US international trade balance for August $-70.4 billion vs -$70.6B estimate

• Prior month $-78.8 billion revised to $-78.9 billion
• trade balance $-70.4 billion versus $-70.6 billion estimate.
• good trade balance -$94.22 pain dollars versus $-102.8 billion last month
• services surplus $24.4 billion versus $24.3 billion last month

details:

• exports +2% versus July’s +0.5%
• imports -0.9% versus July +2.1%
• exports $271.76 billion versus $266.48 billion last month
• imports $342.1 billion versus $345.4 billion last month
• capital goods imports $83.13 billion versus $83.46 billion last month
• China trade deficit $-27.88 billion versus $-30.12 billion last month

Last month’s goods imports were much higher than expected as a result of the expected strike at the ports.

This article was written by Greg Michalowski at www.forexlive.com.