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US trade deficit for goods soar 7.7% to $99 billion in October

US trade deficit for goods soar 7.7% to $99 billion in October
Exports stand at $173.7 billion, imports at $272.7 billion

By Ovunc Kutlu

ISTANBUL (AA) - The US trade deficit for goods soared 7.7% to $99 billion in October, according to data released Wednesday by the Commerce Department’s Census Bureau.

The goods trade deficit is an increase of $7.1 billion from $91.9 billion in September, the agency said in a statement.

The figure was expected to come in at $90.2 billion.

Exports of goods in October were $173.7 billion, $4.7 billion less than September exports; while imports of goods for October were $272.7 billion, $2.4 billion more than September imports.

Wholesale inventories for October were estimated at $925.8 billion, up 0.8% from September, while they were up 22.1% from October 2021, it said.

Retail inventories for October were also estimated at $739.5 billion, down 0.2% from the previous month but were up 21.1% from the same month last year, it added.


source: News Feed
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