The trade deficit in the US rose in August, the most in five months.
The trade deficit widened in August, the most in five months, as imports increased, and the weakening of the growth of foreign economies has restricted sales to customers abroad.
The Commerce Department reported Tuesday that the gap increased by 15.6% to $ 48.3 billion. Compared to the revised $ 41.8 billion. In July. The median forecast in a survey of economists surveyed by Bloomberg was at $ 48 billion. Exports of goods fell to its lowest level since June 2011.
The strongest dollar for more than 12 years, and the weakness of the economy in developing countries such as China, hinder the prospects of sales for American companies. Sustained consumer demand for everything from clothing to mobile phones makes it clear that a steady stream of incoming deliveries of goods will keep the trade deficit increased and the impact on the US economy.
"It's a double whammy - a strong dollar and weak global demand", - said before the release of the report Mulreyn Millan, deputy head of research and strategy at TD Securities LLC in New York. - "Trade is under the influence of this in the next two quarters."
The August deficit was also the highest since March. Estimates of the trade deficit in the poll of 70 economists surveyed by Bloomberg ranged from $ 40.1 bln. To $ 50.2 billion. The deficit for July was revised to $ 41.9 billion.
Imports increased by 1.2% in August - to $ 230.6 billion. To $ 233.4 billion. In the previous month. Purchases of consumer goods grew by $ 4 billion., With more than half of the growth came from incoming shipments of mobile phones. Imports of capital goods, excluding cars, rose by $ 1.1 billion. That reflects the growth in the sector of telecommunications equipment and generators.
According to the materials WELTRADE