US Trade Deficit Grows 1.3% in October

November 28, 2018 Share Print 0

An early look at trade patterns in October showed a 1.3% widening in the U.S. goods deficit – to $77.2 billion from a revised $76.3 billion in September, the Commerce Department said Wednesday. Economists were looking for the deficit to widen to $77.7 billion. Exports declined in October while imports rose at a slightly faster pace.

The widening of the deficit in goods points to a larger U.S. trade deficit in October. Also, the government’s advanced report on wholesale inventories found a 0.7% increase in October. And advanced retail inventories rose 0.9% in the month.

via MarketWatch

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.