US Trade Deficit Widens 8 Percent in September
The U.S. trade deficit widened in September as imports increased to the highest level in 10 months while exports slipped.
The Commerce Department says the deficit increased to $41.8 billion, up 8 percent from August. It was the largest trade gap since May and marked the third straight month that the deficit has risen since hitting a four-year low in June.
Exports, which hit a record high in June, slipped for the third straight month, dipping 0.2 percent to $188.9 billion, with sales of commercial aircraft and autos both down. Imports rose 1.2 percent to $230.7 billion, the highest level since November.
The deficit with China hit an all-time high of $30.5 billion.
So far this year, the deficit is running 11.7 percent below the pace of 2012.