Highlights of Advance Trade and Inventories
Goods-trade gap increased to $64.1bn (just above the estimated $64bn) from $63.3bn in August. Wholesale inventories increased 0.3 percent m/m (the estimated gain was 0.4 percent), after a revised 0.8-percent rise in the prior month. Retail stockpiles fell 1 percent m/m as auto inventories dropped by most since 2009.
The rebound in imports spanned all major categories except motor vehicles, with shipments of capital goods and industrial supplies both rising more than 2 percent. Exports also gained, though the increase was concentrated in industrial supplies, with most other categories declining. Even so, U.S. companies have benefited from strong overseas markets and a weak dollar, both of which have boosted shipments abroad.
Enjoy curated articles directly to your inbox.