The 2020 Mid-Year Economic Update_long

Census Bureau Releases Two Advance Economic Indicators for July

The U.S. Census Bureau on Friday released advance indicators showing that the international trade deficit increased and that wholesale inventories dipped in July.
advance indicators July

The U.S. Census Bureau on Friday released advance indicators showing that the international trade deficit increased and that wholesale inventories dipped in July.

The international trade deficit was $79.3 billion in July, up $8.3 billion from $71.0 billion in June. Exports of goods for July were $115.0 billion, $12.2 billion more than June exports. Imports of goods for July were $194.3 billion, $20.5 billion more than June imports.

Wholesale inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $633.7 billion, down 0.1% from June, and were down 5.4% from July 2019. The May 2020 to June 2020 percentage change was revised from down 1.4% to down 1.3%.

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