October 9, 2009
Trade Deficit Narrows In August
By Matthew L. Brown
The United States' trade deficit shrank from $31.9 billion in July to $30.7 billion last month, the U.S. Census Bureau said.
August's exports totaled $128.2 billion and imports totaled $158.9. August's exports were $200 million more than July exports of $128 billion. August imports were $900 million less than July imports of $159.8 billion.
In August, the goods deficit decreased $8 million from July to $41.9 billion, and the services surplus increased $300 million to $11.2 billion. Exports of goods were flat at $86.8 billion. Imports of goods decreased $800 million to $128.7 billion.
Exports of services increased $200 million to $41.4 billion, and imports of services decreased $100 million to $30.2 billion.
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