The United States' trade deficit widened in October, the Commerce Department reported Tuesday, as exports fell to a four year low. The latest Commerce report showed the US trade gap up 4.9 percent to USD 42. 2 billion, while imports dropped to a 18 month low. The figures were less grim than economists' expected USD 42.6 billion rise. In October, US exports of goods and services declined 3.6 percent to USD 180.5 billion, the most significant drop since January 2009, reflecting slowing global demand. Imports of goods and services fell 2.1 percent to USD 222.8 billion in October, the lowest since April 2011. The three-month moving average of the trade deficit, which irons out month-to-month volatility, widened modestly to USD 41.7 billion from USD 41.5 billion in the three months to September. In a sign of weak domestic demand, wholesale inventories increased 0.6 percent in October as sales fell for the first time in three months, the Commerce Department said in a second report.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor