United States trade deficit in August to 307 million

United States Department of Commerce announced on 9 October, the month of August, the United States foreign trade deficit in goods and services from July of 319 million to 307 million, better than previously predicted by economists 330 million.

Data show that the month of August, the United States imports goods and services than in July decreased 9 billion, down to $ 1589. As oil prices rebound dampening consumer demand, United States crude oil imports in the current month 5.7%, offset by the growth of motor vehicles and parts imported 8.6%. Current month imports compared to the same period last year dropped 28.6%.

The month of August, the United States goods and services exports increased $ link, $ 792 million, but decline 20.7 over the same period last year.

January-August, the United States trade deficit totals approximately 3570 billion, last year's deficit 6959 $ half.

United States trade deficit declined, mainly due to economic recession causing imports decline, while relatively good export situation. But economists expected, with the United States economy to recover, in the next few months, the trade deficit may increase.