The US trade deficit fell 2,7% in August, driven by higher exports and lower imports, although there were record purchases from China, the Commerce Department said on Thursday (05.10.2017).
In seasonally adjusted data, the US trade deficit down 2,7% to $42.400 billion; the lowest since September last year. Analysts had expected a drop to $42.600 billion.
Exports, which rose 0,4% to $195.3000 billion, hit their highest level since December 2014.
Imports suffered from a weaker dollar and fell 0,1% to $237.700 billion.
By contrast The deficit with China was 34.900 billion dollars and is the highest since September 2015 with record imports of $45.800 billion.
The United States is China's second-largest trading partner after the European Union. However, frictions between Washington and Beijing are increasing.
Source: AFP
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