US goods trade deficit widens sharply in September
The US Commerce Department said the US goods trade deficit rose 5.7% to $92.2 billion in September, and the increase in September only reversed part of previous months' declines making the gap significantly smaller in the third quarter.
Goods exports fell 1.5% to $177.6 billion in September, with food exports down 14.0% and shipments of industrial supplies, which include crude oil, declining 3.1%, goods imports rising 0.8% to $269.8 billion in September, and capital goods imports rising 4.4 percent. % . Wholesale inventories rose 0.8% in September after rising 1.4% in August, auto stocks rose 1.9% in September after rising 3.5% in August, and excluding auto, retail inventories fell 0.1% in September after rising 0.7% in August.