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U.S. Trade Deficit Widens In October Amid Pullback By Exports
(RTTNews) - Largely reflecting a pullback in the value of exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of October.
The Commerce Department said the trade deficit increased to $64.3 billion in October from a revised $61.2 billion in September.
Economists had expected the trade deficit to rise to $64.1 billion from the $61.5 billion originally reported for the previous month.
The wider trade deficit came as the value of exports slumped by 1.0 percent to $258.8 billion, while the value of imports inched up by 0.2 percent to $323.0 billion.
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