Explore Monex
U.S. Budget Deficit
September 11, 2008

Did the bounce in the dollar solve the U.S. Trade Deficit problem?

Deficits Debt

"The U.S. deficit in international trade of goods and services increased by 5.7% to $62.20 billion from June's revised $58.84 billion, the Commerce Department said Thursday. The June trade gap was originally reported as $56.77 billion.

U.S. exports in July climbed 3.3% to $168.15 billion from $162.79 billion. July imports increased by 3.9% to $230.35 billion from $221.62 billion. The nation's trade gap with China surged.

The overall, $62.20 billion trade deficit was much bigger than Wall Street expectations. Economists surveyed by Dow Jones Newswires estimated a $58.80 billion shortfall for July. It was the widest trade deficit since $62.32 billion in March 2007."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

See What Investors are Saying About Monex

Thank You!
Want your kit sooner?
Faster delivery is available by phone.
Get Your Free Report

A Better Future
with Precious Metals

  • All form fields are required

  • Privacy Policy
  • This field is for validation purposes and should be left unchanged.
Download Your Report