Prior month unrevised to -39.5B
The US trade balance came in worse than expected at -40.7B vs. -39.2 estimate.
The rise in service imports (jumped by 1.5 billion in the current month) may have been an impact from a temporary rise in rights fees to broadcast the Olympic games. The intellectual property jumped to $4.5 B in August from $3.3B in July. This would be reversed in September.