The trade deficit in the United States reached an all-time high
The negative trade balance of the United States in June
increased by $4.8 billion compared with the previous month, which
the highest figure in the history of observation. The rate
rate of growth of 6.7%; thus, it reached $75.7
The statistics were compiled by the Bureau of Economic Analysis
of the nation's Department of Commerce.
The results fell short of analysts' expectations, which had been projected to grow by $2.9 billion, according to the Bureau of Economic Analysis.
by $2.9 billion, according to the DailyFX Web resource, which conducted a survey of
analysts. In May, the new estimate of the deficit was $71 billion.
The merchandise foreign trade deficit in the United States increased by $4 billion
month-to-month to $93.2 billion. The increase in imports was five
times the increase in exports - $6 billion versus $1.2 billion.
These statistics are compiled jointly by the
Bureau of Economic Analysis and the Census Bureau, the calculations
are made by the agencies over a two-month period.