US trade deficit widens in September
Nov, 03, 2022 Posted by Gabriel MalheirosWeek 202244
The U.S. trade deficit widened sharply in September, likely as a strong dollar and softening global demand weighed on exports.
The Commerce Department said on Thursday that the trade deficit increased 11.6% to $73.3 billion. Exports of goods and services fell 1.1%, while imports increased 1.5%.
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% annualized rate last quarter after contracting at a 0.6% pace in the second quarter.
Source: Reuters
To read the full original article, please go to: https://www.reuters.com/markets/us/us-trade-deficit-widens-september-2022-11-03/
Related Post
-
Ports and Terminals
Jun, 17, 2024
0
Tragic floods bring Rio Grande do Sul port operations to 2.39% drop
-
Ports and Terminals
Mar, 29, 2023
0
‘Privatizing the Port of Santos was a bad idea,” says Brazil’s Minister of Ports
-
Trade Regulations
Jun, 24, 2022
0
Brazil at OECD could put Mercosur-EU agreement back on running
-
Other Logistics
Jun, 07, 2022
0
VLI receives the first wave of wagons for specialty cellulose transport operations