U.S. Trade Deficit Widens Again in October as Imports Hold Steady and Exports Drop
- U.S. trade deficit in goods widened 3.4% to $89.8 billion in October
- Imports of goods were flat at $260.7 billion in October
- Exports of American-made goods fell 1.7% to $170.8 billion in October
- Wholesale inventories dropped 0.2% in October, retail inventories were flat
- Higher trade deficits and lower inventories add to GDP, but trade has not been a major GDP factor this year