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US Trade Deficit Increased to $42 Billion in July

The Department of Commerce reported:

[T]otal July exports of $183.3 billion and imports of $225.3 billion resulted in a goods and services deficit of $42.0 billion, up from $41.9 billion in June, revised. July exports were $1.9 billion less than June exports of $185.2 billion. July imports were $1.8 billion less than June imports of $227.1 billion.

June was revised down from $42.9 billion. The trade deficit was below the consensus forecast of $44.3 billion.

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