domestic product in the third quarter. The economy grew at a 2.6 per cent annualised rate last quarter after contracting at a 0.6 per cent pace in the second quarter. 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

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More