The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both increased in August.
The international trade deficit was $82.9 billion in August, up $2.8 billion from $80.1 billion in July. Exports of goods for August were $118.3 billion, $3.2 billion more than July exports. Imports of goods for August were $201.3 billion, $6.0 billion more than July imports.
Wholesale inventories for August, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $637 billion, up 0.5% from July 2020, and were down 5% from August 2019. The June 2020 to July 2020%age change was revised from down 0.3% to down 0.1%.
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