US Trade Deficit Surges to USD134.9B
The 2.1% month-on-month jump blew past forecasts of a $130.4 billion shortfall and built on August’s $132.1 billion deficit.
Imports drove the widening. Goods purchases from abroad climbed $8.1 billion to $344.1 billion, outpacing a $5.3 billion rise in exports, which reached $209.2 billion.
Stockpiles also grew. Wholesale inventories advanced 0.6% from August to $1.01 trillion, while retail inventories ticked up 0.3% to $885.3 billion, the data showed.
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