US international trade balance for August $-67.4 billion vs. $-67.7 billion estimate

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• US international trade balance for August 2022 $-67.4 billion vs. $-67.7 billion estimate
• prior month revised to -70.5B vs. -70.6 billion previously reported
• goods trade balance $-87.28 billion vs. -$90.19 billion
• exports were $258.9 billion which were down -0.7 billion vs. July
• imports came in at $326.3 billion which was $-3.7 billion less than July
• The August decreasing goods and services reflected a decrease in goods deficit of $3.4 billion to a deficit of $87.6 billion a decrease in the services a surplus of $0.4 billion to $20.2 billion
• year-to-date goods and services deficit increased $132.3 billion or 24.4% from the same period in 2021.
• Year-to-date exports increase $329.8 billion or 19.9%. Year-to-date imports increased to $462.1 billion or 21%

The deficit is the lows going back to midyear of 2021.

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term