US: Trade deficit widens in October – 06/12/2022 at 14:42

(CercleFinance.com) – The U.S. trade deficit widened to $78.2 billion in October, up from $74.1 billion a month earlier (revised from an initial estimate of $73.3 billion), according to the Department of Commerce.

The trade deficit shows a 0.7% decline in exports, to $256.6 billion, while imports increased by 0.6%, to $334.8 billion.

In the end, the deficit increased by 5.4% from one month to the next but remained slightly below forecasts: Oddo’s analysts had in fact forecast a trade deficit of 80 billion dollars for the month of October.