August Trade Deficit Widens by 3.7B, Commerce Department Reports
10/15/2010
The goods deficit increased by $3.9 billion in July to $59 billion. But services saw a surplus of $0.1 billion to $12.6 billion. On a year-to-date basis, the goods and services deficit increased $15.3 billion from August 2009 to August 2010. Exports rose 18 percent, but imports climbed 24 percent.
The decrease in exports was primarily attributed to capital goods. But exports of foods, beverages, industrial supplies, and automotive vehicles and parts experienced growth.
The imports increase was due largely to consumer goods. Capital goods and automotive vehicles and parts also contributed to the increase.
Project Announcements
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024