U.S. Trade Deficit Widened in October as Exports, Imports Rose
By Yuka Hayashi
WASHINGTON -- The U.S. trade deficit widened in October as
exports and imports rose for a fifth straight month, reflecting a
continued recovery in global commerce from the impact of the
The U.S. posted a deficit of $63.1 billion in October, compared
with $62.1 billion in September, the Commerce Department said
Friday. The figures were adjusted for seasonal variations.
Economists polled by The Wall Street Journal had forecast a
$64.8 billion deficit in October.
Exports rose 2.2% to $182.0 billion from the previous month,
while imports rose 2.1% to $245.1 billion.
Global trade has recovered more quickly than economists expected
since widespread lockdowns were imposed in March and April. Trade
may start slowing again as winter approaches and governments impose
renewed restrictions in response to a surge in coronavirus
(END) Dow Jones Newswires
December 04, 2020 08:54 ET (13:54 GMT)
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