UpInArms
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Thu Oct-13-05 07:33 AM
Response to Reply #20 |
22. U.S. trade gap widens to $59.0 bln in August |
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http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38638.3543281134-845815880&siteID=mktw&scid=0&doctype=806&WASHINGTON (MarketWatch) -- The U.S. trade deficit widened by 1.8% in August to $59.0 billion, the Commerce Department said Thursday. The trade deficit was in line with the consensus forecast of Wall Street economists. Imports rose faster than exports in August. Much of the deterioration was due to the higher costs of imported oil. The U.S. trade deficit with China widened to a record $18.5 billion in August and totals $126.2 billion so far this year. There was no discernable impact on the August trade data from Hurricane Katrina, which struck the Gulf Coast on Aug. 29 and closed the Port of New Orleans.
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