The U.S. Census Bureau this week released advance indicators showing that the international trade deficit increased while and wholesale inventories decreased in October.
The international trade deficit was $80.3 billion in October, up $0.9 billion from $79.4 billion in September. Exports of goods for October were $126 billion, $3.4 billion more than September exports. Imports of goods for October were $206.3 billion, $4.4 billion more than September imports.
Wholesale inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $646.2 billion, down 2.7% from October 2019 but up 0.9% from September 2020. The August 2020 to September 2020 percentage change was revised from up 0.4% to up 0.7%.
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