The U.S. Census Bureau on Friday released advance indicators showing that the international trade deficit increased and that wholesale inventories dipped in July.
The international trade deficit was $79.3 billion in July, up $8.3 billion from $71.0 billion in June. Exports of goods for July were $115.0 billion, $12.2 billion more than June exports. Imports of goods for July were $194.3 billion, $20.5 billion more than June imports.
Wholesale inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $633.7 billion, down 0.1% from June, and were down 5.4% from July 2019. The May 2020 to June 2020 percentage change was revised from down 1.4% to down 1.3%.
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