The 2020 Mid-Year Economic Update_long

Census Bureau Releases Two Advance Economic Indicators for August

The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both increased in August.
Census Bureau economic indicators

The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both increased in August.

The international trade deficit was $82.9 billion in August, up $2.8 billion from $80.1 billion in July. Exports of goods for August were $118.3 billion, $3.2 billion more than July exports. Imports of goods for August were $201.3 billion, $6.0 billion more than July imports.

Wholesale inventories for August, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $637 billion, up 0.5% from July 2020, and were down 5% from August 2019. The June 2020 to July 2020%age change was revised from down 0.3% to down 0.1%.

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