According to Dow Jones, US trade deficit in goods was a seasonally adjusted $58.40B in August, down 0.6% from July. Goods exports rose 0.7% from July and goods imports were up a more modest 0.3%. The figures came in this morning’s Advance Economic Indicators Report from the Commerce Department. The full August trade report is due out on October 5 and will include data on services as well, and it employs a somewhat different methodology. Still, the advance report has proven to be a reasonably accurate guide to the full report’s broad findings.
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