He United States goods trade deficit widened sharply in September amid a surge in imports, suggesting trade remained a drag on economic growth in the third quarter.
The gap in trade in goods increased 14.9% to $108.2 billion last month, also due to the drop in exports, the Commerce Department’s Bureau of Economic Analysis reported on Tuesday.
In this way, this would be the third consecutive quarter in which trade subtracts from the Gross Domestic Product. The government plans to publish on Wednesday its advance estimate of GDP for the July-September quarter.
According to a Reuters poll of economists, the economy probably grew at an annualized rate of 3.0% last quarter, matching the pace of the second quarter.
Information in development…
