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U.S. Trade Deficit Widens by More Than Forecast

The value of imports rose to the highest since February, while exports increased to their highest point in more than a year.

By Reade Pickert | November 07, 2023 at 03:06 PM
Photo: Shipping containers on a ship at the Port of Savannah in Savannah, Georgia. Shipping containers on a ship at the Port of Savannah in Savannah, Georgia.

The U.S. trade deficit widened by more than expected in September, reflecting the resilience of American demand for foreign goods.

The shortfall in goods and services trade expanded 4.9 percent from the prior month, to $61.5 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists had called for a $59.8 billion gap.

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