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The U.S. trade deficit expanded more sharply than anticipated in August, reaching $105.6 billion, according to Commerce Department data. This figure exceeded the $102 billion deficit projected by analysts.
The U.S. trade deficit increased to $105.6 billion in August from a revised $92.8 billion in July, exceeding economists' expectations.
The US trade deficit in goods widened 11.5% to $132.6 billion in August, an increase from economists' forecast of $115.0 billion, as goods imports surged 5.5% to $336.1 billion.
The US trade deficit in goods widened significantly in August, increasing by 11.5% to $132.6 billion, driven by a surge in imports. This suggests that trade may continue to be a drag on economic growth in the third quarter.