US goods trade deficit widens to $87.6bn in August

The US goods trade deficit widened to $87.6bn last month from a revised $86.8bn in July, according to the Commerce Department, as an increase in foreign-made consumer goods led to imports outpacing exports.

Economists were expecting a print of $87.3bn.

Exports of goods for August were $149.0bn, $1.1bn more than July exports, while imports of goods were $236.6bn, $1.9bn more than July imports.

Wholesale inventories rose 1.2% month-on-month to $731.0bn, while retail inventories rose 0.1% to $603.3bn.