- The U.S. trade deficit raced to a record high in August, boosted by imports as businesses rebuild inventories.
- The data presented the latest sign that economic growth slowed in the third quarter.
- The trade deficit surged 4.2% to $73.3 billion last month, the highest since the government started tracking the series, the Commerce Department said.
The U.S. trade deficit raced to a record high in August, boosted by imports as businesses rebuild inventories, the latest sign that economic growth slowed in the third quarter.
The trade deficit surged 4.2% to $73.3 billion last month, the highest since the government started tracking the series, the Commerce Department said on Tuesday. Economists polled by Reuters had forecast the trade gap widening to $70.5 billion.
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